Providers › Investment advisory and management
Service provider · Schedule C, plan year 2024
Morningstar
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.
For plan year 2024, 378 retirement plans with 100 or more participants reported paying Morningstar $5,000 or more. Those plans cover 1,161,113 participant records, and the service most often reported is investment advisory and management.
Reported compensation from those plans, direct and indirect, totalled $5.8M. Per plan, the median was $8.23 per participant, with the middle half of plans between $3.08 and $18.06. 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 Texas (38), New York (38) and California (36).
In 2009 it appeared on 26 such filings; in 2024, 381. 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 | $3.08 | $8.23 | $18.06 |
| Compensation as a share of plan net assets | 0.01% | 0.01% | 0.02% |
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 |
|---|---|---|---|---|---|
| The Teamster - UPS National 401(k) Tax Deferred Savings Plan | Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan | GA | 478,185 | $19.3B | $77K |
| TD 401(k) Retirement Plan | TD Bank US Holding Company | ME | 49,123 | $5.97B | $129K |
| Hyatt Corporation Retirement Savings Plan | Hyatt Corporation | IL | 45,742 | $2.49B | $12K |
| Carmax, Inc. Retirement Savings Plan | Carmax, Inc. | VA | 33,911 | $1.81B | $17K |
| Sanofi U.S. Group Savings Plan | Sanofi-Aventis US LLC | NJ | 26,596 | $8.49B | $42K |
| Teamhealth 401(k) Plan | Ameriteam Services, LLC | TN | 24,708 | $1.80B | $1.0M |
| WSP USA Retirement Savings Plan | WSP USA Buildings Inc. | NY | 23,617 | $3.32B | $48K |
| The Consolidated Edison Thrift Savings Plan | Consolidated Edison Company of New York, Inc. | NY | 21,431 | $6.35B | $32K |
| Tower Health 403(b) Plan | Tower Health | PA | 15,838 | $1.13B | $29K |
| BDO USA Retirement Plan | BDO USA, P.C. | IL | 15,045 | $1.94B | $116K |
| Carrier Retirement Savings Plan | Carrier Global Corporation | FL | 13,622 | $998M | $141K |
| Sonepar USA 401 (K) Plan | Sonepar Management US, Inc. | SC | 13,478 | $1.21B | $106K |
| Arcadis U.S., Inc. Retirement Savings Plan | Arcadis U.S., Inc. | CO | 11,799 | $2.26B | $14K |
| Salt River Project Employees' Retirement Plan | Salt River Valley Water Users Association | AZ | 11,406 | $2.90B | $31K |
| Snap-On Incorporated 401(k) Savings Plan | Snap-On Incorporated | WI | 9,632 | $983M | $27K |
| Allianz Asset Accumulation Plan | Azoa Services Corporation | MN | 8,736 | $2.11B | $25K |
| HNTB Ownership Plan | HNTB Holdings Ltd. | MO | 8,663 | $2.18B | $86K |
| Kuehne & Nagel 401(k) Plan | Kuehne & Nagel Inc. | NJ | 8,521 | $552M | $12K |
| HNTB Retirement and Savings Plan | HNTB Holdings Ltd. | MO | 8,421 | $623M | $242K |
| Arvest Bank 401(k) & Profit Sharing Retirement Plan | Arvest Bank | AR | 8,139 | $926M | $26K |
| Republic Airways Holdings Inc. 401(k) Plan | Republic Airways Holdings Inc. | IN | 8,136 | $578M | $16K |
| Radiology Partners, Inc. 401(k) Profit Sharing Plan | Radiology Partners Inc. | TX | 7,123 | $412M | $80K |
| Bayhealth Medical Center, Inc. Retirement and Savings Plan | Bayhealth Medical Center, Inc. | DE | 6,309 | $539M | $16K |
| Ascensus, LLC 401(k) Savings Plan | Ascensus, LLC. | PA | 6,097 | $622M | $7,853 |
| Pool Corporation 401(k) Plan | SCP Distributors, LLC | LA | 6,024 | $436M | $12K |
| Crawford & Company Savings & Investment Plan | Crawford & Company | GA | 5,870 | $593M | $17K |
| Greenberg Traurig 401(k) Plan | Greenberg Traurig, PA | FL | 5,543 | $1.64B | $9,850 |
| Marvell Semiconductor 401(k) Retirement Plan | Marvell Semiconductor, Inc. | CA | 5,466 | $1.36B | $22K |
| Ampex Brands Retirement Savings Plan | Ampex Brands | TX | 5,435 | $7.7M | $1,218 |
| Clyde Companies, Inc. 401(k) Retirement Plan | Clyde Companies, Inc. | UT | 5,100 | $326M | $92K |
| Pomona Valley Hospital Medical Center Retirement Savings Plan | Pomona Valley Hospital Medical Center | CA | 4,869 | $594M | $23K |
| Nice Systems, Inc. 401(k) Plan | Nice Systems, Inc. | NJ | 4,861 | $545M | $208K |
| Pay Deferral and Savings Plan of Hines Interests Limited Partnership | Hines Interests Limited Partnership | TX | 4,550 | $873M | $33K |
| The Lamar Savings and Profit Sharing Plan | Lamar Media Corp. | LA | 4,286 | $517M | $15K |
| Consolidated Communications, Inc. 401(k) Plan | Consolidated Communications, Inc. | TX | 4,264 | $1.16B | $12K |
| Pinnacle Treatment Centers Employee 401(k) Plan | Pinnacle Treatment Centers, Inc. | NJ | 4,125 | $41.3M | $5,561 |
| Northbay Healthcare 403(b) Retirement Plan | Northbay Healthcare Corporation | CA | 3,856 | $501M | $337K |
| Daiichi Sankyo, Inc. Savings and Retirement Plan | Daiichi Sankyo, Inc. | NJ | 3,730 | $964M | $11K |
| Eteam Inc. 401(k) Plan | Eteam Inc. | NJ | 3,707 | $14.3M | $1,966 |
| Dayforce Savings and Investment Plan | Dayforce US, Inc. | MN | 3,669 | $633M | $22K |
Questions and answers
How many plans does Morningstar serve?
378 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 Morningstar?
The median plan reported $8.23 per participant in direct and indirect compensation (374 plans reporting an amount), or 0.01% 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 advisory (plan) (291 plans), Investment advisory (participants) (45 plans), Investment management (40 plans) and Other services (4 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.