401(k) · DOL Form 5500 · 2024
Principal Life Insurance Company 401(k) Plan
Data updated 2026-08-25
- $997M
- Total assets Very large vs avg
- 8,111
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $122,908
- Avg per participant Near avg balance/head
Official DOL plan name: Thrivewise Pooled Employer Plan · Sponsored by Principal Life Insurance Company · Iowa · Finance & Insurance
$997M in assets, 8,111 participants
Principal Life Insurance Company's Thrivewise Pooled Employer Plan reported $997M in total assets and 8,111 participants in its 2024 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.
- #8,300 in Finance & Insurance (8,549 peers)
Coverage in Iowa
Thrivewise Pooled Employer Plan covers 8,111 participants in Iowa, 13x the typical Iowa plan (state average ~609 per filing). Assets: $997M.
- #8,300
- in Finance & Insurance (8,549 peers)
- +15.3%
- assets growth YoY
- 10×
- 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 2024 · DOL Form 5500
$996,903,363 Top 2% higher than 98% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Thrivewise Pooled Employer Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Thrivewise Pooled Employer Plan lands in the large band (8,111 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Thrivewise Pooled Employer Plan end-of-year assets rose from $865M in the plan year 2023 filing to $997M in the plan year 2024 filing.
- Thrivewise Pooled Employer Plan reported net income fell from $135M in the plan year 2023 filing to $119M in the plan year 2024 filing.
- Thrivewise Pooled Employer Plan reported participants rose from 7,764 in the plan year 2023 filing to 8,111 in the plan year 2024 filing.
DOL schedule card
Filing strip 420127290 · Principal Life Insurance Company PY 2024 · 401(k)
Thrivewise Pooled Employer Plan · $997M · 8,111 · 98th
- IND $997M
- EOY 8,111
- 5500 98th
- ASSETS 401(k)
- PCT near Retirement Plan for Michigan Credit Union Employees 401(k) Savings Plan
- EIN ind #8300
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) | $865M |
|---|---|
| Net Assets (End of Year) | $997M |
| 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 $4.6B · 12,841
- The Rsm US LLP Retirement Plan $3.4B · 14,728
- Iowa Health System Section 401(k) Retirement Savings Plan $3.3B · 25,072
- The Hy-Vee and Affiliates 401(k) Plan $3.1B · 55,411
- Transamerica 401(k) Retirement Savings Plan $2.7B · 8,059
Scale composition for Thrivewise Pooled Employer Plan
Thrivewise Pooled Employer Plan reports $997M in end-of-year assets across 8,111 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $122,908 per participant (89% of the national average assets-per-participant) . Net income for plan year 2024 was $119M.
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 | Open filing |
| 2024 · index core | 8,111 | $997M | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- 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 Retirement Plan for Michigan Credit Union Employees 401(k) Savings Plan in MI ($996M); by covered participants it is Federal National Mortgage Association Retirement Savings Plan for Employees in DC (8,108 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($997M here).
- Retirement Plan for Michigan Credit Union Employees 401(k) Savings Plan (MI) $996M · 9,086
- Infrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation Plan (IN) $998M · 1,148
- Carrier Retirement Savings Plan (FL) $998M · 12,295
- Tegna 401(k) Savings Plan (VA) $995M · 6,116
Similar participant headcount
Nearest other-state filings by covered participants (8,111 participants); asset peers above are excluded.
- Federal National Mortgage Association Retirement Savings Plan for Employees (DC) 8,108 · 3 off
- Angels of Care 401(k) Plan (TX) 8,114 · 3 off
- Kforce 401(k) Retirement Savings Plan (FL) 8,102 · 9 off
- Kbp Brands 401(k) Plan (KS) 8,102 · 9 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.