Providers › Recordkeeping and administration
Service provider · Schedule C, plan year 2024
Principal Life Insurance Company
Most often reported for recordkeeping and administration
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, 6,343 retirement plans with 100 or more participants reported paying Principal Life Insurance Company $5,000 or more. Those plans cover 8,885,037 participant records, and the service most often reported is recordkeeping and administration.
Reported compensation from those plans, direct and indirect, totalled $626M. Per plan, the median was $133 per participant, with the middle half of plans between $65.62 and $226. 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 California (498), New York (488) and Illinois (339).
In 2009 it appeared on 4,999 such filings; in 2024, 6,350 (up 27%). 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 | $65.62 | $133 | $226 |
| Compensation as a share of plan net assets | 0.13% | 0.26% | 0.46% |
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 |
|---|---|---|---|---|---|
| IAM National Pension Fund | Board of Trustees of the I.A.M. National Pension Fund | DC | 311,750 | $14.7B | $2.1M |
| Lowes 401(k) Plan | Lowe's Companies, Inc. | NC | 295,951 | $8.58B | $1.1M |
| Darden Savings Plan | Darden Restaurants, Inc. | FL | 210,222 | $1.59B | $1.7M |
| Allegis Group, Inc. Retirement Savings Plan Two | Allegis Group, Inc. | MD | 178,774 | $289M | $935K |
| Principal Ease 401(k) Plan | Principal Life Insurance Company | IA | 163,954 | $651M | $5.1M |
| I.A.T.S.E. Annuity Fund | Board of Trustees I.A.T.S.E. Annuity Fund | NY | 100,475 | $1.43B | $3.2M |
| Chipotle Mexican Grill, Inc. 401(k) Plan | Chipotle Mexican Grill, Inc. | CA | 96,636 | $293M | $816K |
| Chs/community Health Systems, Inc. Retirement Savings Plan | Chs/community Health Systems, Inc. | TN | 88,285 | $4.78B | $4.8M |
| Successwise Pooled Employer Plan | Plan Professionals, LLC | NJ | 77,246 | $1.47B | $4.3M |
| The Hy-Vee and Affiliates 401(k) Plan | Hy-Vee, Inc. | IA | 75,634 | $3.11B | $3.4M |
| The Adecco Group 401(k) Plan | Adecco, Inc. | FL | 70,422 | $874M | $989K |
| TCS 401(k) Plan | Tata America International Corporation | NJ | 60,401 | $2.36B | $1.7M |
| Freedom Care 401(k) Plan | Freedom Care LLC | NY | 59,785 | $23.4M | $485K |
| Ross Stores, Inc. 401(k) Savings Plan | Ross Stores, Inc. | CA | 59,286 | $1.01B | $659K |
| National Integrated Group Pension Plan | Board of Trustees of National Integrated Group Pension Plan | PA | 46,326 | $1.59B | $230K |
| Allegis Group, Inc. Retirement Savings Plan One | Allegis Group, Inc. | MD | 43,236 | $2.19B | $1.7M |
| Northside Hospital 403(b) Retirement Plan | Northside Hospital, Inc. | GA | 41,743 | $1.79B | $1.7M |
| Brookdale Senior Living Inc. 401(k) Retirement Savings Plan | Brookdale Senior Living Inc. | TN | 41,035 | $466M | $686K |
| Cardinal Health 401(k) Savings Plan | Cardinal Health, Inc. | OH | 40,800 | $4.76B | $1.4M |
| Sanford Retirement Savings Plan | Sanford | ND | 40,431 | $3.60B | $1.6M |
| American Express Retirement Savings Plan | American Express Company and Its Participating Subsidiaries | NY | 38,871 | $8.92B | $2.0M |
| Pilot Catastrophe Services, Inc. 401(k) Profit Sharing Plan | Pilot Catastrophe Services Inc. | AL | 38,839 | $155M | $309K |
| Advantage 401(k) Savings Plan | Advantage Sales & Marketing, LLC | MO | 38,285 | $765M | $1.2M |
| Casey's General Stores 401(k) Plan | Casey's General Stores Inc. | IA | 38,025 | $514M | $630K |
| Knight-Swift Transportation Holdings, Inc. Retirement Plan | Knight-Swift Transportation Holdings Inc. | AZ | 36,328 | $1.02B | $1.6M |
| Allegis Group, Inc. Retirement Savings Plan Three | Allegis Group, Inc. | MD | 35,418 | $251M | $317K |
| Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan | Magnit Global Solutions, Inc. | CA | 33,950 | $484M | $1.8M |
| Berkshire Hathaway Consolidated Pension Plan | Berkshire Hathaway Credit Corporation | NE | 33,094 | $4.96B | $13K |
| International Brotherhood of Electrical Workers District No. 9 Pension Plan | Board of Trustees, International Brotherhood of | OR | 32,974 | $2.47B | $132K |
| Pilot Travel Centers LLC 401(k) Plan | Pilot Travel Centers LLC | TN | 32,237 | $507M | $982K |
| The Magna Group of Companies Retirement Savings Plans | Magna International of America, Inc. | — | 31,327 | $2.47B | $2.3M |
| Kwik Trip Profit Sharing 401(k) Plan | Kwik Trip, Inc. | WI | 30,738 | $1.11B | $1.7M |
| Aveanna Healthcare 401(k) Plan | Aveanna Healthcare | GA | 28,132 | $234M | $738K |
| United Rentals 401(k) Investment Plan | United Rentals (North America), Inc. | CT | 27,666 | $2.27B | $1.6M |
| Stanley Black & Decker Retirement Account Plan | Stanley Black & Decker, Inc. | CT | 27,365 | $2.47B | $1.3M |
| Panera Bread Company 401(k) Retirement Savings Plan | Panera Bread Company | MO | 27,108 | $285M | $472K |
| New York Hotel Trades Council & Hotel Association of New York City, Inc. 401(k) Savings Plan | The Board of Trustees | NY | 26,852 | $813M | $736K |
| Norton Healthcare 403(b) Retirement Savings Plan | Norton Healthcare, Inc. | KY | 26,534 | $2.27B | $1.5M |
| Addus Healthcare, Inc. 401(k) Plan | Addus Healthcare, Inc. | IL | 26,436 | $48.2M | $263K |
| HCL America, Inc. 401(k) Plan | HCL America Inc. | CA | 25,624 | $1.49B | $1.6M |
Questions and answers
How many plans does Principal Life Insurance Company serve?
6,343 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 Life Insurance Company?
The median plan reported $133 per participant in direct and indirect compensation (6,327 plans reporting an amount), or 0.26% 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 Contract Administrator (6,204 plans), Participant loan processing (5,031 plans), Recordkeeping and information management (60 plans) and Trustee (bank, trust company, or similar financial institution) (46 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.