Principal Financial Group Employee Benefits and Perks | Glassdoor

Principal Financial Group Benefits

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Employee Benefit Reviews

Showing 1–10 of 84 comments

Most Commented

  • Jan 21, 2020
    StarStarStarStarStar Former Employee in Des Moines, Iowa

    Good choices for health insurance (UHC). Also provides pretty standard vision/dental. Free (company paid) group life insurance while you're employed. Free gym on-site in Des Moines is VERY nice (pretty close to Equinox level). Some areas have pension, don't assume yours will, check to be sure. 401k match-I believe 6/3%. Free financial advisors available to employees. Stock purchase plan at 15% discount.

  • Apr 02, 2020
    StarStarStarStarStar Former Manager in Raleigh, North Carolina

    FTO and ESPP are the best here.

  • Oct 04, 2019
    StarStarStarStarStar Current Manager in Des Moines, Iowa

    Principal offers a nice benefit package with a strong company match, ESOP, and cash balance plan.

  • Sep 30, 2019
    StarStarStarStarStar Former Short Term Disability Case Manager in Des Moines, Iowa

    Given the reputation of Principal Financial Group, I was looking forward to their benefits package. First, the pros. Their retirement plan is really good with a matching 401K and pension plan. The vision and dental benefits are okay. However, my biggest complaint, is the health insurance. Principal's health plan was honestly one of the worst I've ever had. the plan is 80/20 but with no copays. This means, you will pay for 20% of your total expense regardless if it's a PCP visit, trip to urgent care, or specialist. Of course, this is after the deductible had been met. For example, while I was employed at Principal, I had to go to my PCP for a standard sick visit. I typically have never paid more than $20 for a sick visit with a PCP but this time, I walked away having to pay approximately $200 as my deductible had not been met. Even if the deductible had been met, I still would have had to pay more under this 80/20 method. Really awful plan that does not benefit the employee.

  • Sep 16, 2019
    StarStarStarStarStar Current Employee in Des Moines, Iowa

    Best part is the flexibility of hours when not in busy season and remote work possibilities. However, busy season officially lasts 4 months (November to March) during which time you must put in 8+ OT hours per week, 6 of which must be done on Saturdays and you are in a black out period for PTO and can’t take any. In addition, any time the case load starts to get high at other times in the year they will require OT and each year busy season gets a little longer so last year we were in mandatory OT from October 2018 to March 2019 and this summer had mandatory OT from the beginning of June to the beginning of August. The company also promotes how great they are about promoting from within when in reality this is extremely difficult. In summary, if you want a personal life with a reliable work schedule and career advancement then this is not the company for you.

  • Jun 22, 2019
    StarStarStarStarStar Former Talent Acquisition in Des Moines, Iowa

    All benefits begin on first day of employment. Company matches 75% of the first 8% the employee contributes to 401k, plus there is also a pension plan fully funded by the company. The dental and health benefits are good, 11 paid holidays, pretty generous PTO or FTO plans, depending on department and position.

  • Apr 26, 2019
    StarStarStarStarStar Current Employee in Raleigh, North Carolina

    I love the pension plan benefit which many employers these days no longer provide. I'm also allowed flexibility in my work/life balance which is very important to me.

  • Apr 14, 2019
    StarStarStarStarStar Current Employee in Des Moines, Iowa

    Benefits start on Day 1

  • Mar 17, 2019
    StarStarStarStarStar Current Customer Care Specialist in Des Moines, Iowa

    Very generious! Matching 401k is great, not to mention a pension that is outstanding! :)

  • Mar 07, 2019
    StarStarStarStarStar Former Financial Representative in San Francisco, California

    Good benefits for the most part. High deductible health plan however.

Benefits Summary


List based on reports from current and former employees. It may not be complete.

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