2024-09-27T12:13:03-07:00 2023-12-31 990 2023-01-01 421364494 Principal Trust-Health&Disability Ben for Act & Non-Medicare Elig Rets 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 76436476 false X N/A X 1992 IA Provide Health Insurance and Disability Benefits to Members 16 0 0 0 8315749 10397267 0 46369592 48218658 -38181121 8315749 -24663485 19902069 -16475014 76436476 0 149723846 180180358 0 0 0 11513761 10370976 161237607 190551334 -177712621 -114114858 343087939 313502723 151792 311067 342936147 313191656 Provide Health Insurance and Disability Benefits to Members false false 180180358 Benefits Paid to or for Members 4951923 Taxes Paid on Investment Income of the Trust 5419053 Administrative Fees Paid by Trust 190551334 false false false false false false false false false false false false true true 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 Administrative Committee 1.00 X 0 0 0 Joseph McCarty Administrative Committee 1.00 X 0 0 0 Shea Treadway Administrative Committee 1.00 X 0 0 0 Jon Couture Administrative Committee 1.00 X 0 0 0 Brian Ness Administrative Committee 1.00 X 0 0 0 Kevin Farley Administrative Committee 1.00 X 0 0 0 Gina Graham Administrative Committee 1.00 X 0 0 0 Lisa Coulson Investment Committee 1.00 X 0 0 0 Nathan Schelhaas Administrative Committee 1.00 X 0 0 0 Andrew Dion Administrative Committee 1.00 X 0 0 0 true false false Principal Life Contributions 900001 4935843 0 0 Employee Contributions 900001 37673864 0 0 Retiree Contributions 900001 5608951 0 0 48218658 10401266 10401266 0 -2085517 -2085517 -2085517 0 -2085517 0 Change in Cash Surrender 900001 19464928 0 0 19464928 Death Benefit 900001 437141 0 0 437141 19902069 76436476 48218658 8315749 19902069 180180358 180180358 Federal Income Taxes 4951387 4951387 0 0 Foreign Taxes Paid 535 535 0 0 Administrative Fees 5419054 5419054 0 0 190551334 190551334 0 0 242407 -15151517 -2715094 579163 234504748 197202271 111055878 130872806 343087939 313502723 65 0 151727 311067 151792 311067 X 342936147 313191656 342936147 313191656 343087939 313502723 X -114114858 412933 83957434 X false false false Trust Owned Life Insurance 129882806 Deposits with Insurance Company 990000 130872806 Draft Suspense 178 Suspense - Unclaimed Property 347886 General Suspense -37049 Suspense Claim - Other 52 311067 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 Health Benefits for Individual Field and Non-Medicare Eligible Retirees (EIN: 41-1686703), The Principal Trust for Individual Field Disability (EIN: 42-6611161), The Principal Trust for Disability Benefits for Employees (EIN: 46-6591529), and The Principal Trust for Disability Benefits for Individual Field (EIN: 46-6594396) all merged with The Principal Trust for Health and Disability Benefits for Active and Non-Medicare Eligible Retirees (EIN: 42-1364494) effective 1/1/2023. Also effective 1/1/2023, the trust name was changed to The Principal Trust for Health and Disability Benefits for Active and Non-Medicare Eligible Retirees. The Trust Agreement that details these changes is attached. The Principal Trust for Life Insurance Benefits for Employees 711 High Street Des Moines IA 50392 450493921 Provide life insurance 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 for 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 Principal 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 Plan 711 High Street Des Moines IA 50392 Pensions IA 401(a) NA 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 Principal Life Insurance Company 711 High Street Des Moines IA 50392 420127290 Life/Health Insurance annuities, investments IA NA C 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