Principal Bank

Principal Bank at a glance

Principal Bank appears on 50 retirement plans in Form 5500 Schedule C filings through plan year 2024. Those plans hold $10.7B in assets for 108,771 participants. The median client plan holds $81.0M. Most client plans are sponsored in NJ, IL and OR. The largest clients by plan assets are Main Line Health, Inc., Pension Plan of Local 464A and International Union of Operting Eng. Pen Fund of E.pennsylvania and De. Plans reported $6.2M in direct and indirect compensation paid to Principal Bank, a median of $48K per plan.

Participants

108,771

Median plan assets

$81.0M

Median plan participants

718

Median fees per plan

$48K

Schedule C direct + indirect

Frequently asked questions

Who uses Principal Bank?

50 retirement plans list Principal Bank as a service provider on Schedule C of Form 5500. The largest clients by plan assets include Main Line Health, Inc., Pension Plan of Local 464A, International Union of Operting Eng. Pen Fund of E.pennsylvania and De, Les Schwab Warehouse Center, LLC and Nyse Group Inc.. Most client plans are sponsored in NJ, IL and OR.

How many plans does Principal Bank serve?

Principal Bank serves 50 retirement plans with $10.7B in plan assets and 108,771 participants, based on the latest Form 5500 filings through 2024.

What does Principal Bank charge?

Plans reported $6.2M in total Schedule C compensation paid to Principal Bank. The median plan paid $48K. Fees vary with plan size and the services each plan buys.