401(k) · DOL Form 5500 · 2024
Principal Life Insurance Company 401(k) Plan
Data updated 2026-08-25
- $651M
- Total assets Above avg plan size
- 121,032
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $5,378
- Avg per participant Low balance/head
Official DOL plan name: Principal Ease 401(k) Plan · Sponsored by Principal Life Insurance Company · Iowa · Finance & Insurance
$651M in assets, 121,032 participants
Principal Life Insurance Company's Principal Ease 401(k) Plan reported $651M in total assets and 121,032 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.
- #8,205 in Finance & Insurance (8,549 peers)
Coverage in Iowa
Principal Ease 401(k) Plan covers 121,032 participants in Iowa, 199x the typical Iowa plan (state average ~609 per filing). Assets: $651M.
- #8,205
- in Finance & Insurance (8,549 peers)
- +69.4%
- assets growth YoY
- 6.5×
- 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 2024 · DOL Form 5500
$650,877,712 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
Principal Ease 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Principal Ease 401(k) Plan is a mega filing (121,032 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Principal Ease 401(k) Plan end-of-year assets rose from $384M in the plan year 2023 filing to $651M in the plan year 2024 filing.
- Principal Ease 401(k) Plan reported participants rose from 72,266 in the plan year 2023 filing to 121,032 in the plan year 2024 filing.
- Principal Ease 401(k) Plan reported net income rose from $119M in the plan year 2023 filing to $144M in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 420127290 · Principal Life Insurance Company PY 2024 · 401(k)
Principal Ease 401(k) Plan · $651M · 121,032 · 98th
- PART $651M
- TYPE 121,032
- NET 98th
- BOOK 401(k)
- VS-ST near Ingredion Incorporated Retirement Savings Plan for Salaried Employees
- BOY ind #8205
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) | $384M |
|---|---|
| Net Assets (End of Year) | $651M |
| Net Income | $144M |
| 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 Principal Ease 401(k) Plan
Principal Ease 401(k) Plan reports $651M in end-of-year assets across 121,032 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.13% of 93,925,755 covered participants) - about $5,378 per participant (4% of the national average assets-per-participant) . Net income for plan year 2024 was $144M.
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 | Open filing |
| 2024 · index core | 121,032 | $651M | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Thrivewise Pooled Employer Plan (401(k), $997M, 8,111 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 Ingredion Incorporated Retirement Savings Plan for Salaried Employees in IL ($651M); by covered participants it is Culinary and Bartenders 401(k) Plan in NV (120,458 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($651M here).
- Ingredion Incorporated Retirement Savings Plan for Salaried Employees (IL) $651M · 1,993
- Shook, Hardy & Bacon 401(k) Profit Sharing Plan (MO) $651M · 1,164
- Onemain 401(k) Plan (IN) $651M · 9,070
- Firstbank Holding Company Savings and ESOP (CO) $651M · 2,746
Similar participant headcount
Nearest other-state filings by covered participants (121,032 participants); asset peers above are excluded.
- Culinary and Bartenders 401(k) Plan (NV) 120,458 · 574 off
- Microsoft Corporation Savings Plus 401(k) Plan (WA) 118,818 · 2,214 off
- Tyson Foods, Inc. Retirement Savings Plan (AR) 118,403 · 2,629 off
- Rtx Savings Plan (CT) 124,876 · 3,844 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.