Summer 2027

Sales Intern

Retirement & Income Solutions

Updated on 9/11/2026

Deadline 9/2/27
Principal Financial Group

Principal Financial Group

10,001+ employees

Offers retirement planning, life insurance, investments

Compensation Overview

$24/hr

+ Sales incentives + Bonus plan + $4,000 internship stipend + Tax gross-up on stipend

No H1B Sponsorship

Des Moines, IA, USA + 3 more

More locations: Washington, DC, USA | Philadelphia, PA, USA | Denver, CO, USA

Hybrid

First five weeks are in Des Moines; last five weeks are at one of the listed sales offices.

Bachelor's

Category
Sales & Account Management
Required Skills
Sales

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Requirements
  • Currently pursuing or having completed an undergraduate or graduate-level degree.
  • Involvement in extracurricular activities and/or the community.
  • Interest in pursuing a career in sales.
  • Ability to build positive relationships with internal and external partners.
  • Strong written and verbal communication skills.
  • Willingness to travel.
Responsibilities
  • Provide sales support, account management assistance, and intermediary support alongside Retirement sales team members.
  • Assist regional sales offices while learning how the retirement plan business is distributed and supported.
  • Work full time during the internship while applying sales skills and developing professionally.
Desired Qualifications
  • Previous sales experience through an internship, extracurricular involvement, or work experience.
Principal Financial Group

Principal Financial Group

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Principal Financial Group provides a wide range of financial services, including retirement plans, life insurance, and investment opportunities for individuals, businesses, and institutional investors. Its products work by collecting premiums or fees and managing investments to help clients save for retirement, protect loved ones, and grow wealth over the long term. The company differentiates itself through its breadth of offerings, customized financial solutions, and flexible retirement and investment options designed to fit different needs. Its goal is to give clients financial stability and growth potential by offering planning tools, insurance protection, and investment opportunities across various markets.

Company Size

10,001+

Company Stage

IPO

Headquarters

Des Moines, Iowa

Founded

1879

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Simplify Jobs

Simplify's Take

What believers are saying

  • July 27, 2026 operating EPS rose 17%, while Q3 dividend rose to $0.84.
  • Principal returned $427 million to shareholders in Q2 2026, signaling capital strength.
  • September 1, 2026 Beam closing expands Principal's SMB cross-sell, distribution, and fee growth runway.

What critics are saying

  • April 14, 2026 ERISA suit targets proprietary target-date funds across 7,800 plans.
  • Principal's own September 9, 2026 research flags more ERISA lawsuits after Supreme Court rulings.
  • Beam integration after September 1, 2026 threatens broker disruption and synergy slippage through 2027.

What makes Principal Financial Group unique

  • September 2026 Beam acquisition adds digital-first ancillary benefits for 25,000 small businesses.
  • June 30, 2026 income suite automates annuity-backed retirement income starting around age 47.
  • August 26, 2026 Featured Partner Program deepens retirement-plan access to private-market strategies.

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Benefits

Hybrid Work Options

Meal Benefits

Life Insurance

Disability Insurance

Training Programs

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

5%

2 year growth

5%
Yahoo Finance
Jul 27th, 2026
Principal Financial Group Q2 2026 earnings up 17%, raises dividend 8% and returns $427M to shareholders

Principal Financial Group reported second quarter 2026 results, with non-GAAP operating earnings per diluted share of $2.42, up 17% year-over-year excluding significant variances. The company returned $427 million to shareholders through $250 million in share repurchases and $177 million in dividends. Principal announced a third quarter dividend increase of $0.02 to $0.84 per share, representing an 8% rise over the prior year. Assets under management reached $808 billion, part of $1.9 trillion in assets under administration. The firm maintains $1.6 billion in excess and available capital. Chair and CEO Deanna Strable highlighted growth across retirement, small business markets, and global asset management, noting strong earnings growth and return on equity expansion.

Associated Press
Jul 7th, 2026
Principal to acquire Beam Benefits for $175M in small business push

Principal Financial Group has agreed to acquire Beam Benefits, an employee benefits company serving over 25,000 small businesses. Beam offers dental, vision, and ancillary benefits through cloud-native technology with AI capabilities, generating approximately $175 million in premiums in 2025. The acquisition strengthens Principal's position in the small and midsized business segment. Principal currently serves 180,000 employers with retirement, benefits, and business owner solutions. The deal is expected to close in the latter half of 2026, subject to regulatory approvals. Principal expects the acquisition to accelerate premium and fee growth for Specialty Benefits to at or above the high end of its 5–9% medium-term target range in 2027. Beam Benefits CEO Tolithia Kornweibel said joining Principal represents "the natural next step" in the company's journey to transform employee benefits experiences for small businesses.

Yahoo Finance
Jul 1st, 2026
Principal Financial Group expands retirement income suite with automated annuity funds starting at age 47

Principal Financial Group has expanded its lifetime income suite, adding LifeTime Income Builder Index collective investment trust target date funds and new third-party retirement income options. The funds begin allocating to fixed indexed annuities around age 47 and aim to automatically activate a 6% income stream in retirement. The 30 June 2026 expansion aligns with Principal's strategy to deepen its role in defined contribution retirement plans, particularly for workers without traditional pensions. By partnering with third-party managers like TIAA/Nuveen, the company could strengthen its retirement positioning whilst fee income and asset flows face scrutiny. Principal's narrative projects $19.5 billion revenue and $2.3 billion earnings by 2029, requiring 8.1% yearly revenue growth. However, the near-term earnings impact remains uncertain, with persistent market volatility potentially pressuring retirement and asset management fees.

AktienSensor
Jun 15th, 2026
Principal Financial Group secures $16M revolving facility at 3.75% to fuel acquisitions and working capital

Principal Financial Group has secured a AUD 25 million revolving credit facility to support expansion and working capital needs. The three-year loan carries a fixed interest rate of 3.75% per annum and is secured by senior liens over PFG's Australian and UK subsidiaries. The facility enables PFG to maintain flexibility for acquisitions whilst shielding against rising global short-term rates, which have increased from 3.5% in 2023 to 4.1% in early 2024. Management expects the arrangement to improve the company's leverage ratio from 12.4% to 13.1% over the next fiscal year. The revolving structure allows PFG to draw and repay capital aligned with seasonal cash flows, reducing idle cash holdings. The company anticipates 5% incremental EBITDA growth from new revenue streams enabled by the facility.

Yahoo Finance
May 25th, 2026
Principal Financial stock outperforms S&P 500 with 34% gain as Q1 earnings beat estimates

Principal Financial Group shares have gained 34.3% over the past 52 weeks, outperforming the S&P 500's 28% returns, whilst rising 17.7% year-to-date against the index's 9.2% gain. The Des Moines-based company, with a $22.4 billion market cap, provides retirement solutions, asset management and insurance services globally. Shares rose 2.4% following Q1 2026 earnings on 23 April, after adjusted earnings per share climbed 13% year-over-year to $2.17, beating analyst estimates. Despite revenue declining slightly to $3.5 billion, improved profitability from lower expenses, margin expansion and stronger fee income drove investor confidence. Principal Financial managed $770.2 billion in assets under management as of 31 March 2026, part of $1.8 trillion in assets under administration.