There are newer employer reviews for Principal Financial Group

Company Overview

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Investment Accounting in Des Moines, IA
Current Employee - Investment Accounting in Des Moines, IA

I have been working at Principal Financial Group full-time (less than a year)

Pros

The benefits, people, and flexibility are second to none. This truly is a wonderful place to work, especially for a very family-oriented, work/life balance kind of person.

Cons

It can be tough to advance within the company. There are over 9,000 employees in Des Moines making it a political process for advancement.

Recommends
Neutral Outlook
Approves of CEO
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  1. 1 person found this helpful

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

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

    I have been working at Principal Financial Group

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Disapproves of CEO
  2. The training for my position left a lot to be desired and I was unprepared for the volume of work for my caseload.

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

    I have been working at Principal Financial Group

    Pros

    Excellent benefits, and competitive salaries.

    Cons

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

    Advice to ManagementAdvice

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

    Recommends
    No opinion of CEO
There are newer employer reviews for Principal Financial Group

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