Multi-plan retirement services for your healthcare organization

Retirement expertise for health care organizations

Building powerful retirement plans tailored to the financial needs of the health care industry

See how data can drive decisions

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Retirement plan design consulting for health care organizations

Using ownership structure and tax status to design a retirement plan that helps all health care workers.

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Health care retirement plans are the heart of our business1

  • Serving nearly 5,000 health care plans
  • 1.5 million participants
  • Over $45 billion in managed assets
  • Over 300 hospital plan sponsors
  • SOC2 aligned with HIPAA

Find a partner

You want what’s best for your team members—including a better retirement.

Health care workers are in unprecedented demand. Team members often find themselves juggling exhausting schedules, dealing with mental stress, student loan debt, and other financial commitments and personal obligations—all while trying to stay healthy.

A doctor providing a checkup to a young child

Through our award-winning planning tools and financial wellness resources—like virtual 1:1 consultations and education sessions—we help make it simpler and more convenient for your team members to manage their financial future.

No-cost tools you can use with confidence and confidentiality.

We offer a host of award-winning planning tools and resources to help get your team members on the path to financial wellness. Don’t just take our word for it, click on each tile to demo the experience.

Participant onboarding

The simple and quick way for team members to enroll in their retirement plan and get started on saving.

Legal document support

Shows how to prepare documents such as a will and health care power of attorney—all at no additional cost.

Principal® mobile app

Streamlined for on-the-go account management and to keep track of progress (also available in Spanish).

Participant webinar series

Award-winning webinar series that presents foundational financial knowledge on a variety of topics participants want to learn more about.3

Financial wellness resources

Unbiased financial education and student loan repayment program (through partnership with Enrich and SoFi).
Doctor reviewing patient notes

Let us help you build a robust retirement offering.

Today’s times have redefined the Health Care industry and brought new challenges—increased legislative regulations, privacy concerns and other cyber security threats, mergers and acquisitions, attracting and retaining team members, and much more.

When it comes to managing large, multi-faceted tax-exempt (403(b)), for-profit (401(k)), defined benefit, and nonqualified retirement plans, our team of seasoned specialists have in-depth expertise of your industry’s unique complexities and needs.

We can help solve your plan administration challenges with scale and simplicity.

In addition, we built Principal Custody Solutions. With nearly $1 trillion dollars under custody, we know what it takes to put your institutional trust and custody needs front and center.4

#1

Defined benefit plan service provider5

#1

Nonqualified plan service provider6

#1

ESOP service provider7

#4

Pension risk transfer provider9

#4

Defined contribution service provider8

Award-winning industry recognition and client campaigns:

  • Recognized top provider of holistic financial wellness programs.10
  • Our participant website has won awards in the following: Education, retirement planning, calculators, tools, and transactions.11
  • Plan sponsor website ranked #1 out of more than 30 websites evaluated.12
  • A top 5 Advisors' Choice, large-market plans ($100M - $250M): Participant statement, education materials, and Wellness.13
  • A top Advisors' Choice, mega market plans (> $250M): Plan health, education materials, and multi-lingual capabilities.14

Our corporate and community commitment:

  • Best Places to Work for Disability Inclusion with a score of 100%.15
  • 2023 top 100 most sustainable company in America.16
  • Included in Forbes Best Employers for Women.17
  • One of America’s Best Employers for Diversity.18
  • Principal® is proud to be named on the Forbes list of America's Most Cybersecure Companies, highlighting our commitment to keep access to our customers' assets and personal information secure.
Graphic overlay of vibrant wires on top of a far-away view of skyscrapers.

Customer-first technology

Our modern, agile approach allows us to better serve businesses and participants by delivering hyper-personalized experiences. An unwavering emphasis on cybersecurity roots every decision.

See our vision

Comprehensive business solutions

Employee retirement plans

Stay competitive with key retirement benefits, like 401(k) and 403(b) plans, deferred compensation, and more solutions that help attract high-quality employees—and keep them.
  1. As of Dec. 31, 2023.
  2. 4.8 star iOS App Store rating and 4.7 star Google Play Store rating as of March, 2023. Standard data rates may apply.
  3. Retirement, Outstanding Investor Communication in Retirement Education, Large Asset Class - Participant Webinars, Investment Management Education Alliance (IMEA) STAR Awards, November 2022.
  4. Assets under administration as of December 31, 2023
  5. Based on number of plans, PLANSPONSOR Defined Benefit Administration Survey, August 2023.
  6. Based on number of Section 409A plans, PLANSPONSOR NQDC Market Survey, 2023.
  7. Based on number of plans, 2023 PLANSPONSOR Recordkeeping Survey, July 2023.
  8. PLANSPONSOR Recordkeeping Survey, July 2023. Based on number of defined contribution plan participants.
  9. Based on 2023 PRT sales based on assets. Source: LIMRA, U.S. Group Annuity Risk Transfer Survey, Q4, 2023.
  10. ©Escalent. Cogent Syndicated, Retirement Plan Advisor Trends, October 2023.
  11. Corporate Insight, Retirement Plan Monitor Report, December 2023.
  12. Dalbar DC Web Monitor Program (Q3, 2023) September 30, 2023.
  13. National Association of Plan Adivors (NAPA), 2023 Advisors' Choice, Recordkeepers.
  14. National Association of Plan Adivors (NAPA), 2023 Advisors' Choice, Recordkeepers.
  15. Disability Equality Index (DEI), July 2023.
  16. Barron’s 2023 Top 100 Most Sustainable Company in America. 
  17. Ranked No. 186 on Forbes list of Best Employers for Women, July 2023.
  18. Ranked No. 461 on Forbes list of America's Best Employers for Diversity, April 2024.

The value-added resources provided through ARAG Services, LLC (ARAG®) and iGrad, Inc. (Enrich) are not a part of any insurance products and plan administrative services provided through Principal Life Insurance Co. or affiliated with any company of the Principal Financial Group®. All resources may be changed or canceled at any time. The use of resources provided by ARAG Services, LLC or Enrich should not be considered a substitute for consultation with an attorney or advisor. Principal® is not responsible for any loss, injury, claim, liability, or damages related to the use of the ARAG Will & Legal Document Center or Enrich resources.

Please remember that the ARAG legal documents, DIY Docs® are accurate and useful in many situations. Due to possible changes by a state, it is a good idea to periodically review a template used to be sure it is the most current template. Whether or not the document is right for you and your situation depends on your circumstances. If you want specific advice regarding your situation, consult an attorney.

Information is intended to be educational in nature and is not intended to be taken as a recommendation.

Retirement professionals provide education, which may be helpful in making personal retirement decisions. Responsibility for those decisions is assumed by the participant, not by any member of Principal®. Participants should regularly review their savings progress and post-retirement needs.

Insurance products and plan administrative services provided through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker-dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, Iowa 50392. Certain investment options may not be available in all states or U.S. commonwealths.

Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.

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