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Defined benefit (DB) pension plans for your employees

Make informed risk management decisions for all types of defined benefit plans

Whether you have a traditional pension plan, a cash balance plan, or a hybrid DB plan, it’s important to be cognizant of the risks associated with each. Interest rate changes and market returns can reveal additional volatility. Tracking essential financial statistics can help you make informed risk management decisions.

Explore this dashboard to see how you can better manage investment volatility

Woman reviewing her defined benefit plan

Understanding the true cost of your defined benefit plan

Defined benefit plans are known for providing employees with guaranteed benefits, but they can be complex and challenging to manage. The first step to gaining control over DB plan expenses is to review and understand the total fees associated with the plan and then determine if they match your needs.

Use this checklist to help review the fees associated with your plan (PDF)

Strategies for DB plan termination

Looking to develop or refine your DB plan termination strategy? We can help with that. Explore these defined benefit plan termination resources:

3 steps to help set your DB plan termination strategy (PDF)

Funding strategies to consider when terminating your DB plan (PDF)

Step-by-step DB plan termination timeline (PDF)

Is pension risk transfer the right option for you?

When you’re ready, we’re here to help you and your financial professional objectively evaluate your options, make an educated decision, and create tangible action steps you can use to reach your unique goals.

Expertise that you can rely on, and your employees will value

Principal is the No. 1 service provider of DB pension plans and is a leader in pension risk transfer.2 Our flexible patent-pending approach integrates our technology as well as plan services so we can take care of your employees while helping you manage plans to achieve your business goals. Services offered include:

Explore our latest defined benefit plan insights


Our DB pension plan specialists can help.

Our team of DB specialists can help you manage your plan to work with your business goals and your employees’ best interests.

Speak to a specialist

  1. PLANSPONSOR Defined Benefit Administration Survey, May 2021. Ranking is based on total number of DB plans.

  2. #4 Pension risk transfer provider. Based on total PRT assets, LIMRA Secure Retirement Institute, as of December 31, 2021.