Defined Benefit (Pension) · DOL Form 5500 · 2023

Principal Financial Group, Inc. Pension Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
N/A
Participants Small participant base
78th
Percentile by assets National rank
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Official DOL plan name: Principal Pension Plan for Certain Former Agents · Sponsored by Principal Financial Group, Inc. · Iowa · Finance & Insurance

$28M in assets, N/A participants

Principal Financial Group, Inc.'s Principal Pension Plan for Certain Former Agents reported $28M in total assets and N/A participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,912 in Finance & Insurance (8,869 peers)

Where Principal Pension Plan for Certain Former Agents sits by assets

Principal Pension Plan for Certain Former Agents sits in the top quartile of all filed plans by assets, $28M for N/A participants, down 44.1% in 2023.

#5,912
in Finance & Insurance (8,869 peers)
-44.1%
assets change YoY
0.3×
vs typical plan assets (national mean)

Principal Pension Plan for Certain Former Agents's outsized position by total assets

Principal Pension Plan for Certain Former Agents vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$27,936,234 Top 22% higher than 78% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Filed plans by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Principal Pension Plan for Certain Former Agents reported net income rose from -$682M in the plan year 2022 filing to $871K in the plan year 2023 filing.
  • Principal Pension Plan for Certain Former Agents reported participants fell from 11,793 in the plan year 2022 filing to N/A in the plan year 2023 filing.
  • Principal Pension Plan for Certain Former Agents end-of-year assets fell from $50M in the plan year 2022 filing to $28M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 421520346 · Principal Financial Group, Inc. PY 2023 · Defined Benefit (Pension)

Principal Pension Plan for Certain Former Agents · $28M · N/A · 78th

  • EBSA $28M
  • EBSA N/A
  • EBSA 78th
  • EBSA Defined Benefit (Pension)
  • EBSA near Fiber Industries, Inc. Retirement Income Plan
  • EBSA ind #5912

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 Pension Plan for Certain Former Agents in the asset neighbourhood

Ent and Allergy Associates, LLP Cash Balance Pension Plan IEnt and Allergy Associates, …$28MEnt and Allergy Associates, LLP Cash Balance Pension Plan IIEnt and Allergy Associates, …$28MPrincipal Pension Plan for Certain Former AgentsPrincipal Pension Plan for C…$28MFiber Industries, Inc. Retirement Income PlanFiber Industries, Inc. Retir…$28MTeamsters Local 277 Pension$28M
End-of-year total assets ($M) among Principal Pension Plan for Certain Former Agents and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$28M
Net Income$871K
Employer EIN421520346
Plan Effective Date1940-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Principal Financial Group, Inc.)

Sponsor-wide plan assets over time

All Principal Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6.1B 16.49531919009572% vs 2022
2024 filing year
$5B$5.5B$6B$6.5B 202220232024 $5.21B $6.07B ▲ +16.5%
Year Plans Participants Total Assets
2022 4 36,517 $5.2B
2023 3 25,319 $5.9B
2024 3 24,786 $6.1B

Nearby Defined Benefit (Pension) Plans in Iowa

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Principal Pension Plan for Certain Former Agents vs. nearby Defined Benefit (Pension) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -10123 Total assets ($B) Participants Principal Pension Plan for Certain Former Agents, Total assets ($B): 0.027936234 · Participants: 0Principal Pension Plan for Certain Former AgentsTransamerica Pension Plan, Total assets ($B): 2.323730661 · Participants: 6519Transamerica Pension PlanPrincipal Cash Balance Plan, Total assets ($B): 1.699129128 · Participants: 12492Principal Cash Balance PlanMidamerican Energy Company Retirement Plan, Total assets ($B): 0.515952654 · Participants: 3002Midamerican Energy Company Retirement PlanEmployers Mutual Casualty Company Retirement Plan, Total assets ($B): 0.346674752 · Participants: 1835Employers Mutual Casualty Company Retirement PlanNon-Contributory Retirement Program for Certain Employees of Wellmark, Inc., Total assets ($B): 0.297274074 · Participants: 1474Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc.
Principal Pension Plan for Certain Former Agents vs. nearby Defined Benefit (Pension) plans in Iowa, assets vs. participants
Compare Principal Pension Plan for Certain Former Agents side-by-side with 3 peers →

Principal Pension Plan for Certain Former Agents's closest out-of-state Defined Benefit (Pension) peers by assets

Outside Iowa, the nearest Defined Benefit (Pension) by end-of-year assets is Fiber Industries, Inc. Retirement Income Plan in NC at $28M (this filing: $28M).

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Principal Pension Plan for Certain Former Agents assets move in 2023? ▼
Principal Pension Plan for Certain Former Agents contracted severely - down 44.1% during 2023, from $50M to $28M. Reported net income was $871K.
How have Principal Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Principal Financial Group, Inc.'s sponsor-wide assets grew 16.5%, from $5.2B to $6.1B.
Where does Principal Pension Plan for Certain Former Agents rank by assets among Form 5500 filers? ▼
Principal Pension Plan for Certain Former Agents ranks in the 78th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Principal Pension Plan for Certain Former Agents? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Fiber Industries, Inc. Retirement Income Plan in NC ($28M, 2 participants).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 421520346.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.