There are newer employer reviews for Principal Financial Group
There are newer employer reviews for Principal Financial Group

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Helpful (1)

Principal has a very low payout and only rewards you when you sell their products.

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Advisor in Bakersfield, CA
Current Employee - Financial Advisor in Bakersfield, CA

I have been working at Principal Financial Group

Doesn't Recommend
Disapproves of CEO
Doesn't Recommend
Disapproves of CEO

Pros

Principal has a good 401k platform, and they have some decent funds. If you sell life insurance and annuities, you can make some money. If you sell investments, you won't.

Cons

Principal takes no risk in their agents. You pay for everything and get a very low payout. You pay your rent, secretary, copier and all other expenses. They provide insurance and investments. They also don't match your 401k when you sell funds or other investments through their brokerage.

Advice to Management

Take some investment in the people who keep this company running -- the agents. The agents should also be rewarded when they sell Principal funds with a 401k match.

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  1. The training for my position left a lot to be desired and I was unprepared for the volume of work for my caseload.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Pension Administrator in Des Moines, IA
    Current Employee - Pension Administrator in Des Moines, IA

    I have been working at Principal Financial Group

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Excellent benefits, and competitive salaries.

    Cons

    Once you are out of training, you are not supported.

    Advice to Management

    Do a better job of slotting people to jobs they are qualified for.


  2. Great place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Supplier Manager in Des Moines, IA
    Current Employee - Supplier Manager in Des Moines, IA

    I have been working at Principal Financial Group

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Lots of opportunities for advancement. Promote a work life balance. Great salary and benefits package. Leadership shows they care about their employees.

    Cons

    There are no downsides to working at Principal Financial Group. It is a great company to work for and I would recommend PFG to many other professionals.

    Advice to Management

    Continue to do what you do. The support that leadership provides to their direct reports is second to none. Great job.


There are newer employer reviews for Principal Financial Group
There are newer employer reviews for Principal Financial Group

See Most Recent

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