What is THE PRINCIPAL SELECT SAVINGS PLAN's employer match?

In 2024, THE PRINCIPAL SELECT SAVINGS PLAN reported $76,067,723 in employer contributions. That is about 52.0% of reported employee contributions.

How many participants are in THE PRINCIPAL SELECT SAVINGS PLAN?

At the end of 2024, THE PRINCIPAL SELECT SAVINGS PLAN reported 17,890 plan participants.

What are THE PRINCIPAL SELECT SAVINGS PLAN's total assets?

At the end of 2024, THE PRINCIPAL SELECT SAVINGS PLAN reported total plan assets of $4,579,548,793.

When was THE PRINCIPAL SELECT SAVINGS PLAN established?

THE PRINCIPAL SELECT SAVINGS PLAN was established in 1985.

What are the investment options in THE PRINCIPAL SELECT SAVINGS PLAN?

MyPlanIQ tracks the investment lineup for THE PRINCIPAL SELECT SAVINGS PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/the-principal-select-savings-plan/

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THE PRINCIPAL SELECT SAVINGS PLAN

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Contribution & Savings

THE PRINCIPAL SELECT SAVINGS PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for THE PRINCIPAL SELECT SAVINGS PLAN is $255,983.00

THE PRINCIPAL SELECT SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for THE PRINCIPAL SELECT SAVINGS PLAN is $16,351.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
1,046,497.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 16,351.00 in THE PRINCIPAL SELECT SAVINGS PLAN, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

	Pretax and roth employee contributions	Employee and employer contributions combined	Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over)
401(k) contribution limit for 2023	$22,500	$66,000	$7,500
401(k) contribution limit for 2024	$23,000	$69,000	$7,500

$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.

$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!

Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.

Keep researching THE PRINCIPAL SELECT SAVINGS PLAN

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