1 Top 3 defined contribution provider by number of participants, according to the annual PLANSPONSOR Defined Contribution Recordkeeping Survey, July 2021.
2 No. 1 ESOP provider by number of plans, according to the annual PLANSPONSOR Defined Contribution Recordkeeping Survey, July 2021.
3 No. 1 defined benefit recordkeeper by number of plans, according to the annual PLANSPONSOR Defined Contribution Recordkeeping Survey, May 2021.
4 No. 1 non-qualified provider based on total number of Section 409A plans, according to the annual PLANSPONSOR Defined Contribution Recordkeeping Survey, July 2021.
5 No. 3 Pension risk transfer provider. Based on total PRT assets, LIMRA Secure Retirement Institute, as of 12/31/2019.
6 According to the annual PLANSPONSOR Defined Contribution Recordkeeping Survey, July 2021.
About Principal Financial Group®
Principal Financial Group® (Nasdaq: PFG) is a global financial company with 18,000 employees7 passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping more than 45.5 million customers8 plan, insure, invest, and retire, while working to support the communities where we do business, improve our planet, and build a diverse, inclusive workforce. Principal® is proud to be recognized as one of the World’s Most Ethical Companies9, a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management10.” Learn more about Principal and our commitment to sustainability, inclusion, and purpose at principal.com.
7 As of June 30, 2020.
8 As of June 30, 2020.
9 Ethisphere Institute, 2021.
10 Pensions & Investments, 2020.
Custody and trust services are provided by Principal Bank®, Member FDIC, and/or Principal Trust Company®. These services are provided under the trade name Principal® Custody Solutions, a division of Principal Bank. Principal Trust Company is a trade name of Delaware Guarantee & Trust Company. Principal Bank and Principal Trust Company are members of the Principal Financial Group®, Des Moines, Iowa 50392.
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 integration of IRT business operations, employees, and clients is scheduled to occur by March 2022. 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.
Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., 800-247-1737, member SIPC and/or independent broker/-dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, Iowa 50392. Principal Global Investors leads global asset management and is a member of the Principal Financial Group®.