Principal Life Insurance Company
Overview
Principal Life Insurance Company sponsors a self-funded health plan that covered 16,733 participants in plan year 2025. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 16,733 · prior year 356
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- The Principal Welfare Benefit Plan, plan 501 (16,733 participants)
- Broker compensation
- $206K across insured contracts
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 | Life, Long-term disability, Vision, Critical Illness, Short-term disability, Accident | 14,040 | $16.4M | $32K |
| Bluecross Blueshield of New Mexico | Medical, Dental | 374 | $2.6M | $114K |
| Nationwide Insurance | GAP Plan | 113 | $137K | $55K |
| Ace American Insurance Company | Short-term disability | 11,918 | $30K | $6K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 16,733 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 Life Insurance Company
- Sponsor EIN
- 42-0127290
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 42-0127290 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Principal Life Insurance Company'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 Life Insurance Company.