Not having any experience with Principal but I have used Fidelity as well in my job have access and are partnered with 5 other invest firms that offer plans. I am happy to send over an easy comparison sheet if you would like to shoot me an email I will reply with the info. rodneychronister.rc@gmail.com

Not sure I can help you make your decision but happy to help you weigh your options. I have clients utilizing both. eric.bokesch@marinerwealthadvisors.com

We use Fidelity, they are, in my opinion, the best administrators for 401k plans!  Although we also have an independent financial advisor who monitors/advises on our fund offerings and can provide investment guidance to our employees in the plan.

Same same same!!! We just went through an RFP comparing the two and landed on Principal. They are such a solid fit for us and felt like a warm hug. Did you decide yet?? Interested in hearing your opinions and thoughts about the two. I can share our score card and thoughts as well. Schamblee@acerelocation.com

Both are good options...but it's equally important to hire a proper investment advisor. As a plan sponsor you have fiduciary responsibilities... which include making sure the investment options are appropriate, 12b-1 fees and aligned, etc. Your investment advisor acts as an unbiased consultant to help guide you. I'm glad to share more if you are interested. jenny.vonderwerth@onedigital.com | 408-218-6177