Full Service Retirement Planning

The larger a company grows, the more critical offering retirement benefits becomes to its success. Principal® has more than 75 years of experience offering retirement plan services to companies large and small.

Defined Contribution (DC) Plans

Principal is a leading service provider of defined contribution plans (retirement plans where the contribution, but not the end benefit, is defined) with more than $149 billion in plan assets under management.2 We support everything from plan design and recordkeeping to fiduciary needs, compliance testing, enrollment assistance, and much more for:

  • 401(k), 403(b), 401(a), KSOP
  • For-profit, tax-exempt, governmental, union
  • Startup through institutional-sized plans
  • Bundled or third-party administrator (TPA) service arrangements

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Defined Benefit (DB) Plans

While fewer employers are offering defined benefit pension plans, there are still 44,300 DB plans in the United States.3 As the number 14 provider of DB plans, we have more than 70 years of experience. That coupled with our deep actuarial consulting expertise can help you answer some of the top questions DB plan sponsors are asking right now. We offer a full range of services and solutions:

  • Traditional DB plans—active or frozen
  • Cash balance plans—active or frozen
  • DB plan terminations
  • Full-service solution or unbundled arrangements (outside actuary, third-party administrator, and/or Registered Investment Advisor)
  • Mutual fund or separate account investment platforms

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Nonqualified (NQ) Plans

Designed for highly compensated key employees, nonqualified deferred compensation (NQDC) plans are employer-sponsored benefits that address retirement and other savings needs. NQDC plans, with some exceptions such as 457(b) plans, must comply with the rules of Section 409A of the Internal Revenue Code generally applying to the timing of deferrals and distributions.

For decades, Principal has committed specialized resources to our nonqualified solutions. We help you help your clients by providing everything needed in one place—innovative plan design, multiple financing options, implementation, and plan administrative services for:

  • Many types of deferred compensation plans
  • Supplemental retirement plans

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Employee Stock Ownership Plans (ESOP)

An Employee Stock Ownership Plan (ESOP) is a type of qualified retirement plan that can help a business buy out one or more owners, give employees a retirement benefit, raise capital, or build debt capacity. Principal is the number 1 recordkeeper of ESOPs.1 We have experience helping many business owners create an exit strategy or achieve other business goals while providing a retirement benefit for employees through an ESOP.

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Principal Total Retirement Suite

Through the Principal Total Retirement SuiteSM, Principal helps plan sponsors with multiple retirement plans streamline their program. Combining services under a single service provider, or total retirement outsourcing (TRO), can reduce the administrative burden for the sponsor and give participants a more comprehensive view of their retirement plan benefits.

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Contact our advisor support team
RetirementSalesSupportTeam@exchange.principal.com or call 800-952-3343.

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1 As of 12/31/14.
Based on number of recordkeeping plans, PLANSPONSOR Recordkeeping Survey, June 2014.
3 Retirement Research Inc., April 2014.
4 PLANSPONSOR DB Administration survey, July 2014.
5 PLANSPONSOR As of 9/30/2014.
6 The Principal® is ranked “Best in Class” for actuarial consulting skills and services, including providing guidance to effectively manage my DB plan, Chatham Partners 2013 Client Satisfaction Survey