Wilshire support services
Wilshire fiduciary support services
Optional ERISA 3(21) and 3(38) fiduciary services

Through our relationship with Wilshire Advisors LLC (Wilshire®), plans of all sizes have access to institutional quality research and fiduciary mitigation expertise. When your client opts in to one of Wilshire’s fiduciary services, they delegate responsibilities—based on the level of support chosen—for lists, lineups, investment selection and monitoring to Wilshire.

  • Wilshire 3(21) and 3(21) auto-execute

    Wilshire prudently selects investment options to create a Select List from which the plan fiduciary can choose an investment lineup for a plan. Investment options receive 3(21) fiduciary coverage from Wilshire. Plan sponsors can still choose investment options that are not on the Select List, but those investment options do not receive fiduciary coverage.

  • Wilshire 3(38)

    When clients select this service, Wilshire has complete discretion to prudently pick the investment options for the plan lineup, monitor, and make changes. As a 3(38) fiduciary with discretionary control over the investments, Wilshire will also be the plan’s 3(21) fiduciary. Plan fiduciaries maintain responsibility for selecting and monitoring Wilshire.

    All financial professionals (based on broker dealer approval) have the option of offering Wilshire services to their clients. Wilshire services have additional fees.

Learn more

To get started, contact your local Principal® representative or support team:

Call us at  800-952-3343

Email our Advisor Support Team

Important information
Carefully consider the Fund’s objectives, risks, charges, and expenses. Contact your financial professional or visit principal.com for a prospectus, or summary prospectus if available, containing this and other information. Please read it carefully before investing.

Wilshire® is a registered service mark of Wilshire Advisors LLC, Santa Monica, California. All other trade names, trademarks, and/or service marks are the property of their respective holders.

Wilshire is not an affiliate of any member company of the Principal Financial Group®.

Principal Life does not act as an ERISA 3(21) or 3(38) fiduciary under the Wilshire-provided fiduciary services.

For full terms and conditions please see the Investment Fiduciary Support and Services Terms and the ERISA 3(38) Service for Defined Contribution Plans – Fiduciary Service Agreement document for more information about the support and services, including the Definitions, Duties and Obligations.

Investment and insurance products are:

  • Not insured by the FDIC or any federal government agency
  • Not a deposit or other obligation of or guaranteed by credit union or bank
  • Subject to investment risks, including possible loss of the principal amount invested

Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Small and mid-cap stocks may have additional risks including greater price volatility. Fixed-income investments are subject to interest rate risk; as interest rates rise their value will decline. International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards.

Insurance products and plan administrative services provided through Principal Life Insurance Co. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker-dealers. Principal Funds Distributor, Inc. and Principal Securities® are members of the Principal Financial Group®, Des Moines, Iowa 50392. Investment options may not be available in all states or U.S. commonwealths. Separate Accounts are available through a group annuity contract with Principal Life Insurance Company. See the group annuity contract for the full name of the Separate Account. Principal Life Insurance Company reserves the right to defer payments or transfers from Principal Life Separate Accounts as permitted by the group annuity contracts providing access to the Separate Accounts or as required by applicable law. Such deferment will be based on factors that may include situations such as: unstable or disorderly financial markets; investment conditions which do not allow for orderly investment transactions; or investment, liquidity, and other risks inherent in real estate (such as those associated with general and local economic conditions). If you elect to allocate funds to a Separate Account, you may not be able to immediately withdraw them.