Providers › Trustee and custodial
Service provider · Schedule C, plan year 2024
Northern Trust Company
Most often reported for trustee and custodial
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.
Northern Trust Company is named as a service provider on the Schedule C of 508 retirement plans with 100 or more participants for plan year 2024, covering 8,142,222 participant records. Most often it is reported for trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $109M. Per plan, the median was $28.96 per participant, with the middle half of plans between $10.88 and $60.35. 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 Illinois (80), Texas (55) and New York (46).
In 2009 it appeared on 495 such filings; in 2024, 522 (up 5%). 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 | $10.88 | $28.96 | $60.35 |
| Compensation as a share of plan net assets | 0.01% | 0.03% | 0.06% |
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 |
|---|---|---|---|---|---|
| Walmart 401(k) Plan | Walmart Inc. | AR | 1,970,230 | $50.7B | $969K |
| The Home Depot Futurebuilder | The Home Depot, Inc. | GA | 439,390 | $14.1B | $1.3M |
| Central States, Southeast & Southwest Areas Pension Plan | Trustees of Central States, SE and SW Areas Pension Fund | IL | 332,020 | $38.3B | $393K |
| IBM Personal Pension Plan | International Business Machines Corporation | NY | 144,666 | $17.6B | $3.6M |
| UFCW No. California Employers Joint Pension Plan | Board of Trustees, UFCW No. California Employers Joint Pension Plan | CA | 130,691 | $2.89B | $640K |
| Steelworkers Pension Trust | Steelworkers Pension Trust | PA | 123,674 | $7.18B | $2.7M |
| H-E-B Savings & Retirement Plan | H.e.butt Grocery Company | TX | 122,477 | $4.33B | $32K |
| State Farm Insurance Companies Retirement Plan for United States Employees | State Farm Mutual Automobile Insurance Company | IL | 114,467 | $37.7B | $238K |
| Accenture United States 401(k) Match and Savings Plan | Accenture LLP | IL | 112,414 | $21.3B | $24K |
| Motion Picture Industry Individual Account Plan | Board of Directors, Motion Picture Industry Pension | CA | 108,671 | $6.13B | $335K |
| Mayo Pension Plan | Mayo Clinic | MN | 93,747 | $11.7B | $2.9M |
| Intermountain Health 401(k) Plan | Intermountain Health Care, Inc. | UT | 86,655 | $6.83B | $436K |
| Morgan Stanley 401(k) Plan | Morgan Stanley Domestic Holdings, LLC | NY | 80,789 | $22.0B | $111K |
| United Mine Workers of America 1974 Pension Plan | Umwa 1974 Pension Trust Board of Trustees | DC | 71,051 | $3.71B | $611K |
| Procter & Gamble Profit Sharing Trust & Employee Stock Ownership Plan | The Procter & Gamble Company | OH | 69,403 | $21.2B | $518K |
| 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 | $70K |
| Sutter Health Retirement Plan | Sutter Health | CA | 66,154 | $5.87B | $1.6M |
| Allstate 401(k) Savings Plan | The Allstate Corporation | TX | 61,370 | $7.62B | $565K |
| Caterpillar 401(k) Savings Plan | Caterpillar Inc. | TX | 60,357 | $18.8B | $479K |
| Bae Systems Employees' Savings and Investment Plan | Bae Systems, Inc. | VA | 58,807 | $10.6B | $312K |
| UFCW No. California Food Employers Joint Individual Account Plan | Board of Trustees UFCW No. California Food Employers Joint Ind Account | CA | 58,508 | $267M | $61K |
| Pfizer Savings Plan | Pfizer Inc. | NY | 57,113 | $22.0B | $94K |
| New York Hotel Trades Council and Hotel Association of New York City, Inc. Pension Fund | Board of Trustees | NY | 56,488 | $2.60B | $310K |
| USAA Pension Plan | United Services Automobile Association | TX | 49,301 | $4.28B | $674K |
| 401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc. | Nike, Inc. | OR | 48,256 | $5.89B | $149K |
| Automatic Data Processing, Inc. Retirement and Savings Plan | Automatic Data Processing, Inc. | NJ | 46,258 | $7.26B | $242K |
| Cummins Pension Plan | Cummins Inc. | IN | 44,593 | $3.20B | $846K |
| The Procter & Gamble Savings Plan | The Procter & Gamble Company | OH | 42,915 | $5.37B | $174K |
| BJC Pension Plan | BJC Health System | MO | 42,843 | $2.64B | $1.1M |
| Northwell Health Pension Plan | Northwell Health, Inc. | NY | 42,096 | $2.74B | $751K |
| Laborers National Pension Fund | Board of Trustees of the Laborers National Pension Fund | TX | 40,898 | $1.53B | $98K |
| Automatic Data Processing Inc. Pension Retirement Plan | Automatic Data Processing, Inc. | NJ | 40,486 | $1.75B | $205K |
| Operating Engineers Pension Trust | Board of Trustees, Operating Engineers Pension Trust | CA | 40,018 | $3.65B | $16K |
| HSBC - North America (U.S.) Pension Plan | HSBC North America Holdings Inc. | IL | 39,143 | $2.86B | $677K |
| Marsh & McLennan Companies Retirement Plan | Marsh & McLennan Companies, Inc. | NY | 35,450 | $4.06B | $2.7M |
| UBS 401(k) Plan Trust | UBS AG | NJ | 34,848 | $10.2B | $373K |
| Ecolab Pension Plan | Ecolab Inc. | MN | 33,278 | $1.67B | $552K |
| Berkshire Hathaway Consolidated Pension Plan | Berkshire Hathaway Credit Corporation | NE | 33,094 | $4.96B | $626K |
| McDonald's Corporation 401(k) Plan | McDonald's Corporation and Subsidiaries | IL | 32,254 | $3.74B | $108K |
| Dow Employees' Pension Plan | The Dow Chemical Company | MI | 31,955 | $10.7B | $1.8M |
Questions and answers
How many plans does Northern Trust Company serve?
508 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 Northern Trust Company?
The median plan reported $28.96 per participant in direct and indirect compensation (508 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 Trustee (bank, trust company, or similar financial institution) (318 plans), Investment management (113 plans), Custodial (securities) (109 plans) and Trustee (directed) (78 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.