DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

Principal Cash Balance Plan

Corporate pensionDES Moines, IA
Assets
$1.5B
Total assets, Dec 31, 2024 reported
Funded
105.3%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
36
none on the tape
Plan sponsor: Principal Spectrum Asset Management
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.1%
  • Corporate debt instruments (other) 48.1%
  • U.S. Government securities 3.2%
  • Other investments 0.1%
  • Pooled separate accounts 35.3%
  • Registered investment companies 6.2%
  • Common stock 2.2%
Consultants and advisers
4 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 managers on the commitment tape
From the plan’s own commitment disclosures
Commitments
36 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Prin Midcap Sep Acct-Zseparate accountPrincipalPooled vehicles$14.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Liquid Assets Sep Acct-Zseparate accountPrincipalPooled vehicles$213M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$67.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Diversified Intl Sa-Zseparate accountPrincipalHedge / diversifiers$50.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Lgcp S&p 500 Index Sa-Zseparate accountPrincipalPooled vehicles$50.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Midcap Value I Sa-Zseparate accountPrincipalPooled vehicles$15.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Smcap Growth I Sep Acct-Zseparate accountPrincipalPooled vehicles$9.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Largecap Growth I Sa-Zseparate accountPrincipalPooled vehicles$35.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Smcap Value II Sep Acct-Zseparate accountPrincipalPooled vehicles$9.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Principal Overseas Sep Acct-Zseparate accountPrincipalPooled vehicles$18.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Prin Equity Income Sa-Zseparate accountPrincipalFixed income$33.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$184M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Diversified Intl Sa-Zseparate accountPrincipalHedge / diversifiers$73.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Lgcp S&p 500 Index Sa-Zseparate accountPrincipalPooled vehicles$44.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Midcap Value I Sa-Zseparate accountPrincipalPooled vehicles$14.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Midcap Growth III Sa-Zseparate accountPrincipalPooled vehicles$14.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Smcap Growth I Sep Acct-Zseparate accountPrincipalPooled vehicles$7.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Largecap Growth I Sa-Zseparate accountPrincipalPooled vehicles$109M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Smcap Value II Sep Acct-Zseparate accountPrincipalPooled vehicles$7.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Principal Overseas Sep Acct-Zseparate accountPrincipalPooled vehicles$34.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Equity Income Sa-Zseparate accountPrincipalFixed income$110M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Org Emg Mkts Sep Acct-Zseparate accountPrincipalPooled vehicles$20.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Prin Liquid Assets Sep Acct-Zseparate accountPrincipalPooled vehicles$82.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Liquid Assets Sep Acct-Zseparate accountPrincipalPooled vehicles$39.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Org Emg Mkts Sep Acct-Zseparate accountPrincipalPooled vehicles$11.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Equity Income Sa-Zseparate accountPrincipalFixed income$67.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Principal Overseas Sep Acct-Zseparate accountPrincipalPooled vehicles$18.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Smcap Value II Sep Acct-Zseparate accountPrincipalPooled vehicles$4.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Largecap Growth I Sa-Zseparate accountPrincipalPooled vehicles$60.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Smcap Growth I Sep Acct-Zseparate accountPrincipalPooled vehicles$4.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Midcap Growth III Sa-Zseparate accountPrincipalPooled vehicles$8.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Midcap Value I Sa-Zseparate accountPrincipalPooled vehicles$9.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Lgcp S&p 500 Index Sa-Zseparate accountPrincipalPooled vehicles$29.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Diversified Intl Sa-Zseparate accountPrincipalHedge / diversifiers$42.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$133M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Prin Intl Smallcap Sep Acct-Zseparate accountPrincipalPooled vehicles$7.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
32 readings
Total assets
$1.5B Dec 31, 2024 reported Form 5500
$1.7B (2023-12) · $1.5B (2022-12)
Plan assets
$2.9B Jan 1, 2024 reported Form 5500
$2.7B (2023-01) · $2.7B (2022-12)
Net assets
$1.5B Dec 31, 2024 reported Form 5500
$1.7B (2023-12) · $1.5B (2022-12)
Funded ratio
105.3% Jan 1, 2024 reported Form 5500
