401(k) · DOL Form 5500 · 2023
Principal Life Insurance Company 401(k) Plan
Data updated 2026-08-25
- $384M
- Total assets Above avg plan size
- 72,266
- Participants Very large workforce
- 97th
- Percentile by assets National rank
- $5,316
- Avg per participant Low balance/head
Official DOL plan name: Principal Ease 401(k) Plan · Sponsored by Principal Life Insurance Company · Iowa · Finance & Insurance
$384M in assets, 72,266 participants
Principal Life Insurance Company's Principal Ease 401(k) Plan reported $384M in total assets and 72,266 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #8,388 in Finance & Insurance (8,869 peers)
Coverage in Iowa
Principal Ease 401(k) Plan covers 72,266 participants in Iowa, 119x the typical Iowa plan (state average ~609 per filing). Assets: $384M.
- #8,388
- in Finance & Insurance (8,869 peers)
- +150.0%
- assets growth YoY
- 3.9×
- vs typical plan assets (national mean)
Principal Ease 401(k) Plan's outsized position by total assets
Principal Ease 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$384,157,839 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Principal Ease 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Principal Ease 401(k) Plan is a mega filing (72,266 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Principal Ease 401(k) Plan reported net income rose from $32M in the plan year 2022 filing to $119M in the plan year 2023 filing.
- Principal Ease 401(k) Plan end-of-year assets rose from $154M in the plan year 2022 filing to $384M in the plan year 2023 filing.
- Principal Ease 401(k) Plan reported participants rose from 36,054 in the plan year 2022 filing to 72,266 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 420127290 · Principal Life Insurance Company PY 2023 · 401(k)
Principal Ease 401(k) Plan · $384M · 72,266 · 97th
- EIN $384M
- RANK 72,266
- PHOTO 97th
- IND 401(k)
- EOY near Pro Mach, Inc. Retirement Savings Plan
- 5500 ind #8388
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Iowa →
Principal Ease 401(k) Plan in the asset neighbourhood
Iowa filing particulars
| Total Assets (Beginning of Year) | $154M |
|---|---|
| Net Assets (End of Year) | $384M |
| Net Income | $119M |
| Employer EIN | 420127290 |
| Plan Effective Date | 2021-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Principal Life Insurance Company)
Sponsor-wide plan assets over time
All Principal Life Insurance Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.7B 130.26408291065167% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 41,384 | $742M |
| 2023 | 4 | 80,191 | $1.3B |
| 2024 | 3 | 129,388 | $1.7B |
Nearby 401(k) Plans in Iowa
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Principal Select Savings Plan $4.1B · 12,827
- Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
- The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
- The Rsm US LLP Retirement Plan $2.9B · 14,720
- Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999
Scale composition for Principal Ease 401(k) Plan
Principal Ease 401(k) Plan reports $384M in end-of-year assets across 72,266 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.077% of 93,925,755 covered participants) - about $5,316 per participant (4% of the national average assets-per-participant) . Net income for plan year 2023 was $119M.
This plan identity (EIN 420127290, plan #334) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $154M to $651M (+323.6%) while covered participants moved from 36,054 to 121,032 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 36,054 | $154M | Open filing |
| 2023 | 72,266 | $384M | This page |
| 2024 · index core | 121,032 | $651M | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Thrivewise Pooled Employer Plan (401(k), $997M, 8,111 participants)
- Principal Ease 401(k) Plan (401(k), $651M, 121,032 participants)
Principal Ease 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Iowa, the nearest 401(k) by assets is Pro Mach, Inc. Retirement Savings Plan in KY ($384M); by covered participants it is T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust in WA (71,538 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($384M here).
- Pro Mach, Inc. Retirement Savings Plan (KY) $384M · 3,189
- The Sharp Employees Savings and Investment Plan (NJ) $384M · 1,698
- Gordon Rees Scully Mansukhani, LLP 401(k) Retirement Plan (CA) $385M · 2,072
- Lg Electronics Retirement Plan (NJ) $384M · 2,987
Similar participant headcount
Nearest other-state filings by covered participants (72,266 participants); asset peers above are excluded.
- T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust (WA) 71,538 · 728 off
- O'reilly Automotive, Inc. Profit Sharing and Savings Plan (MO) 74,266 · 2,000 off
- Accenture United States 401(k) Match Savings Plan (IL) 69,974 · 2,292 off
- Tesla, Inc. 401(k) Plan (TX) 74,647 · 2,381 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.