Providers › Trustee and custodial
Service provider · Schedule C, plan year 2024
Principal Trust Company
Most often reported for trustee and custodial
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.
Principal Trust Company is named as a service provider on the Schedule C of 162 retirement plans with 100 or more participants for plan year 2024, covering 612,684 participant records. Most often it is reported for trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $16.5M. Per plan, the median was $46.17 per participant, with the middle half of plans between $18.71 and $106. 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 (13), Minnesota (12) and Texas (10).
In 2021 it appeared on 21 such filings; in 2024, 166. 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 | $18.71 | $46.17 | $106 |
| Compensation as a share of plan net assets | 0.02% | 0.05% | 0.13% |
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 |
|---|---|---|---|---|---|
| Wells Fargo & Company Cash Balance Plan | Wells Fargo & Company | MN | 165,927 | $8.25B | $1.7M |
| Verizon Pension Plan for Associates | Verizon Communications Inc. | NJ | 37,982 | $5.70B | $59K |
| Verizon Management Pension Plan | Verizon Corporate Services Group Inc. | NJ | 34,802 | $1.64B | $15K |
| Twin City Hospitals - Minnesota Nurses Association Pension Plan | Pension Committee Under Twin City Hospitals - Minnesota Nurses | MN | 33,805 | $2.38B | $125K |
| Navy Federal Credit Union Employees' Retirement Plan | Navy Federal Credit Union | VA | 24,268 | $2.06B | $160K |
| Ameriprise Financial 401(k) Plan | Ameriprise Financial, Inc. | MN | 12,302 | $3.62B | $190K |
| Valero Energy Corporation Pension Plan | Valero Energy Corporation | TX | 11,896 | $2.63B | $182K |
| Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees | Xcel Energy Inc. | MN | 11,750 | $1.24B | $202K |
| Land O'Lakes, Inc. Employee Retirement Plan | Land O'Lakes, Inc. | MN | 9,990 | $860M | $34K |
| Ameriprise Financial Retirement Plan | Ameriprise Financial, Inc. | MN | 8,972 | $922M | $106K |
| Jeld-Wen, Inc. Restated Pension Plan | Jeld-Wen, Inc. | NC | 8,901 | $262M | $184K |
| Western Connecticut Health Network Pension Plan | Western Connecticut Health Network, Inc. | CT | 8,631 | $922M | $611K |
| Western Washington Painters Defined Contribution Pension Plan | Board of Trustees, W. Wa Painters Defined Contribution Pension Plan | WA | 8,264 | $262M | $42K |
| Csaa Insurance Group Cash Balance Retirement Plan | Csaa Insurance Services, Inc. | CA | 8,001 | $754M | $63K |
| McKee Foods Retirement Plan | McKee Foods Corporation | TN | 7,820 | $1.08B | $87K |
| Upstate New York Engineers Pension Fund | BD of Trust Upstate New York Engineers Pension Fund | NY | 6,843 | $454M | $44K |
| Construction Industry and Laborers Joint Pension Trust for So Nevada, Plan a | Con Ind & Laborers Joint Pension Trust Board of Trustees | NV | 6,608 | $651M | $67K |
| Ceridian Retirement Plan | Dayforce US, Inc. | MN | 6,598 | $319M | $384K |
| New Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees | Xcel Energy Inc. | MN | 6,472 | $860M | $201K |
| Riverside Health System Retirement Income Plan | Riverside Managment Services, Inc. | VA | 6,235 | $539M | $341K |
| Southwire Company Hourly Pension Plan | Southwire Company, LLC | GA | 6,136 | $145M | $175K |
| Visa Retirement Plan | Visa Inc. | CA | 5,844 | $1.29B | $267K |
| Construction Industry and Laborers Defined Contribution Pension Plan | Const Ind & Laborers Defined Contribution Pension Plan | NV | 5,091 | $30.7M | $7,110 |
| Zurn Pension Plan | Zurn LLC | WI | 5,087 | $200M | $513K |
| Valley Health System Merged Defined Benefit Plan | Valley Health System | VA | 4,463 | $318M | $45K |
| Trinity Industries, Inc. 401(k) Plan As Restated Effective August 1, 2020 | Trinity Industries, Inc. | TX | 4,357 | $385M | $26K |
| Bashas' Employees Defined Benefit Pension Plan and Trust | Raley's Arizona LLC | CA | 4,265 | $127M | $190K |
| Community Hospitals of Central California Pension Plan | Community Hospitals of Central California | CA | 4,096 | $278M | $92K |
| The Depository Trust & Clearing Corporation Retirement Plan | The Depository Trust & Clearing Corporation | NJ | 4,064 | $722M | $760K |
| Smart & Final Pension Plan | Smart & Final Pension Plan | CA | 3,875 | $169M | $119K |
| Pension Plan of Independence Blue Cross | Independence Blue Cross, LLC | PA | 3,786 | $686M | $119K |
| Dover Corporation Pension Plan | Dover Corporation | IL | 3,735 | $372M | $135K |
| Regal Beloit America, Inc. Pension Plan | Regal Beloit America, Inc. | WI | 3,575 | $155M | $235K |
| Clopay Ames Pension Plan | The Ames Companies, Inc. | FL | 3,527 | $132M | $255K |
| The Auto Club Group Cash Value Plan Pension Plan | Auto Club Insurance Association | MI | 3,483 | $492M | $147K |
| Smiths Group Pension Plan | Smiths Group Services Corporation | DC | 3,455 | $236M | $60K |
| The Employees' Profit-Sharing Plan of Utility Trailer Manufacturing Company and Affiliated Companies | Utility Trailer Manufacturing Company, LLC | CA | 3,225 | $444M | $47K |
| PMC Business Pension Plan | Land Newco, Inc. | WI | 3,180 | $136M | $176K |
| Retirement Plan for Employees of Multicare Health System | Multicare Health System | WA | 3,163 | $483M | $115K |
| Kone Inc. Employees' Retirement Plan | Kone Inc. | IL | 3,058 | $166M | $83K |
Questions and answers
How many plans does Principal Trust Company serve?
162 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 Trust Company?
The median plan reported $46.17 per participant in direct and indirect compensation (162 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 Trustee (bank, trust company, or similar financial institution) (121 plans), Custodial (securities) (39 plans), Recordkeeping and information management (37 plans) and Trustee (directed) (31 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.