2024-09-27T12:14:27-07:00 2023-12-31 990 2023-01-01 450493921 The Principal Trust for Life Insurance Benefits PRIN 5152475111 711 High Street Des Moines IA 50392 Mark Konrad Trustee, on Behalf of the Trustees 5152475111 2024-09-05 true 2023 2024-10-15 13:58:12Z X Mark Konrad 711 High Street Des Moines IA 50392 9239342 false X N/A X 2003 IA Provide Life Insurance Benefits to Members 16 0 0 0 1318034 1317035 0 7173998 7921308 1527372 1318034 0 8701370 9239342 0 8755182 10763797 0 0 0 883615 -78808 9638797 10684989 -937427 -1445647 31045128 44015795 2660 0 31042468 44015795 Provide Life Insurance Benefits to Members false false 10763797 Benefits Paid to or for Members -79316 Taxes Paid on Investment Income of the Trust 508 Misc Expenses - one time, non-reoccuring item 10684989 false false false false false false false false false false false false false false false false true false false false false false false false false false false false true false false false false false false false false false false false true false false false true 0 0 true 0 true true false false false false false false false X 16 0 false false false false false false false true true false false true false false false false false false X Principal Life Insurance Company 5152475111 711 High Street Des Moines IA 50392 X X Dennis Menken Investment Committee 1.00 X 0 0 0 Jack Bishop Investment Committee 1.00 X 0 0 0 Staci Cunningham Investment Committee 1.00 X 0 0 0 Kara Hoogensen Investment Committee 1.00 X 0 0 0 Kenneth McCullum Investment Committee 1.00 X 0 0 0 Joel Pitz Investment Committee 1.00 X 0 0 0 Dwight Soethout Investment Committee 1.00 X 0 0 0 Deanna Strable Investment Committee 1.00 X 0 0 0 Janis Winterhof Investment Committee 1.00 X 0 0 0 Lisa Coulson Administration Committee 1.00 X 0 0 0 Joseph McCarty Administration Committee 1.00 X 0 0 0 Shea Treadway Administration Committee 1.00 X 0 0 0 Jon Couture Administration Committee 1.00 X 0 0 0 Brian Ness Administration Committee 1.00 X 0 0 0 Kevin Farley Administration Committee 1.00 X 0 0 0 Gina Graham Administration Committee 1.00 X 0 0 0 Lisa Coulson Investment Committee 1.00 X 0 0 0 Nathan Schelhaas Administration Committee 1.00 X 0 0 0 Andrew Dion Administration Committee 1.00 X 0 0 0 true false false Principal Life Contributions 900001 4026584 0 0 Employee Contributions 900001 3764742 0 0 Retiree Contributions 900001 129982 0 0 7921308 1263936 1263936 0 54098 54098 54098 0 54098 0 9239342 7921308 1318034 0 10763797 10763797 Federal Income Taxes -80748 -80748 0 0 Foreign Taxes Paid 1432 1432 0 0 Misc Exp, Trust Non-Recurring 508 508 0 0 10684989 10684989 0 0 62271 307298 3168 0 30979689 43708497 0 31045128 44015795 2660 0 2660 0 X 31042468 44015795 31042468 44015795 31045128 44015795 X -1445647 14418974 X false false false false false false Lisa Coulson 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Nathan Schelhaas 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Andrew Dion 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Pt VI, Line 11b The governing body of the organization consists of the Benefit Plans Investment Committee (Investment Committee) and the Benefit Plans Administration Committee (Administration Committee). The Investment Committee is the fiduciary responsible for the management of assets of the organization. The Administration Committee is the fiduciary responsible for the operation and administration of the plans to which the organization relates. Individuals serving on the Investment Committee and the Administration Committee are employees of Principal Workforce, LLC, which is not a Sponsoring Organization or Contributing Employer of the VEBA as defined by the Instructions to Form 990 Schedule R. The individuals receive compensation from Principal Workforce, LLC for their regular employment duties and are not compensated for serving on the Investment or Administration Committees. Assets of the organization are held in trust by three trustees. The trustees are nondiscretionary trustees, subject to the direction of the Investment Committee and the Administration Committee. The Form 990 was reviewed by the Investment Committee and Administration Committee, each of which gave approval and direction to the trustees to sign the Form. Pt VI, Line 19 No documents available to the public. Pt XI Line 9, Other change in net assets due to The Principal Trust for Life Insurance Benefits for Individual Field (EIN: 41-2113046) merging with The Principal Trust for Life Insurance Benefits (EIN: 45-0493921), effective 1/1/2023. The Trust Agreement that details this change is attached. The Principal Trust for Health Bens for EEs and Non-Medicare Elig Rets 711 High Street Des Moines IA 50392 421364494 Provide health benefits to members IA 501(c)(9) NA false The Principal Trust for Health Benefits for Individual Field 711 High Street Des Moines IA 50392 411686703 Provide health benefits to members IA 501(c)(9) NA false The Principal Trust for Life Insurance Benefits for Individual Field 711 High Street Des Moines IA 50392 412113046 Provide life insurance benefits to members IA 501(c)(9) NA false The Prinicpal Trust for the Select Savings Plan for Employees 711 High Street Des Moines IA 50392 450476835 401(k) IA 401(k) NA false The Principal Trust for the Select Savings Plan for Individual Field 711 High Street Des Moines IA 50392 450476832 401(k) IA 401(k) NA false The Principal Trust for the Principal Pension 711 High Street Des Moines IA 50392 Pensions IA 401(a) NA false Principal Life Insurance Company 711 High Street Des Moines IA 50392 420127290 Life Health insurance annuities, investments IA NA C 0.00000 false The Principal Trust for Certain Non qualified Pension Benefits 711 High Street Des Moines IA 50392 421335190 Provide Pension benefits IA NA T 0.00000 false false false false false false false false false false false false false false false false false false false true Part II Continuation Beginning with Tax-Exempt Organization Number 8 Name, address, and EIN (if applicable) of disregarded entity Primary activity - Legal domicile (state or foreign country) - Exempt Code section - Direct controlling entity *Public charity status (if Section 501 (c) (3)) and Section 512 (b) (13) controlled entity [Yes/No] columns not shown due to being blank* (8) The Principal Trust for Post-Ret Life Benefits for Employees - VEBA - 46-6578451 - 711 High Street, Des Moines, IA 50392-0001 Provide life insurance benefits to members - IA - 501 (c) (9) - N/A (9) The Principal Trust for Disability Benefits for Employees - VEBA - 46-6591529 - 711 High Street, Des Moines, IA 50392-0001 Provide disability benefits to members - IA - 501 (c) (9) - N/A (10) The Principal Trust for Disability Benefits for Ind Field - VEBA - 46-6594396 - 711 High Street, Des Moines, IA 50392-0001 Provide disability benefits to members - IA - 501 (c) (9) - N/A (11) Principal Trust for Medicare-Eligible Post-Retirement Medical Benefits - VEBA - 47-5094550 - 711 High Street, Des Moines, IA 50392-0001 Provide health benefits for members - IA - 501 (c) (9) - N/A