2020
Defined Benefit Administration Survey

Providers

Principal Financial Group

DB CLIENT OVERVIEW
Total DB admin clients1941
Full outsourcing100%
DB and DC clientsNR
DB PLAN OVERVIEW
Total DB plans2,677
Frozen plansNR
Cash balance plans4%
With <100 participants82%
With >5,000 participants1%
DB PARTICIPANT OVERVIEW
Total Participants434,408
Private/Corporate295%
Public/Government3%
Retired participants35%
All interactions on web0%
SPONSOR SERVICES OFFERED
Plan accounting / Master trustI
Trust and custody servicesI
Actuarial servicesI
Investment managementI
Liability-driven investingI
Investment consultingI
PARTICIPANT ONLINE SERVICES
Online initiation
Online elections
E-form processing
Online inquiry status
I = Internal; E = External; P = Partnership; = Supports service as of publication date; NR = Not Reported in time for publication
Footnote:
1Includes both full outsourcing and partial outsourcing/co-sourcing arrangements; excludes investment-only, actuary-only and plan-consulting-only clients.
2 Includes both single-employer and multi-employer/Taft-Hartley plans.