Providers › Investment advisory and management
Service provider · Schedule C, plan year 2024
Principal Financial Group
Most often reported for investment advisory and management
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
For plan year 2024, 95 retirement plans with 100 or more participants reported paying Principal Financial Group $5,000 or more. Those plans cover 236,161 participant records, and the service most often reported is investment advisory and management.
Reported compensation from those plans, direct and indirect, totalled $3.4M. Per plan, the median was $32.98 per participant, with the middle half of plans between $13.96 and $55.09. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in Pennsylvania (13), Texas (10) and Illinois (9).
In 2012 it appeared on 7 such filings; in 2024, 97. Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $13.96 | $32.98 | $55.09 |
| Compensation as a share of plan net assets | 0.02% | 0.05% | 0.09% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| First Student, Inc. Retirement Savings Plan | Firstgroup America, Inc. | OH | 51,842 | $328M | $18K |
| Lumen 401(k) Savings Plan | Lumen Technologies, Inc. | LA | 37,308 | $7.29B | $842K |
| GMP & Employers Pension Plan | GMP & Employers Pension Plan | OH | 12,939 | $565M | $163K |
| National Production Workers Union Severance Trust Fund | Trustees of National Production Workers Union Severance Trust Fund | IL | 9,002 | $8.5M | $8,612 |
| International Union of Operating Engineers Pension Fund of Eastern Pennsylvania and Delaware | International Union of Operting Eng. Pen Fund of E.pennsylvania and de | PA | 7,393 | $1.06B | $107K |
| Connecticut Laborers' Annuity Plan | Connecticut Laborers Annuity Fund Board of Trustees | CT | 7,097 | $274M | $11K |
| Connecticut Laborers' Pension Plan | Connecticut Laborers' Pension Fund Board of Trustees | CT | 7,019 | $600M | $35K |
| Lumber Industry Pension Plan | Board of Trustees, Cic-Forest Products Retirement | WA | 6,160 | $255M | $24K |
| Cic-Toc Pension Plan | Board of Trustees, Cic-Forest Products Retirement | WA | 5,836 | $183M | $31K |
| Professional Case Management 401(k) Plan | Act for Health DBA Professional Case Management | CO | 5,586 | $9.5M | $0 |
| International Union of Painters and Allied Trades District Council No. 21 Annuity Fund | International Union of Painters & Allied Trades DC No. 21 Annuity Fund | PA | 5,178 | $219M | $50K |
| Defined Benefit Pension Plan of Agc-Iuoe Local 701 Pension Trust Fund | Board of Trustees Agc-Iuoe Local of Agc-Iuoe Local 701 Pension Trust | WA | 5,157 | $358M | $9,204 |
| Old Republic International Employees Retirement Plan | Old Republic International Corp. | IL | 4,693 | $519M | $45K |
| Cic Defined Contribution Retirement Plan | Board of Trustees, Cic-Forest Products Retirement TR | WA | 3,787 | $86.3M | $14K |
| The Employee Retirement Plan of Group Health Plan, | Group Health Plan, Inc. | MN | 3,740 | $817M | $81K |
| Roseburg Forest Products Co. and Western States Regional Council of Carpenters Pension Plan | Roseburg Forest Products Co. and Western States Regional Council | OR | 3,532 | $237M | $116K |
| Francesca's Acquisition 401(k) Plan | Francesca's Acquisition, LLC | TX | 2,979 | $7.4M | $0 |
| Retirement Plan of Murphy Oil Corporation | Murphy Oil Corporation | TX | 2,852 | $397M | $31K |
| St. Lukes-Roosevelt Hospital Center Employees' Pension Plan | St. Lukes-Roosevelt Hospital Center | NY | 2,483 | $132M | $128K |
| McWane Hourly Pension Plan | McWane, Inc. | AL | 2,311 | $134M | $6,177 |
| Teamsters Local 830 Pension Plan | Teamsters Local 830 Pension Plan | PA | 2,247 | $188M | $75K |
| Franklin Electric Co., Inc. Pension Plan | Franklin Electric Co., Inc. | IN | 2,128 | $101M | $115K |
| Pension Fund for Nursing and Health Care Employees | Pension Fund for Nursing and Health Care Employees | PA | 2,102 | $72.5M | $16K |
| Upgrade Inc. 401(k) Plan | Upgrade Inc. | CA | 2,078 | $54.5M | $0 |
| McWane Pension Plan for Salaried Employees | McWane, Inc. | AL | 2,049 | $210M | $138K |
| The Retirement Income Plan for Employees of Ul LLC | Ul LLC | IL | 1,978 | $262M | $76K |
| Day and Zimmermann Ao/mhg Merged Pension Plan (Formerly Known As Retirement Plan for Bargaining Employees at Iaap) | American Ordnance, LLC C/o Iowa Army Ammunition Plant | PA | 1,840 | $88.3M | $132K |
| Nustar Pension Plan | Nustar Services Company LLC | TX | 1,441 | $159M | $52K |
| United States Sugar Corp. - Rip Retirement Income Plan | United States Sugar Corporation | FL | 1,353 | $30.0M | $29K |
| Good Samaritan Hospital Pension Plan | Good Samaritan Hospital | CA | 1,281 | $33.8M | $115K |
| Roseburg Forest Products Co. Retirement Plan | Roseburg Forest Products Co. | OR | 1,216 | $95.4M | $46K |
| Bridgeview Eye Partners Retirement Savings Plan | Bridgeview Eye Partners | IN | 1,131 | $24.3M | $0 |
| Jennie Edmundson Memorial Hospital Employee Retirement Plan | Jennie Edmundson Memorial Hospital | IA | 1,071 | $47.0M | $25K |
| Local 108 Retirement Plan | Board of Trustees Local 108 Retirement Plan | NJ | 1,058 | $28.5M | $21K |
| Wilson Electric Services Corp. Employee Stock Ownership Plan | Wilson Electric Services Corp. ESOP | AZ | 1,044 | $256M | $47K |
| Envision Aesc US, LLC 401(k) Plan | Envision Aesc US, LLC | TN | 1,038 | $29.9M | $0 |
| Envision Aesc US, LLC 401(k) Plan | Envision Aesc US, LLC | TN | 1,038 | $29.9M | $0 |
| Elbit Systems of America Pension Plan for Employees in the Night Vision Bargaining Unit | Elbit Systems of America, LLC | TX | 1,022 | $83.0M | $41K |
| N.e.c.a.-I.b.e.w. Local Union No. 35 Pension Fund | BD of Trustees -N.e.c.a.-I.b.e.w. Local Union No. 35 Pension Fund | CT | 979 | $84.7M | $27K |
| Sheet Metal Workers' Local No. 40 Pension Fund | Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund | NY | 976 | $55.9M | $9,628 |
Questions and answers
How many plans does Principal Financial Group serve?
95 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay Principal Financial Group?
The median plan reported $32.98 per participant in direct and indirect compensation (64 plans reporting an amount), or 0.05% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Investment management (37 plans), Trustee (bank, trust company, or similar financial institution) (25 plans), Custodial (securities) (17 plans) and Recordkeeping and information management (9 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.