Retirement Plan Pricing Analyst III

Principal Financial Group; Des Moines (IA); Hybrid; USD 73,000 - 100,000; Full time

Benefits offered by this job

Flexible Time Off

Pension Eligible

Hybrid work environment

Job summary

Principal Financial Group in Des Moines, IA, is recruiting a Retirement Plan Pricing Analyst III to shape pricing strategies for our retirement plan business. You will partner with customer care and other teams to support client retention while protecting business economics.

You’ll analyze pricing, review plan economics, and develop recommendations across mid-market and large-market segments, using pricing models and Excel-based tools. This role blends analytical rigor with business influence.

Qualifications

• Bachelor's Degree or equivalent experience required.
• 6+ years of pricing, financial analysis, or related experience.
• DC retirement plan knowledge is highly preferred.
• Strong analytical and communication skills.

Responsibilities

• Analyze retirement plan pricing and profitability for assigned clients.
• Collaborate with customer care and internal partners on pricing changes.
• Review plan economics, benchmarks, and market trends to make pricing recommendations.
• Balance client retention with revenue and profitability goals.
• Provide pricing guidance and consultation to internal stakeholders.
• Utilize pricing models, Excel tools, macros, and reporting systems for decisions.
• Identify process improvements to increase efficiency.
• Maintain proactive communication and manage workload priorities.
• Support both mid-market and large-market retirement plan segments as needed.

Skills

Analytical thinking

Problem solving

Communication skills

Ability to influence

Pricing experience

DC retirement plan knowledge

Education

Bachelor's degree or equivalent experience

Tools

Microsoft Excel

Excel-based tools/macros

Pricing models & reporting systems

AI-enabled tools

Job description

What You'll Do

The Retirement Plan Pricing Analyst III is responsible for helping shape pricing strategies for our existing retirement plan business, partnering closely with customer care and other business partners to support client retention that meets clients’ needs while supporting the economics of the business. This role serves as a trusted advisor and informal influencer, using analytical skills, retirement plan knowledge, and pricing expertise to recommend pricing strategies, revenue concessions, and retention approaches.

Key Responsibilities

• Analyze retirement plan pricing and profitability across an assigned portfolio of clients
• Partner with internal customer care teams to evaluate requests related to retirement plan pricing changes and client retention strategies
• Review plan economics, internal benchmarks, market pricing trends, and service offerings to develop pricing recommendations
• Balance client retention objectives with revenue and profitability goals
• Manage relationships with numerous internal business partners and provide pricing guidance and consultation
• Use pricing models, Excel-based tools, macros, and reporting systems to support decision-making
• Identify process improvements and contribute ideas that increase efficiency and effectiveness
• Maintain strong communication with business partners and proactively manage assigned workload and priorities
• Collaborate across multiple business areas and support both mid-market and large-market retirement plan segments as needed

Who You Are

• Bachelor's Degree or equivalent experience is required
• 6+ years of experience in pricing, financial analysis, business analytics, retirement plan administration, retirement plan operations, or a related field is required
• Experience within the retirement plan industry is required, specifically defined contribution; Defined Contribution (DC) plan experience is preferred
• Strong analytical and problem-solving abilities
• Ability to learn complex business processes and apply sound business judgment
• Effective relationship-building and communication skills
• Ability to influence outcomes without direct authority

Skills That Will Help You Stand Out

• Defined contribution (DC) retirement plan experience
• Experience working with retirement plan administration, onboarding, servicing, or related functions
• Advanced proficiency with Microsoft Excel
• Experience using Excel-based tools, models, and macros
• Familiarity with AI-enabled tools, automation, or agent-based technologies
• Demonstrated ability to lead through influence and collaborate across multiple stakeholder groups
• Experience balancing financial analysis with customer retention and business objectives

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$73150 - $99750 / year

Time Off Program

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.

Pension Eligible

Yes

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical work week) from Des Moines, IA.

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Original Posting Date

11/5/2026

Most Recently Posted Date

11/5/2026

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