401(k) · DOL Form 5500 · 2023
Principal Life Insurance Company 401(k) Plan
Data updated 2026-08-25
- $865M
- Total assets Above avg plan size
- 7,764
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $111,361
- Avg per participant Below avg balance/head
Official DOL plan name: Thrivewise Pooled Employer Plan · Sponsored by Principal Life Insurance Company · Iowa · Finance & Insurance
$865M in assets, 7,764 participants
Principal Life Insurance Company's Thrivewise Pooled Employer Plan reported $865M in total assets and 7,764 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- #8,615 in Finance & Insurance (8,869 peers)
Coverage in Iowa
Thrivewise Pooled Employer Plan covers 7,764 participants in Iowa, 13x the typical Iowa plan (state average ~609 per filing). Assets: $865M.
- #8,615
- in Finance & Insurance (8,869 peers)
- +46.9%
- assets growth YoY
- 8.7×
- vs typical plan assets (national mean)
Thrivewise Pooled Employer Plan's outsized position by total assets
Thrivewise Pooled Employer Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$864,606,912 Top 2% higher than 98% 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
Thrivewise Pooled Employer Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Thrivewise Pooled Employer Plan lands in the large band (7,764 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Thrivewise Pooled Employer Plan reported net income rose from -$66M in the plan year 2022 filing to $135M in the plan year 2023 filing.
- Thrivewise Pooled Employer Plan end-of-year assets rose from $588M in the plan year 2022 filing to $865M in the plan year 2023 filing.
- Thrivewise Pooled Employer Plan reported participants rose from 5,330 in the plan year 2022 filing to 7,764 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 420127290 · Principal Life Insurance Company PY 2023 · 401(k)
Thrivewise Pooled Employer Plan · $865M · 7,764 · 98th
- NET $865M
- NET 7,764
- NET 98th
- NET 401(k)
- NET near Worthington Industries, Inc. Deferred Profit Sharing Plan
- NET ind #8615
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 →
Thrivewise Pooled Employer Plan in the asset neighbourhood
Iowa filing particulars
| Total Assets (Beginning of Year) | $588M |
|---|---|
| Net Assets (End of Year) | $865M |
| Net Income | $135M |
| 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 Thrivewise Pooled Employer Plan
Thrivewise Pooled Employer Plan reports $865M in end-of-year assets across 7,764 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $111,361 per participant (81% of the national average assets-per-participant) . Net income for plan year 2023 was $135M.
This plan identity (EIN 420127290, plan #333) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $588M to $997M (+69.4%) while covered participants moved from 5,330 to 8,111 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,330 | $588M | Open filing |
| 2023 | 7,764 | $865M | This page |
| 2024 · index core | 8,111 | $997M | 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)
Thrivewise Pooled Employer Plan's out-of-state 401(k) peers by assets and headcount
Outside Iowa, the nearest 401(k) by assets is Worthington Industries, Inc. Deferred Profit Sharing Plan in OH ($865M); by covered participants it is Big Y Foods, Inc. 401(k) Retirement Savings Plan in MA (7,763 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($865M here).
- Worthington Industries, Inc. Deferred Profit Sharing Plan (OH) $865M · 4,935
- Travel + Leisure Co. Employee Savings Plan (FL) $865M · 10,364
- One Gas, Inc. 401(k) Plan (OK) $864M · 3,716
- Four Seasons Hotels Retirement Benefit Plan () $863M · 15,652
Similar participant headcount
Nearest other-state filings by covered participants (7,764 participants); asset peers above are excluded.
- Big Y Foods, Inc. 401(k) Retirement Savings Plan (MA) 7,763 · 1 off
- Stride, Inc. 401(k) Plan (VA) 7,763 · 1 off
- The Davey 401ksop and ESOP (OH) 7,775 · 11 off
- Federal Home Loan Mortgage Corp Thrift/401(k) Savings Plan (VA) 7,748 · 16 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.