Preferred Solution

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As the nation's 401(k) leader, the Principal Financial Group® (The Principal®) offers a broad array of products and services to meet your retirement plan needs.

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Which Retirement Solutions Should You Consider?

Individual 401K
Employer only businesses including sole proprietors, partnerships, corporations, non-profit (May employ spouse)

401K
Sole proprietors, partnerships, corporations, non-profit

403
Employees of public schools and 501(c)(3) organizations

Section 457 
Employers eligible to set up plans under Section 457(b) are states, political subdivisions of a state (e.g., cities and counties), agencies and instrumentalities of a state or political subdivision thereof, and organizations exempt from tax under IRC Section 501

Profit Sharing/Money Purchase
Sole proprietors, partnerships, corporations, non-profit, government entities

Defined Benefit vs. Defined Contribution

A defined benefit plan is an employer-sponsored retirement plan providing a predetermined benefit for the plan participant at retirement. 

A defined contribution plan is an employer-sponsored retirement plan allowing contributions to be made for employees, which are generally based on a percentage of the employee’s compensation.