Principal Financial Group IRA Review

Overall 3.00 of 5 view all 2 reviews

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plz
Bloomington, IL

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Worst company to manage your 401K savings

an aggressive investor

JUN

2008

I have a current 401K with Principal Financial Group. Have already contacted them 3 times about funds not being available in my acount. They sometimes block your funds and make it impossible for you to protect yourself in a going down market. So even if you predict the market is going down you cannot transfer in others funds like Money Market as they will not make the funds available to you until the market has reach the bottom. They are rude and don't care about you having to delay your retirement 2-3 year because their own mistakes. They once have appologied to me that one of thei employees has lost a transfer order so is was not executed for 3 weeks. I do not have the option to replace them as I'm still with my employer that has a corporate account with them, but I will definitevely find onther 401K retirement manager once I change my employment. If you have a choice don't use them. You will end up frustrated and having to delay your retirement because of their mistaskes.