104.5% (2023-01) · 106.8% (2022-12)
Funding target
$2.8B Jan 1, 2024 reported Form 5500
$2.7B (2023-01) · $2.6B (2022-12)
Discount rate
5.12% Jan 1, 2024 reported Form 5500
5.26% (2023-01) · 5.42% (2022-12)
Participants
17,467 Jan 1, 2024 reported Form 5500
18,231 (2023-01) · 17,620 (2022-12)
Contributions
$55.0M Dec 31, 2024 reported Form 5500
$55.0M (2023-12) · $0 (2022-12)
Benefits paid
$248M Dec 31, 2024 reported Form 5500
$191M (2023-12) · $0 (2022-12)
Net investment income
$-207M Dec 31, 2024 reported Form 5500
$121M (2023-12) · $0 (2022-12)
Investment management fees
$21,046 Dec 31, 2024 reported Form 5500
$6.2M (2023-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202417,467$2.9B$2.8B105.3%$1.5Bn/an/an/a
2023 to Dec 31, 202318,231$2.7B$2.7B104.5%$1.7Bn/an/an/a
2022 to Dec 31, 202217,620$2.7B$2.6B106.8%$1.5Bn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Principal Global Investors LLC codes 27 50 51 $6.2M PY2024
  • Principal Life Insurance Company codes 13 50 64 $2.2M PY2024
  • State Street codes 49 70 $1.2M PY2024
  • Aksia codes 27 51 $21,010 PY2024
  • Idc codes 49 99 $11,616 PY2024
  • Prin Lgcp S&p 500 Index Sa-Z Sched. D P $50.4M PY2024
  • Prin Midcap Value I Sa-Z Sched. D P $15.2M PY2024
  • Prin Midcap Growth III Sa-Z Sched. D P PY2024
  • Prin Smcap Growth I Sep Acct-Z Sched. D P $9.8M PY2024
  • Prin Largecap Growth I Sa-Z Sched. D P $35.2M PY2024
  • Prin Smcap Value II Sep Acct-Z Sched. D P $9.8M PY2024
  • Principal Overseas Sep Acct-Z Sched. D P $18.0M PY2024
  • Prin Equity Income Sa-Z Sched. D P $33.4M PY2024
  • Prin Org Emg Mkts Sep Acct-Z Sched. D P PY2024
  • Prin Midcap Sep Acct-Z Sched. D P $14.8M PY2024
  • Prin Liquid Assets Sep Acct-Z Sched. D P $213M PY2024
  • Principal U.S. Property Sa-Z Sched. D P $67.4M PY2024
  • Prin Diversified Intl Sa-Z Sched. D P $50.4M PY2024
  • Principal Financial Group codes 11 PY2024
  • Principal Global Investors codes 27 50 51 $6.0M PY2023
  • Principal Life Insurance Company codes 13 50 64 $1.9M PY2023
  • State Street codes 16 49 70 99 $171,519 PY2023
  • Idc codes 49 50 99 $25,325 PY2023
  • Prin Midcap Value I Sa-Z Sched. D P $14.5M PY2023
  • Prin Midcap Growth III Sa-Z Sched. D P $14.6M PY2023
  • Prin Smcap Growth I Sep Acct-Z Sched. D P $7.9M PY2023
  • Prin Largecap Growth I Sa-Z Sched. D P $109M PY2023
  • Prin Smcap Value II Sep Acct-Z Sched. D P $7.8M PY2023
  • Principal Overseas Sep Acct-Z Sched. D P $34.2M PY2023
  • Prin Equity Income Sa-Z Sched. D P $110M PY2023
  • Prin Org Emg Mkts Sep Acct-Z Sched. D P $20.5M PY2023
  • Prin Liquid Assets Sa Sched. D P $82.0M PY2023
  • Prin Intl Smallcap Sep Acct-Z Sched. D P PY2023
  • Principal U.S. Property Sa-Z Sched. D P $184M PY2023
  • Prin Diversified Intl Sa-Z Sched. D P $73.8M PY2023
  • Prin Lgcp S&p 500 Index Sa-Z Sched. D P $44.3M PY2023
  • Principal Financial Group codes 11 PY2023
  • Prin Intl Smallcap Sep Acct Sched. D P $7.3M PY2022
  • Prin Liquid Assets Sa Sched. D P $39.8M PY2022
  • Prin Org Emg Mkts Sep Acct-Z Sched. D P $11.8M PY2022
  • Prin Equity Income Sa-Z Sched. D P $67.6M PY2022
  • Principal Overseas Sep Acct-Z Sched. D P $18.6M PY2022
  • Prin Smcap Value II Sep Acct-Z Sched. D P $4.3M PY2022
  • Prin Largecap Growth I Sa-Z Sched. D P $60.9M PY2022
  • Prin Smcap Growth I Sep Acct-Z Sched. D P $4.3M PY2022
  • Prin Midcap Growth III Sa-Z Sched. D P $8.9M PY2022
  • Prin Midcap Value I Sa-Z Sched. D P $9.0M PY2022
  • Prin Lgcp S&p 500 Index Sa-Z Sched. D P $29.1M PY2022
  • Prin Diversified Intl Sa-Z Sched. D P $42.6M PY2022
  • Principal U.S. Property Sa-Z Sched. D P $133M PY2022
  • Principal Financial Group codes 11 PY2022
What changed
8 events
  • Dec 31, 2024Holding started
    Principal Cash Balance Plan first reports an interest in Prin Midcap Sep Acct-Z (Principal): $15M at 2024-12-31
    with Principalaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Principal Cash Balance Plan no longer reports Prin Midcap Growth III Sa-Z (Principal) (last held $15M at 2023-12-31; absent from the 2024-12-31 filing)
    with Principalaskebsa.dol.gov
  • Dec 31, 2024Holding endedinference
    Principal Cash Balance Plan no longer reports Prin Org Emg Mkts Sep Acct-Z (Principal) (last held $21M at 2023-12-31; absent from the 2024-12-31 filing)
    with Principalaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Aksia appears on Principal Cash Balance Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)
    with Askia LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    State Street no longer appears on Principal Cash Balance Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with State Street Bank & Trust Companyaskebsa.dol.gov
  • Dec 31, 2024Assets changed
    Principal Cash Balance Plan total assets $1.7B -> $1.5B (-13.7%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Principal Cash Balance Plan no longer reports Prin Intl Smallcap Sep Acct-Z (Principal) (last held $7M at 2022-12-31; absent from the 2023-12-31 filing)
    with Principalaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Principal Cash Balance Plan funded ratio 106.8% -> 104.5% (2022-12-31 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 421520346-005
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.