Providers › Investment advisory and management
Service provider · Schedule C, plan year 2024
Newtower Trust Company
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, 63 retirement plans with 100 or more participants reported paying Newtower Trust Company $5,000 or more. Those plans cover 533,120 participant records, and the service most often reported is investment advisory and management.
Reported compensation from those plans, direct and indirect, totalled $9.0M. Per plan, the median was $30.67 per participant, with the middle half of plans between $17.99 and $48.49. 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 Maryland (9), Pennsylvania (7) and New York (6).
In 2015 it appeared on 13 such filings; in 2024, 65. 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 | $17.99 | $30.67 | $48.49 |
| Compensation as a share of plan net assets | 0.02% | 0.03% | 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 |
|---|---|---|---|---|---|
| National Electrical Annuity Plan | Trustees of the National Electrical Annuity Plan | MD | 182,716 | $16.8B | $1.0M |
| Laborers Pension Trust Fund for Northern California | Board of Trustees Laborers Pension Trust Fund for Northern California | CA | 44,826 | $5.45B | $39K |
| Mid-America Carpenters Regional Council Pension Fund | Board of Trustees of Mid-America Carpenters Regional Council Pension F | IL | 37,623 | $6.30B | $291K |
| Midwest Operating Engineers Pension Trust Fund | Trustees of the Midwest Operating Engineers Pension Trust Fund | IL | 31,707 | $5.77B | $790K |
| Southern Electrical Retirement Fund | Board of Trustees - Southern Electrical Retirement Fund | TN | 25,932 | $2.19B | $385K |
| New England Health Care Employees Pension Plan | Board of Trustees-New England Health Care Employees Pension Fund | CT | 21,117 | $1.01B | $343K |
| Eighth District Electrical Pension Fund | Board of Trustees, Eighth District Electrical Pension | NV | 21,064 | $1.25B | $222K |
| Electrical Workers Local No. 26 Pension Trust Fund | Electrical Workers Local No 26 Pension Trust Fund | MD | 13,539 | $1.03B | $185K |
| Ironworkers National Pension Plan | Ironworkers National Pension Plan Board of Trustees | IL | 13,533 | $502M | $255K |
| UFCW Union Local 919 & Contributing Employers' Food Pension Fund | UFCW Union Local 919 & Contributing Empl Pension | CT | 12,913 | $470M | $141K |
| IUOE Stationary Engineers Local 39 Pension Plan | Bot of IUOE Stationary Engineers Local 39 Pension Plan | CA | 10,962 | $1.95B | $766K |
| Local 153 Pension Fund | Joint Board of Trustees of Local 153 Pension Fund | NY | 10,123 | $129M | $61K |
| Electrical Workers Deferred Income Plan Local 103, I.B.E.W. | Joint Board of Trustees, Electrical | MA | 10,105 | $1.77B | $481K |
| Heating, Piping and Refrigeration Pension FD Pension Fund | BD of Tees Heating, Piping & Refrigeration Pension Fund | MD | 8,132 | $1.36B | $374K |
| Local 282 Pension Trust Fund | Board of Trustees of Local 282 | NY | 7,375 | $1.35B | $419K |
| Chicago Painters and Decorators Pension Fund | Board of Trustees of Chicago Painters and Decorators Pension FD | IL | 6,443 | $1.20B | $215K |
| Plumbers' & Pipefitters' Local Union 562 Pension Fund | Trustees, Plumbers' & Pipefitters' Local Pension Fund | MO | 5,866 | $818M | $154K |
| Western PA Electrical Employees Pension Trust Fund | Board of Trustees,ibew Local Union No 5 & Western PA Chapter Neca | PA | 4,769 | $823M | $373K |
| International Brotherhood of Electrical Workers Local Union 98 Pension Plan | Board of Trustees International Brotherh Electrical Workers Pension PL | PA | 4,626 | $623M | $139K |
| Sheet Metal Workers Pension Fund of Local Union No. 19 | Sheet Metal Workers Pension Fund of Local Union | PA | 4,207 | $519M | $169K |
| I.U.O.E. Local 132 Pension Fund | I.U.O.E. Local 132 Pension Fund | WV | 4,062 | $559M | $232K |
| Sheet Metal Workers Local 17 Annuity Income Fund | Sheet Metal Workers Local No. 17 Annuity Income Fund | MA | 4,044 | $656M | $151K |
| Plumbers and Steamfitters Local 486 Pension Fund | Plumbers and Steamfitters 486 Pension Fund Board of Trustees | MD | 3,602 | $382M | $65K |
| St. Paul Electrical Construction Pension Plan | Board of Trustees St. Paul Electrical Construction Pension Plan | MN | 3,435 | $388M | $57K |
| Local No. 8 IBEW Retirement Plan & Trust | Board of Trustees Local No. 8 IBEW Retirement Plan & Trust | OH | 3,162 | $650M | $200K |
| Northwest Bricklayers Pension Plan | Northwest Bricklayers Pension Trust | OR | 2,270 | $132M | $82K |
| U.A. Local No. 447 Pension Fund | Board of Trustees, U.A. Local No. 447 Pension Fund | CA | 2,019 | $274M | $83K |
| Bac Local No. 1 Washington Pension Trust | Bac Local No. 1 Washington Pension Trust | WA | 1,765 | $163M | $12K |
| Kern County Electrical Workers Pension Fund | Board of Trustees, Kern County Electrical Workers | CA | 1,736 | $200M | $41K |
| IBEW Local 269 Pension Plan | IBEW Local 269 Pension Fund | NJ | 1,589 | $220M | $48K |
| Hagerstown Motor Carriers and Teamsters Pension Plan | Board of Trustees Hagerstown Motor Carriers and | MD | 1,522 | $223M | $42K |
| Bac Local 23 North Shore Chapter Pension Fund | Joint Board of Trustees of Bac Local 23 North Shore Chapter | OH | 1,495 | $112M | $14K |
| Asbestos Workers Philadelphia Pension Fund | Asbestos Workers Philadelphia Pension Fund | PA | 1,471 | $221M | $79K |
| Operating Eng. Local 474 Defined Contribution | Operating Eng. Local 474 Defined Contribution | TN | 1,442 | $61.3M | $41K |
| Plumbers and Pipefitters of the Carolinas Defined Contribution Plan | The Board of Trustees of Plumbers and Pipefitters of the Carolinas Def | FL | 1,377 | $62.2M | $38K |
| Ironworkers Local Union No. 167 Pension Plan | Board of Trustees - Ironworkers Local Union No. 167 Pension Plan | TN | 1,218 | $72.9M | $31K |
| Iubac - Local Union Officers & Employees Pension Plan | BD of Trustees Iubac Local Union Officer & Empl Pension Plan | DC | 1,209 | $147M | $12K |
| IBEW Local 505 Neca Pension Plan | IBEW Local 505 Neca Pension Plan | AL | 1,071 | $71.7M | $40K |
| IBEW Local Union 573 Profit Sharing Plan and Trust | Profit Sharing Plan and Trust IBEW No. 573 Pension Trust Fund | OH | 1,059 | $29.4M | $4,490 |
| Pension Plan of Steamfitters Pension Fund 475 | Board of Trustees Pension Plan of Steamfitters Pension Fund Local 475 | NJ | 1,045 | $198M | $40K |
Questions and answers
How many plans does Newtower Trust Company serve?
63 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 Newtower Trust Company?
The median plan reported $30.67 per participant in direct and indirect compensation (63 plans reporting an amount), or 0.03% 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 (55 plans), Trustee (bank, trust company, or similar financial institution) (8 plans), Custodial (securities) (6 plans) and Investment advisory (plan) (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.