401(k) · DOL Form 5500 · 2024

Principal Life Insurance Company 401(k) Plan

Data updated 2026-07-24

$651M
Total assets: 121,032
Participants: 98th
Percentile by assets: $5,378
Avg per participant

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.

98th percentile by assets (of 116,472 plans)

Coverage in Iowa

Principal Ease 401(k) Plan covers 121,032 participants in Iowa, 192x the typical Iowa plan (state average ~632 per filing). Assets: $651M.

$651M
total plan assets (2024 EOY): 121,032
covered participants: 98th
percentile by assets (of 116,472 plans): $5,378
avg assets per participant

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.

See the national 2023→2024 release diff →

State

Iowa

Industry

Finance & Insurance

Participants vs Iowa filers

In Iowa, the average filing covers about 632 participants across 1,162 plans. Principal Ease 401(k) Plan reports 121,032 participants - 192x that state average ($651M EOY assets).

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)

Total plan assets by year, all Principal Life Insurance Company plans on file

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.

Principal Ease 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants

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

Compare Principal Ease 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Principal Ease 401(k) Plan by total assets, not by location.

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

Frequently Asked Questions

How did Principal Ease 401(k) Plan assets move in 2024? ▼

Principal Ease 401(k) Plan surged - up 69.4% during 2024, from $384M to $651M. Reported net income was $144M.

How have Principal Life Insurance Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Principal Life Insurance Company's sponsor-wide assets grew 130.3%, from $742M to $1.7B.

Where does Principal Ease 401(k) Plan rank by assets among Form 5500 filers? ▼

Principal Ease 401(k) Plan ranks in the 98th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Principal Ease 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Ingredion Incorporated Retirement Savings Plan for Salaried Employees in IL ($651M, 1,993 participants).

Next read for Principal Ease 401(k) Plan

Filing takeaways

Ways to act on Principal Ease 401(k) Plan's numbers.

By total assets, Principal Ease 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
Principal Life Insurance Company's sponsor-wide assets have grown 130.3% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 420127290.

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.