List of Principal Financial Group Retirement Recordkeeping Customers
Des Moines, 50392, IA,
United States
Since 2010, our global team of researchers has been studying Principal Financial Group Retirement Recordkeeping customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Principal Financial Group Retirement Recordkeeping for Retirement Recordkeeping from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Principal Financial Group Retirement Recordkeeping for Retirement Recordkeeping include: Lowe'S, a United States based Retail organisation with 270000 employees and revenues of $83.67 billion, Swinerton, a United States based Construction and Real Estate organisation with 4300 employees and revenues of $4.00 billion, First Financial Bank, a United States based Banking and Financial Services organisation with 2164 employees and revenues of $899.0 million and many others.
Contact us if you need a completed and verified list of companies using Principal Financial Group Retirement Recordkeeping, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The Principal Financial Group Retirement Recordkeeping customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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First Financial Bank | Banking and Financial Services | 2164 | $899M | United States | Principal Financial Group | Principal Financial Group Retirement Recordkeeping | Retirement Recordkeeping | 2024 | n/a |
In 2024, First Financial Bank engaged Principal Financial Group Retirement Recordkeeping to administer its employee retirement plan. The SEC 11-K discloses Principal Trust Company as the plan trustee, recordkeeper and custodian for the company, establishing Principal as the primary administrative authority for the plan.
Principal Financial Group Retirement Recordkeeping functions as the Retirement Recordkeeping platform, delivering core recordkeeping, trust administration and custodial services. The implementation covers pooled separate accounts and a guaranteed investment contract provided by Principal Life, indicating integrated investment vehicle management and contract accounting capabilities within the recordkeeping scope.
Operational coverage is limited to U.S. employee retirement plan administration and impacts HR and finance functions responsible for plan governance and reporting. Governance is anchored by Principal in its trustee and administrative roles, with trustee and administrative fees reported for the 2024 plan year in the filing.
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Lowe'S | Retail | 270000 | $83.7B | United States | Principal Financial Group | Principal Financial Group Retirement Recordkeeping | Retirement Recordkeeping | 2021 | n/a |
In 2021 Lowe's engaged Principal Financial Group Retirement Recordkeeping to provide Retirement Recordkeeping services for its U.S. 401(k) plan. Public filings identify Principal Life Insurance Company as the recordkeeper and recordkeeping vendor receiving recordkeeping payments in 2021, establishing the vendor relationship for participant account administration across Lowe's U.S. workforce.
Principal Financial Group Retirement Recordkeeping delivered core recordkeeping and participant services, encompassing participant account maintenance, transaction processing such as employee contributions and distributions, periodic account statements, and standardized plan reporting and compliance support. The implementation supported benefits and HR operational workflows for the 401(k) plan, aligning vendor activity with routine plan administration and participant servicing functions.
The engagement is cited in litigation materials that reference plan fees and recordkeeping payments, indicating that vendor compensation and fee arrangements were a material element of the documented dispute. Court filings specifically note Principal received recordkeeping payments in 2021, linking the Principal Financial Group Retirement Recordkeeping relationship to the legal review of plan fee practices.
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Swinerton | Construction and Real Estate | 4300 | $4.0B | United States | Principal Financial Group | Principal Financial Group Retirement Recordkeeping | Retirement Recordkeeping | 2019 | n/a |
In 2019, Swinerton implemented Principal Financial Group Retirement Recordkeeping to support its retirement plan administration within HR and finance. Court filings indicate John Hancock served as recordkeeper through January 31, 2019, when Principal Life Insurance Company took over as the plan recordkeeper, establishing a clear 2019 transition to Principal’s services.
The implementation of Principal Financial Group Retirement Recordkeeping centered on core Retirement Recordkeeping capabilities, including participant-level recordkeeping, contribution processing, compliance and fiduciary reporting, and participant communications and statements. Configuration work focused on plan-level setup, participant data reconciliation, and standard recordkeeping workflows consistent with retirement plan administration.
Operational coverage was U.S.-centric, aligned to Swinerton’s HR and finance functions responsible for plan administration. The relationship placed Principal Life Insurance Company in the plan recordkeeper role, embedding recordkeeping services into employer plan administration processes across the company’s U.S. operations.
The Principal recordkeeping arrangement appears in public ERISA litigation concerning recordkeeping fees, reflecting governance and fee disclosure questions documented in court filings. The litigation record ties the Principal Financial Group Retirement Recordkeeping engagement directly to plan administration oversight and contested fee practices.
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