Plan5500

Principal Cash Balance Plan — Form 5500 plan (Principal Financial Group, Inc.)

Plain-English plan 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, Principal Cash Balance Plan is a benefit plan reported by Principal Financial Group, Inc. under EIN 42-1520346 and plan number 005. The latest loaded filing year is 2023. The filing reports 18,231 participants and $1,699,129,128 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$1.7BPlan net assets, end of year$1,665,186,732
Participants18.2KCovered participants reported18,231
Assets / participant$93.2KComputed: assets ÷ participants$93,200 (computed)
Provider compensation$8.1M4 Schedule C provider row(s)$8,140,574
Plan sponsor
Principal Financial Group, Inc.
EIN
42-1520346
Plan number
005
Plan type
2
Location
Des Moines, IA
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    18,231 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$1.7B total assets
Net assets$1.7BLiabilities$33.9M
Money in vs. money out
Total income / additions$321.9M
Total expenses$201.1M
Benefits paid / distributions$191.1M
Contributions
Employer$55M
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$1,699,129,128
Total liabilities (EOY)
$33,942,396
Net assets (EOY)
$1,665,186,732
Net assets (BOY)
$1,544,305,575

Income & contributions

Employer contributions
$55,000,000
Total contributions
$55,000,000
Total income / additions
$321,938,176

Expenses & distributions

Benefits paid
$191,059,855
Administrative expenses
$9,997,164
Total expenses
$201,057,019
Net increase / (decrease)
$120,881,157
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income59%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Principal Global Investors$6M
    INVESTMENT ADVISORY · Direct $6M
  2. 2
    Principal Life Insurance Company$1.9M
    CONTRACT ADMINISTRATOR · Direct $1.9M · Indirect $0
  3. 3
    State Street$171.5K
    CONSULTANT · Direct $171.5K
  4. 4
    Idc$25.3K
    OTHER SERVICES · Direct $25.3K

What to inspect next

Frequently asked questions

Who sponsors the Principal Cash Balance Plan?
Principal Cash Balance Plan is reported as sponsored by Principal Financial Group, Inc. (EIN 42-1520346, plan number 005) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Principal Cash Balance Plan?
The latest Form 5500 filing year loaded for Principal Cash Balance Plan is 2023.
How many participants does Principal Cash Balance Plan report?
Principal Cash Balance Plan reports 18,231 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Principal Cash Balance Plan?
Principal Cash Balance Plan reports $1,699,129,128 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages