Plan5500

2023 Form 5500 filing — Principal Ease 401(K) Plan

Plain-English filing summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240906141201NAL0000631091001) for Principal Ease 401(K) Plan, reported by Principal Life Insurance Company under EIN 42-0127290 and plan number 334. It reports 74,921 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

EFAST2 acknowledgement
20240906141201NAL0000631091001
Filing year
2023
Form type
3
Plan sponsor
Principal Life Insurance Company
EIN
42-0127290
Plan number
334
Location
Des Moines, IA
Participants
74,921
Schedules available
Schedule H, Schedule C
Received date
not reported in the loaded dataset

Reported financial snapshot (2023)

Total assets (EOY)
$384,157,839
Total liabilities (EOY)
$0
Net assets (EOY)
$384,157,839
Employer contributions
$24,728,831
Participant contributions
$62,308,766
Total income / additions
$155,526,475
Benefits paid
$33,172,441
Administrative expenses
$2,779,107
Total expenses
$36,416,770
Net increase / (decrease)
$119,109,705
Schedule source
Schedule H

Reported service provider compensation (Schedule C)

Compensation reported on the 2023 filing
ProviderServiceDirect comp.Indirect comp.
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$2,479,526$0
Principal Securities IncOTHER SERVICES$0$89,286
Ameriprise Financial Services IncOTHER SERVICES$0$50,238
Sagepoint Financial IncCONSULTANT$25,353$9,488
New York Life SecuritiesOTHER SERVICES$0$33,732
Lpl Financial LLCOTHER SERVICES$0$32,144
Lpl Financial LLC - RpcpINVESTMENT ADVISORY$27,112$4,621
Park Avenue SecuritiesINVESTMENT ADVISORY$1,382$29,675
Northwestern Mutual Investment ServOTHER SERVICES$0$30,825
Global Retirement Partners LLCINVESTMENT ADVISORY$24,563$88
Fbl Marketing Services, LLCINVESTMENT ADVISORY$672$18,962
Sanctuary Securities IncOTHER SERVICES$0$19,477
Sima Retirement Solutions, LLCINVESTMENT ADVISORY$19,071$9
Ameriprise Financial Services LLCINVESTMENT ADVISORY$18,624$32
Ameriprise Financial Services IncINVESTMENT ADVISORY$27$18,529
Wells Fargo Advisors Fin NetworkINVESTMENT ADVISORY$16,660$151
Cambridge Investment Research AdvisINVESTMENT ADVISORY$13,274$7
Osaic Wealth, Inc.CONSULTANT$11,155$1,716
Woodbury Financial ServicesINVESTMENT ADVISORY$285$12,133
Insero & CoACCOUNTANT$12,000not reported in the loaded dataset
Mml Insurance Agency LLCOTHER SERVICES$0$11,239
National Benefit Services, LLCCONTRACT ADMINISTRATOR$9,744$1,356
Wilmington Trust N A.INVESTMENT ADVISORY$9,939not reported in the loaded dataset
Sax Wealth Advisors, LLCINVESTMENT ADVISORY$9,853$2
Truist Investment Services IncOTHER SERVICES$0$9,570
Cadaret Grant & CoINVESTMENT ADVISORY$8,364$56
Securian Financial Services IncOTHER SERVICES$0$7,956
Alera Investment Advisors LLCINVESTMENT ADVISORY$7,720$12
Cetera Advisor Networks Insurance SOTHER SERVICES$0$7,453
Sanctuary Advisors, LLCINVESTMENT ADVISORY$7,137$4
Girard Advisory Services, LLCINVESTMENT ADVISORY$6,980$1
Valmark Securities IncINVESTMENT ADVISORY$6,844$0
John MarchettiINVESTMENT ADVISORY$6,764not reported in the loaded dataset
Kestra Advisory Services, LLCINVESTMENT ADVISORY$6,343$8
Wells Fargo Clearing Services LLCINVESTMENT ADVISORY$6,185$2
Client One SecuritiesINVESTMENT ADVISORY$5,670$5
Gwn Securities Inc.OTHER SERVICES$0$5,667
Kestra Investment Services LLCOTHER SERVICES$0$4,907
Bell-Anderson Agency, Inc.OTHER SERVICES$0$4,893
Stifel Nicolaus & Company IncINVESTMENT ADVISORY$3,133$1,733
Morningstar Investment Mgmt LLCINV ADV, PARTICIPANTS$0$0
Wilshire Advisors LLCINVESTMENT ADVISORY$0$0

Related Form 5500 pages