Principal Advised Services provides two services called Target My Retirement: a managed account service where they manage your retirement plan investments for you, and point-in-time advice, which is a one-time recommendation on how to allocate your assets. These services are available to participants in employer-sponsored retirement plans recordkept by Principal Life Insurance Company. Morningstar Investment Management, LLC provides sub-advisory services.
Fee Structure
Principal Advised Services offers a Managed Account Service where they manage your retirement account for you. The annual fee is up to 0.50% of the daily value of your account. This fee is deducted monthly. The exact fee is negotiable by your employer's retirement plan sponsor and may depend on factors like the number of participants, plan assets, and whether the plan uses Principal's own investment funds. There may be a free trial period.
