Companies Principal Financial Group

Principal Financial Group

Belfast, Northern Ireland

18,000 Total Employees

Year Founded: 1879

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Principal Financial Group Compensation & Benefits

Updated on February 01, 2026

This page was generated by Built In using publicly available information and AI-based analysis of common questions about the company. It has not been reviewed or approved by the company.

How are the compensation & benefits at Principal Financial Group?

Strengths in retirement benefits, broad time-off programs, and family support are accompanied by challenges in consistent pay growth and perceived market competitiveness, with access to certain perks varying by location. Together, these dynamics suggest a benefits-led total rewards profile that appeals on long-term value while leaving cash compensation experiences uneven across roles and geographies.

Positive Themes About Principal Financial Group

Retirement Support: Retirement benefits include a 401(k) match alongside a company-paid cash balance pension, with additional profit sharing noted. This combination is highlighted as a standout component of total rewards.
Leave & Time Off Breadth: Time away options include flexible time off coordinated with leaders, company holidays, and paid volunteer time, plus a wide range of leaves for family, medical, military, and bereavement needs. The breadth of options supports planning and balance across different situations.
Parental & Family Support: Family support includes paid parental leave, onsite childcare in Des Moines, and adoption cost reimbursement. Policies extend eligibility to spouses and partners, reinforcing an inclusive approach to caregiving.

Considerations About Principal Financial Group

Stagnant Pay & Limited Progression: Pay is considered inconsistent to adjust with rising costs, with some long-tenured employees citing no raises. In certain periods, temporary pay cuts were experienced as effectively permanent.
Unfair & Opaque Compensation: Compensation is described as slightly below industry in some roles and unfair in specific departments such as call centers. Perceived differences by function suggest revenue-producing areas receive comparatively better funding.
Exclusive or Unequal Benefits Coverage: Signature perks like onsite wellness and childcare are concentrated in the Des Moines location, creating uneven access by geography. Role- and location-dependent policies mean the practical value of benefits can vary across teams.

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The insights on this page are generated by submitting structured prompts to some of the most popular large language models (“LLMs”) and summarizing recurring themes from the responses. Because the insights are generated using AI, they may contain errors. The insights do not necessarily reflect internal data, employee interviews, or verified company information. They may be influenced by incomplete, outdated, or inaccurate data, and may vary across LLM providers. These insights are intended for informational purposes only and should not be interpreted as a factual or definitive assessment of a company's reputation. Built In makes no representations or warranties regarding the accuracy, completeness, or reliability of this information, and disclaims any liability for any actions taken based on this information. If you are a representative of this company, and would like this page to be removed, you may contact us via this form.

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