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Principal Financial Group

Engaged Employer

Group Benefits Division of PFG - Anonymous employee Principal Financial Group Employee Review

2.0
Mar 4, 2010
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Benefits are very good. Employee contribution is low for medical and dental. PTO time is pretty generous especially if you have been there a while. Company is ethical in dealing with clients. They are good with communicating with employees (unless it involves things that directly affect employees). They are financially strong.

Cons

Each office is managed by a local manager so this can vary by the office you work at. There are no growth opportunities. Company seems that they rather take people from outside than to promote within. Principal, like other companies, have cut salaries, benefits and jobs. Communication about the salary cuts were not clearly communicated. Company claims they are financial strong yet continue to eliminate positions. More work is added to employees who are already stressed out. No team spirit. No recognition for job well done.

Explore other reviews about Principal Financial Group

5.0
Jun 24, 2026
Recommend
CEO approval
Business Outlook

Pros

good FTO policy good opportunity for career development flexible work arrangements

Cons

health insurance sucks - United annual reviews- everything's made up and the points don't matter more and more pressure to be in-office despite team members being remote

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Principal Financial Group Response
4d
Thank you for taking the time to provide this feedback. Your input is valuable as we work to improve as an employer.
2.0
Jun 4, 2026
Recommend
CEO approval
Business Outlook

Pros

Decent work life balance and benefits. Principal offers a pension which is unheard of in today’s age.

Cons

Pay is below average and Principal does not offer inflation raises. Once you hit the midpoint of your salary, you will get a 0% raise until you’re promoted, which will take multiple years regardless of performance. Performance reviews are vague and often used against employees to avoid promotions. At least in my department, I’ve yet to see any of the remote workers be promoted. This is starting to affect attrition and we’re already starting to see people leaving. It’s well known at this point that the best way to get promoted is to leave Principal and get rehired, which even leadership has stated publicly. This is a huge frustration and blow to morale, as it starts to feel like employees need to compete against their co-workers for raises.

1
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Principal Financial Group Response
2w
We appreciate you sharing your feedback. As a leader in retirement solutions and employee benefits, we strive to provide our employees with a competitive benefits package. Our global pay philosophy is guided by market-driven principles. and we leverage third-party market data to ensure our base salary and incentives remain appropriately competitive.
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