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Company:
Principal Life Insurance Company
Plan:
The Principal Select Savings Plan for Employees
 

Principal Life Insurance Company

75 Plan:

 
 
75
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?]
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.

 

 Comments

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

Address711 High Street
Des Moines, IA 50392
IndustryDirect Life, Health, & Medical Insurance & Reinsurance Carriers
Net Plan Assets$867,000,000
Total Participants17,000
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%

 Plan Service Providers

Insurance Carrier Principal Life
Auditor Ernst & Young
Administration Principal Life

 Plan Data Vault

Plan Data Vault

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