Principal Financial Group, Inc.
Overview
Principal Financial Group, Inc. sponsors a self-funded health plan that covered 6,902 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports dental, vision.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 6,902 · prior year 6,840
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Principal Financial Group, Inc., Section 125 Cafeteria PLA N, plan 514 (6,902 participants); The Principal Welfare Benefit Plan for Medicare Eligible Retirees, plan 513 (779 participants)
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Principal Life Insurance Company | Long Term Care | 291 | $214K | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 6,902 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Principal Financial Group, Inc.
- Sponsor EIN
- 42-1520346
- Plan numbers
- 514, 513
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 42-1520346 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Principal Cash Balance Plan
- Type
- Pension plan
- Participants
- 18,450
About this data
Source: Principal Financial Group, Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Principal Financial Group, Inc..