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On July 1, 2019, Principal Financial Group acquired Wells Fargo Banks Institutional Retirement and Trust (IRT) business, which provides certain administrative services to assist Wells Fargo Bank N.A., which is the current recordkeeper and trustee for the 401(k) Plan.
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Principal Financial Group closed the acquisition of certain assets of the Wells Fargo Institutional Retirement and Trust business (IRT) on July 1, 2019.
The firm was founded in 1998 and is a wholly-owned subsidiary of Principal Global Investors Holding Co.
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Principal Financial Group View of the 801 Grand. The headquarters of its owner, Principal Financial Group is in the foreground at 711 High Street. Industry Insurance, Financial Services Founded 1879 Founder Edward Temple Headquarters Des Moines, Iowa , U.S.15 more rows
We were founded in 1879 as an insurance company. Today, were a member of the FORTUNE 500 and a global investment management leader.

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