Plan Ledger DOL Form 5500 · updated monthly

Principal Life Insurance Companybenefits

The Principal Welfare Benefit Plan · DES MOINES, IA · plan year 2024

Broker compensation reported · 2024
$6,627

Principal Life Insurance Company's benefits plans covered 12,711 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · long-term disability. Insurance brokers and agents were paid $6,627 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $1 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.

Insurance contracts · 20248
ACE AMERICAN INSURANCE COMPANY · stdpremiums n/a · 11,824 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 14,368 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 476 covered
PRINCIPAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 547 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 1,196 covered
PRINCIPAL LIFE INSURANCE COMPANY · ltdpremiums n/a · 13,823 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 130 covered
PRINCIPAL LIFE INSURANCE COMPANY · lifepremiums n/a · 11,537 covered
Brokers & agents paid · 20241
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 420127290 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.