401(k) Retirement Plans

Save automatically for a secure retirement.

A 401(k) plan is the most common employer-sponsored retirement plan, helping millions save toward their retirement.

This plan features:

• Automatic payroll deductions to make saving effortless
• Reduced tax liability, since certain contributions lower your taxable income
• Matched contributions from some employers, up to a certain percent (check with your benefits administrator)
• Long-term savings growth opportunity across a variety of investment options

Enroll online today

Already enrolled in a 401(k) with Principal?

You may want to consider increasing your contributions—even a small increase today could grow into a much larger difference by retirement.

Understand the cost of a 401(k) loan.

Thinking about taking a loan from your retirement savings to cover other expenses? The key word is caution: find out about the provisions, terms, and fees first. And keep in mind that taking out a 401(k) loan usually means you’ll lose money in the long run.

• You’ll miss out on potential growth and compounding of your earnings (which could be a lot more than you think).
• You’ll pay taxes on the money you use to repay your loan.
• You may owe initial set-up and quarterly loan fees.
• Loan interest rates could cost you even more.

Log into your account for more details about 401(k) loans, and be sure to talk to an advisor before you make a decision.