This website is intended to be educational in nature and is not intended to be taken as a recommendation.
Principal Financial Group closed the acquisition of certain assets of the Wells Fargo Institutional Retirement and Trust business (IRT) on July 1, 2019. The transition, transfer, and conversion of IRT business operations, employees, and clients will occur over the following 12-24 months. During the transition period, Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company, will continue to operate and service the IRT business for the benefit of Principal®, including providing recordkeeping, trustee, and/or custody services.
Wells Fargo has not reviewed the content of the attached material and makes no judgment of its accuracy.
Principal Global Investors leads global asset management and is a member of the Principal Financial Group®.
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1 As of Dec. 31, 2019.
2 Data for the trailing twelve months ended December 31, 2019, unless otherwise noted. For latest and additional information, visit principal.com.
3 PLANSPONSOR Recordkeeping Survey, July 2019. Principal and Wells Fargo IRT combined Plansponsor.com data as of July 2019. Future market share is subject to change and won’t be updated until next release of applicable data.
4 Based on number of plans, PLANSPONSOR DB Administration survey, May 2019. Principal and Wells Fargo IRT combined Plansponsor.com data and future market share is subject to change which won’t be updated until next release of applicable data.
5 Based on number of plans, PLANSPONSOR Recordkeeping Survey, July 2019.
6 PLANSPONSOR NQDC Market Survey, December 2019.
7 Based on single premium product sales, Q3 2019 LIMRA GART Report.
8 Forbes, April 2019.
9 Ethisphere Institute, Feb. 2019.
10 2019 Working Mother 100 Best Companies, Sept. 2019.
11 IDG’s Computerworld 100 Best Places to Work in IT for 18 consecutive years, ranking 21st in 2018, June 2019.
12 Scored 100 out of 100 on the Human Rights Campaign Foundation Corporate Equality Index for support of lesbian, gay, bisexual, transgender and queer equality in the workplace, March 2019.
13 Escalent, Cogent Syndicated, Retirement Plan Advisor TrendsTM, October 2019.
14 2019 PLANSPONSOR DC Survey, Jan. 2020.
16 Pensions & Investments, “The Best Places to Work in Money,” 2019.
17 Forbes, July 2019