Retirement
One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan allows you to save for retirement on a pretax basis. You can begin contributing to the plan at any time once you become eligible and start making contributions to your account through convenient payroll deductions.
To get started with Principal retirement, visit the website at principal.com/welcome or view the Principal Getting Started flyer for more information.
Increase Your Retirement Savings with a 401(k)
- Contribute using convenient payroll deductions up to the IRS limit of $23,500 per year.
- Change the amount of your contributions or stop your payroll contributions at any time.
- Decide how to invest your 401(k) or allow the plan to choose for you.
- The 401(k) contribution limit for employees age 50 or older is $31,000 in 2025.