Introduction
Principal Financial Group
www.principal.comAssets ($MM) by Plan Type | ||||
---|---|---|---|---|
Ranked #8 | $219,900 | |||
401(k) | $147,736 | |||
403(b) | $14,459 | |||
457 | $1,471 | |||
NQDC | $4,496 | |||
All Other | $51,738 |
Participants by Plan Size | ||||
---|---|---|---|---|
Ranked #5 | 5,091,771 | |||
<$10MM | 1,828,771 | |||
$10MM – $50MM | 1,314,287 | |||
>$50MM – $200MM | 974,699 | |||
>$200MM – $1BMM | 586,574 | |||
>$1B | 387,440 |
Service Offerings | |
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New client restrictions | None |
Multiple service models | Yes |
Offers corporate trustee services | Yes |
Internal ERISA counsel | 5 ERISA attorneys & 2 legal assitants |
Will act as §3(16) fiduciary | Not reported |
Participant Services | |
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Call center hours | Weekdays: 6 a.m. - 8 p.m. ET |
Online chat support | No |
Mobile app | Yes |
Managed account options | Morningstar/Ibbotson |
Retirement Income | |
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Displays retirement income estimate on statements | Yes |
Offers in-plan guaranteed retirement income products | Yes |
Offers out-of-plan annuity bidding service | Yes |
Recordkeeping Platform Proprietary system |
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