People, expertise and services you can depend on.

As a leader in pension risk transfers (PRT), we can help your employees live their best lives in retirement.

The people who serve you and the financial strength of our company are what sets us apart.

We’ve been in the PRT business for 80 years because we have the service strength, industry knowledge, and expertise you can depend on.

Icon of a pie chart representing Principal's strength of services offered.

Strength of services

as of Dec. 31, 2020

$405,000,000+
Monthly periodic payments across
our group annuity products

$405,000+
Total number of lives in-pay status

766,000+
Total participants covered

89%+
of payments made via EFT

The Principal® difference is substantial

...when you consider the experience and expertise we bring to the table.

Underwriting and actuarial services team members with more than 20 years of experience.1

Members of our installation and contract writing services team have more than 13 years of experience.1

 

Employees average 19 years of experience in pension risk transfer administration.1

Breadth of industry knowledge

We currently provide services to more than 5,200 clients in all types of industries2  and can serve plans of all sizes and levels of complexity.

Principal's PRT plans by industry‚Äč3

24%

SERVICES

13%

TAX-EXEMPT

7%

TRADE

14%

FINANCE

13%

LABOR

29%

MANUFACTURING
  

We're a top 3 provider in pension risk transfer solutions.

A leader in defined benefit plans

Market leading total

retirement solutions

#1

Defined benefit

recordkeeper4
(number of plans)

Top 3

Defined contribution recordkeeper5 (number

of participants)

#1

Employee stock ownership plan provider

(number of plans)

#1

Nonqualified deferred compensation recordkeeper7 (number of 409A plans)

A company with a proven record.

We have the technology, expertise, and financial strength you can count on.

13+ million annual income payments sent8

Committed to paying nearly

$12 billion in guaranteed income payments annually8

1.9 million individuals receiving or have access to a guaranteed income8

13+ million annual income payments sent1

Committed to paying nearly

$12 billion in guaranteed income payments annually1

1.9 million individuals receiving or have access to a guaranteed income1

1As of 12/31/2019.

2,3As of Dec. 31, 2020.

4Defined Benefit: PLANSPONSOR DB Administration Survey 5/20

5,6Defined Contribution and ESOP: PLANSPONSOR Recordkeeping Survey 7/20

7Nonqualified Deferred Compensation: PLANSPONSOR Recordkeeping Survey 12/31/20

8As of 12/31/2020

 

1599687-042021

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Insurance products and plan administrative services provided through Principal Life Insurance Co. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker-dealers. Principal Life, Principal Funds Distributor, Inc. and Principal Securities are members of the Principal Financial Group®, Des Moines, Iowa 50392. 

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