Providers › Investment advisory and management
Service provider · Schedule C, plan year 2024
BlackRock Financial Management, Inc.
Most often reported for investment advisory and management
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
BlackRock Financial Management, Inc. is named as a service provider on the Schedule C of 57 retirement plans with 100 or more participants for plan year 2024, covering 2,428,873 participant records. Most often it is reported for investment advisory and management.
Reported compensation from those plans, direct and indirect, totalled $38.1M. Per plan, the median was $24.19 per participant, with the middle half of plans between $7.36 and $59.17. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in California (11), Virginia (7) and New York (6).
In 2009 it appeared on 80 such filings; in 2024, 61 (down 24%). Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $7.36 | $24.19 | $59.17 |
| Compensation as a share of plan net assets | 0.01% | 0.02% | 0.05% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| Central States, Southeast & Southwest Areas Pension Plan | Trustees of Central States, SE and SW Areas Pension Fund | IL | 332,020 | $38.3B | $4.0M |
| UPS Pension Plan | United Parcel Service of America, Inc. | GA | 246,785 | $9.28B | $95K |
| National Electrical Annuity Plan | Trustees of the National Electrical Annuity Plan | MD | 182,716 | $16.8B | $1.0M |
| Sheet Metal Workers' National Pension Fund | BD of Trustees Sheet Metal Workers' National Pension Fund | VA | 152,375 | $8.26B | $600K |
| IBM 401(k) Plan | International Business Machines Corporation | NY | 149,818 | $59.4B | $1.1M |
| IBM Personal Pension Plan | International Business Machines Corporation | NY | 144,666 | $17.6B | $1.0M |
| UPS Retirement Plan | United Parcel Service of America, Inc. | GA | 144,570 | $21.2B | $217K |
| Building Service 32BJ Pension Fund | Board of Trustees of the Building Service 32BJ Pension Fund | NY | 121,234 | $4.57B | $837K |
| The PNC Financial Services Group, Inc. Pension Plan | The PNC Financial Services Group, Inc. | PA | 115,646 | $5.53B | $2.1M |
| Ups/ibt Full-Time Employee Pension Plan | Board of Trustees of the Ups/ibt Full-Time Pension Plan | GA | 102,332 | $12.2B | $122K |
| 401(k) Pension Plan | National Rural Electric Cooperative Association | VA | 80,475 | $16.7B | $1.6M |
| Target Corporation Pension Plan | Target Corporation | MN | 75,775 | $3.29B | $323K |
| Pacific Gas and Electric Company Retirement Plan | Pacific Gas and Electric Company | CA | 58,892 | $17.5B | $2.1M |
| Retirement Plan for Employees of Aetna Inc. | Aetna Inc. | CT | 49,504 | $5.19B | $751K |
| General Dynamics Retirement Plan (Government) | General Dynamics Corporation | VA | 28,661 | $2.68B | $1.7M |
| Consolidated Edison Retirement Plan | Consolidated Edison Company of New York, Inc. | NY | 26,696 | $15.5B | $2.6M |
| General Dynamics Retirement Plan (Electric Boat and Mission Systems) | General Dynamics Corporation | VA | 26,451 | $4.08B | $2.6M |
| Directors Guild of America - Producer Pension Plan Supplemental Benefit Plan | Board of Trustees, Directors Guild of America - | CA | 25,726 | $2.30B | $615K |
| Nokia SAVINGS/401(K) Plan | Nokia of America Corporation | NJ | 24,880 | $8.95B | $938K |
| Exelon Corporation Retirement Program | Exelon Corporation | IL | 23,999 | $6.05B | $261K |
| Club Pension Plan | Automobile Club of So California | CA | 23,954 | $2.61B | $178K |
| Weyerhaeuser Pension Plan | Weyerhaeuser Company | WA | 19,501 | $1.48B | $1.8M |
| Pension Plan of General Atomics | General Atomics | CA | 19,371 | $1.02B | $2.0M |
| Zurich American Insurance Company Retirement Account Plan | Zurich American Insurance Company | IL | 18,921 | $1.20B | $266K |
| Paccar Inc. Retirement Plan | Paccar Inc. | WA | 18,129 | $2.60B | $501K |
| Constellation Retirement Program | Constellation Energy Generation LLC | PA | 17,060 | $4.99B | $36K |
| Celanese Americas Retirement Pension Plan | Celanese Americas LLC | TX | 17,027 | $1.85B | $417K |
| Genuine Parts Company Pension Plan | Genuine Parts Company | GA | 15,587 | $1.96B | $1.0M |
| Pinnacle West Capital Corporation Retirement Plan | Pinnacle West Capital Corporation | AZ | 15,460 | $3.06B | $772K |
| Directors Guild of America-Producer Pension Plan Basic Benefit Plan | Board of Trustees, Directors Guild of America- | CA | 14,707 | $2.46B | $485K |
| Pension Plan of the Chubb Corporation | Chubb Ina Holdings Inc. | PA | 13,753 | $3.75B | $33K |
| Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees | Xcel Energy Inc. | MN | 11,750 | $1.24B | $294K |
| General Dynamics Retirement Plan (Commercial) | General Dynamics Corporation | VA | 10,678 | $1.78B | $1.1M |
| Pepco Holdings LLC Retirement Plan | Exelon Corporation | IL | 10,110 | $1.86B | $83K |
| Constellation Employee Pension Plan | Constellation Energy Generation LLC | PA | 7,495 | $1.20B | $7,465 |
| Blue Shield of California Employees Retirement Plan | California Physicians Service DBA Blue Shield of California | CA | 6,718 | $561M | $138K |
| Hess Corporation Employees' Pension Plan | Hess Corporation | TX | 6,598 | $1.85B | $327K |
| Foster Farms Group Pension Plan | Foster Poultry Farms | CA | 6,544 | $378M | $90K |
| New Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees | Xcel Energy Inc. | MN | 6,472 | $860M | $225K |
| Owens Corning Merged Retirement Plan | Owens Corning | OH | 6,192 | $336M | $44K |
Questions and answers
How many plans does BlackRock Financial Management, Inc. serve?
57 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay BlackRock Financial Management, Inc.?
The median plan reported $24.19 per participant in direct and indirect compensation (56 plans reporting an amount), or 0.02% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Investment management (44 plans), Other services (7 plans), Trustee (bank, trust company, or similar financial institution) (4 plans) and Trustee (discretionary) (3 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.