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Principal AdvantageSM (registered)

Principal AdvantageSMDefined Benefit

Principal AdvantageSM- Defined Benefit is a registered defined benefit (DB) solution that provides plan sponsors with an investment platform of institutionally sub-advised investment options and access to other well-known retail mutual funds (Mutual Fund Network).

Clients can now get the same advantages with this defined benefit product as they do with its counterpart, Principal Advantage - Defined Contribution (DC). Both products use:

  • Institutionally sub-advised investment options
  • Mutual Fund Network platform
  • Rigorous due diligence process

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Availability and guidelines

The Principal Advantage - DB solution is available for semi-bundled (including investment-only) as well as fully bundled plans. To offer Principal Advantage - DB, your prospects must satisfy these minimum guidelines:

  • $7 million in DB transfer assets, or
  • $7 million for DB/DC Combo sales, with at least $5 million in DB plan assets
  • $250,000 annual deposit
  • Principal Trust Company Directed Trust must be used
  • Transfers from an existing FPI (non-registered) DB product to Principal Advantage - DB will not be permitted.

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Insurance products and plan administrative services are provided by Principal Life Insurance Company. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Princor Financial Services Corporation, 800.547.7754, member SIPC and/or independent broker/dealers. Securities sold by a Princor Registered Representative are offered through Princor®. Principal Funds Distributor, Princor and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths.

Before investing in mutual funds, investors should carefully consider the investment objectives, risks, charges and expenses of the funds. This and other information is contained in the free prospectus, which can be obtained from your local representative. Please read the prospectus carefully before investing.