Providers › Investment advisory and management
Service provider · Schedule C, plan year 2024
Lazard Asset Management LLC
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.
Lazard Asset Management LLC is named as a service provider on the Schedule C of 44 retirement plans with 100 or more participants for plan year 2024, covering 929,612 participant records. Most often it is reported for investment advisory and management.
Reported compensation from those plans, direct and indirect, totalled $8.1M. Per plan, the median was $22.77 per participant, with the middle half of plans between $8.76 and $50.90. 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 New York (12), Texas (4) and Michigan (3).
In 2009 it appeared on 43 such filings; in 2024, 50. 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 | $8.76 | $22.77 | $50.90 |
| Compensation as a share of plan net assets | 0.01% | 0.02% | 0.03% |
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 |
|---|---|---|---|---|---|
| Legacy Plan of the National Retirement Fund | BD of Trustees-Legacy Plan of the National Retirement Fund | NY | 184,550 | $1.83B | $426K |
| National Electrical Annuity Plan | Trustees of the National Electrical Annuity Plan | MD | 182,716 | $16.8B | $772K |
| Citi Retirement Savings Plan | Citigroup Inc. | CT | 121,279 | $23.2B | $711K |
| Mayo Pension Plan | Mayo Clinic | MN | 93,747 | $11.7B | $670K |
| Rocky Mountain UFCW Unions and Employers Retail and Meat Pension Plan | Trustees of the Rocky Mountain UFCW Pension Plan C/o Zenith American S | CO | 68,000 | $1.29B | $131K |
| Massachusetts Laborers' Annuity Fund | Bd. of Trustees of Mass. Laborers Annuity Fund | MA | 31,668 | $2.26B | $192K |
| New York District Council of Carpenters Pension PL | Board of Trustees of Nycdcc Pension Fund | NY | 30,149 | $5.21B | $329K |
| Michigan Laborers' Pension Plan | Board of Trustees Michigan Laborers' Pension Fund | MI | 28,837 | $1.33B | $290K |
| Massachusetts Laborers' Pension Fund | Board of Trustees of Massachusetts Laborers' Pension Fund | MA | 22,433 | $2.50B | $158K |
| International Brotherhood of Teamsters Union Local 710 Pension Fund | Trustees of I.B. of T. Union Local 710 Pension Fund | IL | 21,566 | $4.39B | $315K |
| Xpo Pension Plan | Xpo CNW, Inc. | OR | 20,788 | $1.43B | $135K |
| Mason Tenders District Council Annuity Fund | Board of Trustees Mason Tenders District Council Annuity Fund | NY | 19,994 | $932M | $218K |
| Mason Tenders' District Council Pension Fund | Board of Trustees Mason Tenders District Council Pension Fund | NY | 19,759 | $1.93B | $267K |
| Phillips 66 Retirement Plan | Phillips 66 Company | TX | 15,952 | $2.20B | $679K |
| Conocophillips Retirement Plan | Conocophillips Company | TX | 10,055 | $1.42B | $272K |
| Hess Corporation Employees' Pension Plan | Hess Corporation | TX | 6,598 | $1.85B | $467K |
| Arizona Pipe Trades Pension Plan | Board of Trustees Arizona Pipe Trades Pension Plan | AZ | 5,112 | $412M | $44K |
| Joint Pension Fund of Local Union No 102 | Joint Pension Fund of Local Union No 102 IBEW Board of Trustees | NJ | 4,355 | $718M | $261K |
| Building Trades Pension Plan of Western Pennsylvania | Board of Trustees Building Trades Pension Plan of Western Pennsylvan. | OH | 3,907 | $115M | $42K |
| Local 580 Pension Fund | Board of Trustees Local 580 Pension Fund | NY | 3,282 | $927M | $345K |
| Torrance Health Association Employees Retirement Plan | Torrance Health Association | CA | 2,854 | $436M | $106K |
| International Association of Machinists and Aerospace Workers Pension Plan | International Association of Machinists and Aerospace Workers | MD | 2,728 | $887M | $25K |
| Utah Pipe Trades Pension Trust Fund | Board of Trustees, Utah Pipe Trades Pension | CA | 2,499 | $263M | $151K |
| General Building Laborers' Local 66 Annuity Fund | Board of Trustees General Building Lab Local 66 Annuity Fund | NY | 2,456 | $141M | $108K |
| Electrician's Retirement Fund | The Building Industry Electrical Contractors Association, Inc. | NY | 2,208 | $236M | $79K |
| General Building Laborers' Local 66 Pension Fund | Board of Trustees General Building Local 66 Pension Fund | NY | 2,073 | $218M | $49K |
| Iron Workers Local 401 Annuity Fund | Board of Trustees Iron Workers Local 401 Annuity Fund | PA | 1,866 | $140M | $23K |
| Norton Rose Fulbright US LLP Pension Plan | Norton Rose Fulbright US LLP | TX | 1,832 | $498M | $140K |
| Riceland Foods, Inc. Employee Benefit Pension Plan | Riceland Foods, Inc. | AR | 1,785 | $319M | $58K |
| Sheet Metal Workers Local No. 292 Pension Fund | Board of Trustees, Sheet Metal Workers Local No. 292 Pension Fund | MI | 1,621 | $164M | $0 |
| IBEW Local 269 Pension Plan | IBEW Local 269 Pension Fund | NJ | 1,589 | $220M | $95K |
| Transit Management of Southeast Louisiana, Inc. Retirement Income Plan | Transit Management of Southeast Louisiana, Inc. | LA | 1,568 | $172M | $8,477 |
| I.U.O.E. Annuity Fund Local 137,137A,137B,137C, and 137R | Board of Trustees I.U.O.E. Annuity Local 137 137A 137B 137C 137R | NY | 1,556 | $253M | $24K |
| Laborers Local 235 Pension Fund | Board of Trustees Laborers Local 235 Pension Fund | NY | 1,556 | $103M | $106K |
| Pension Plan of the IUOE Local 137 137A 137B 137C 137R, AFL-CIO | BD of Trustees Pension Plan of the IUOE 137 137A 137B 137C 137R Aflcio | NY | 1,422 | $270M | $68K |
| Local Union 400 I.B.E.W. Pension Plan | Int'l Brotherhood of Elect. Workers Local Union 400 Pension Fund | NJ | 1,284 | $187M | $112K |
| Hawaii Sheet Metal Workers Pension Fund | Hawaii Sheet Metal Workers Pension Fund | HI | 1,107 | $315M | $102K |
| Hawaii Sheet Metal Workers Annuity Profit Sharing | Hawaii Sheet Metal Workers Annuity Profit Sharing Fund | HI | 689 | $109M | $45K |
| Retirement and Pension Plan for Officers & Employees of the Nycdcc and Related Organizations | BD Trustees Ret and Pension Plan for Officers and | NY | 656 | $105M | $23K |
| Gsc-Ila Local 1303 Pension Plan | Gsc-Ila Local 1303 Pension Plan | MS | 433 | $41.4M | $12K |
Questions and answers
How many plans does Lazard Asset Management LLC serve?
44 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 Lazard Asset Management LLC?
The median plan reported $22.77 per participant in direct and indirect compensation (42 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 (31 plans), Investment advisory (plan) (5 plans) and Investment advisory (participants) (2 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.