BrightScope Rating
Company:
Principal Life Insurance Company
Plan:
The Principal Select Savings Plan for Employees
Principal Life Insurance Company
75
Plan:
8
64
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (75) and the top rated plan (91) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $330,200 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
The Principal Select Savings Plan for Employees is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 75. This plan is in the top 35% of plans for Company Generosity, Salary Deferrals, Participation Rate, Investment Menu Quality, and Account Balances. The Principal Select Savings Plan for Employees currently has over 13,100 active participants and over $866.8M in plan assets.
Plan Details
| Address | 711 High Street Des Moines, IA 50392 |
| Industry | Direct Life, Health, & Medical Insurance & Reinsurance Carriers |
| Net Plan Assets | $867,000,000 |
| Total Participants | 17,000 |
| Avg Account Balance | $51,000 |
Top 3 Investment Holdings
| 1. | Principal US Property | 10% |
| 2. | Principal LargeCap S&P 500 Index | 9% |
| 3. | Principal Diversified International | 9% |
Other Companies in Peer Group
| CNA Financial | 78.6 |
| The Chubb | 75.9 |
| Massachusetts Mutual Life... | 73.8 |
| Aegon USA | 68.7 |
| Fidelity National Financial | 62.7 |
| NCO Financial Systems | 43.6 |
Plan Service Providers
| Insurance Carrier | Principal Life |
| Auditor | Ernst & Young |
| Administration | Principal Life |
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