Providers › Trustee and custodial
Service provider · Schedule C, plan year 2024
Principal Custody Solutions
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.
Principal Custody Solutions is named as a service provider on the Schedule C of 89 retirement plans with 100 or more participants for plan year 2024, covering 253,975 participant records. Most often it is reported for trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $7.3M. Per plan, the median was $36.99 per participant, with the middle half of plans between $15.17 and $111. 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 (12), New Jersey (11) and New York (8).
In 2021 it appeared on 15 such filings; in 2024, 92. 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 | $15.17 | $36.99 | $111 |
| Compensation as a share of plan net assets | 0.02% | 0.06% | 0.18% |
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 |
|---|---|---|---|---|---|
| Verizon Pension Plan for Associates | Verizon Communications Inc. | NJ | 37,982 | $5.70B | $313K |
| Verizon Management Pension Plan | Verizon Corporate Services Group Inc. | NJ | 34,802 | $1.64B | $82K |
| Pension Plan of Local 464A | Pension Plan of Local 464A | NJ | 21,542 | $1.24B | $1.5M |
| Intermountain Retail Store Employees Pension Plan | Intermountain Retail Store Employees Pension Plan Board of Trustees | WA | 12,226 | $223M | $37K |
| The Brink's Company Frozen Pension Plan | The Brink's Company | VA | 10,102 | $588M | $133K |
| Nysa-Ila Pension Trust Fund & Plan | Board of Trustees, Nysa-Ila Pension Trust Fund and Plan | NJ | 8,915 | $1.36B | $64K |
| Les Schwab Profit Sharing Retirement Plan | Les Schwab Warehouse Center, LLC | OR | 8,803 | $865M | $127K |
| Alex Lee, Inc. and Affiliates Pension Plan | Alex Lee, Inc. | NC | 7,176 | $315M | $80K |
| Carmax, Inc. Pension Plan | Carmax, Inc. | VA | 7,046 | $199M | $196K |
| United Teamster Pension Fund a | Board of Trustees of United Teamster Pension Fund a | NY | 6,859 | $343M | $83K |
| New York-New Jersey Amalgamated Pension Plan for Acme Employees | New York-New Jersey Amalgamated Pension Plan for Acme Employees | NJ | 5,749 | $191M | $213K |
| Southern California Lumber Industry Retirement Fund | Board of Trustees, Southern California Lumber | CA | 5,715 | $205M | $70K |
| Revised Retirement Plan for Eligible Employees of the New York Stock Exchange & Subsidiary Companies | Nyse Group Inc. | GA | 4,516 | $653M | $110K |
| Silgan Closed Pension Plan | Silgan Containers Manufacturing Corporation | CA | 3,834 | $368M | $105K |
| Wakemed Pension Plan | Wakemed | NC | 3,403 | $96.9M | $75K |
| Shopmen's Iron Workers Retirement Fund of Southern California | JT Board of Trustees, Shopmen's Iron Workers Retirement Fund | CA | 3,385 | $89.3M | $12K |
| Mitsubishi Motors NA, Inc. - Manufacturing Div Pension Plan for Associates | Mitsubishi Motors North America, Inc. | TN | 2,548 | $236M | $29K |
| CF Industries Holdings, Inc. Pension Plan | CF Industries Holdings, Inc. | IL | 2,473 | $173M | $21K |
| Local 522 Pension Fund | Board of Trustees of Local 522 Pension Fund | NY | 2,458 | $123M | $37K |
| Oshkosh Corporation Hourly Employees' Retirement Plan | Oshkosh Corporation | WI | 2,386 | $166M | $65K |
| Iron Workers Local No. 5 & Iwea Employees Pension Trust Fund | Board of Trustees, Iron Workers Local No. 5 & Iwea | WA | 2,354 | $417M | $61K |
| Huntington Memorial Hospital Retirement Plan | Pasadena Hospital Association, Ltd. | CA | 2,320 | $119M | $21K |
| Local No. 863 Pension Plan | Local No. 863 Pension Plan | NJ | 2,308 | $366M | $326K |
| Oce Employees' Cash Accumulation Plan | Cusa Acquisition LLC | NY | 2,260 | $157M | $6,814 |
| Ogilvy & Mather Account Balance Defined Benefit Continuation Pension Plan | The Ogilvy Group, LLC | NY | 2,229 | $171M | $38K |
| Wwec Local 863 Pension Plan | Wwec Local 863 Pension Plan | NJ | 2,004 | $202M | $30K |
| Ryerson Pension Plan | Joseph T. Ryerson & Son, Inc. | IL | 1,966 | $200M | $52K |
| Kloeckner Metals Defined Benefit Plan | Kloeckner Metals Corporation | GA | 1,933 | $184M | $246K |
| Pierce Manufacturing Inc. Pension Plan | Pierce Manufacturing, Inc. | WI | 1,860 | $157M | $60K |
| Plumbers Lu No 690 Supplemental Retirement Plan | BD of Tees of Plumbers Lu No 690 SRP | PA | 1,800 | $156M | $18K |
| Pension Plan of the Employers-Shopmen's Local 516 Pension Trust | Board of Trustees, Employers-Shopmen's Local 516 | OR | 1,788 | $74.2M | $32K |
| Plumbers Local Union No. 690 Pension Fund | BD Tees Plumbers Lu 690 Pen Fund | PA | 1,673 | $282M | $25K |
| Axel Johnson Inc. Retirement Plan | Axel Johnson Inc. | CT | 1,632 | $78.7M | $65K |
| Mary Washington Healthcare Defined Benefit Retirement Plan | Mary Washington Healthcare | VA | 1,552 | $128M | $15K |
| The Seattle Times Pension Plan | Seattle Times Company | WA | 1,464 | $129M | $35K |
| Esco Corporation Pension Plan | Esco Group LLC | TX | 1,332 | $113M | $49K |
| Amended and Restated Blethen Maine Newspapers, Inc. Pension Plan | Seattle Times Company | WA | 1,328 | $53.3M | $65K |
| Stoel Rives Retirement Plan | Stoel Rives LLP | OR | 1,325 | $560M | $147K |
| Potlatchdeltic Retirement Plan | Potlatchdeltic Corporation | WA | 1,311 | $173M | $9,774 |
| Bricklayers & Allied Craftworkers Local No. 5 Pension Plan | Bricklayers & Allied Craftworkers Local No. 5 Pension Plan | NJ | 1,264 | $83.0M | $18K |
Questions and answers
How many plans does Principal Custody Solutions serve?
89 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 Principal Custody Solutions?
The median plan reported $36.99 per participant in direct and indirect compensation (89 plans reporting an amount), or 0.06% 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) (58 plans), Custodial (securities) (21 plans), Investment management (13 plans) and Other services (9 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.