We're bound by one common purpose: to give you the financial tools, resources and information you need to live your best life.

Principal will prioritize fee-based businesses and focus on three key areas: retirement in the U.S. and select emerging markets, global asset management, and U.S. specialty benefits and protection in the small-to-medium-sized business market.

Retirement is our core business (and has been for over 80 years1). And financial professionals are a core piece of how we do business. We'll help you deliver the whole spectrum of Principal® retirement plan options, including: Defined Contribution (DC)

Principal Financial's score is 62.2 out of 125 In this year's rankings, the highest score is 90.9 out of 125.

Learn about our editorial policies. Principal investing is when financial institutions, private equity firms, or other such enterprises put their own capital or balance sheet at risk in anticipation of future profit. This differs from when they act as intermediaries or brokers investing on behalf of their clients.

Generally, you have 4 options for what to do with your savings: keep it with your previous employer, roll it into an IRA, roll it into a new employer's plan, or cash it out.

The Final Multiple: 10-12 times your annual income at retirement age. If you plan to retire at 67, for instance, and your income is $150,000 per year, then you should have between $1.5 and $1.8 million set aside for retirement.

Principal Financial Group ranked third nationwide in overall customer satisfaction in J.D. Power's 2022 Group Insurance Study, and its financial rating with AM Best is A+ (Superior).

Principal Trust Company® provides trust, custodial, and administrative services for more than 30,000 accounts with assets under administration in excess of $424 billion.

At a high level, the most common strategies for investing are:

• Growth investing. Growth investing focuses on selecting companies which are expected to grow at an above-average rate in the long term, even if the share price appears high.
• Value investing.
• Quality investing.
• Index investing.
• Buy and hold investing.

Leaving Before You're Vested But you won't be able to keep your employer's 401(k) match or profit-sharing contributions unless you are vested in the plan. About a third of 401(k) plans provide immediate vesting for matching contributions, according to the Profit Sharing/401(k) Council of America.

A company can hold onto an employee's 401(k) account indefinitely after they leave, but they are required to distribute the funds if the employee requests it or if the account balance is less than $5,000.