Providers › Investment advisory and management
Service provider · Schedule C, plan year 2024
Towers Watson Investment Services
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, 155 retirement plans with 100 or more participants reported paying Towers Watson Investment Services $5,000 or more. Those plans cover 1,420,903 participant records, and the service most often reported is investment advisory and management.
Reported compensation from those plans, direct and indirect, totalled $30.1M. Per plan, the median was $34.31 per participant, with the middle half of plans between $10.27 and $88.37. 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 (18), Michigan (18) and New York (13).
In 2009 it appeared on 37 such filings; in 2024, 157. 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 | $10.27 | $34.31 | $88.37 |
| Compensation as a share of plan net assets | 0.01% | 0.04% | 0.12% |
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 |
|---|---|---|---|---|---|
| Mayo 403(b) Plan | Mayo Clinic | MN | 114,636 | $12.8B | $7,360 |
| GE Healthcare Pension Plan | GE Healthcare Technologies Inc. | IL | 93,650 | $13.7B | $2.4M |
| U.S. Bank Pension Plan | U.S. Bancorp | MN | 73,390 | $4.38B | $102K |
| Allstate 401(k) Savings Plan | The Allstate Corporation | TX | 61,370 | $7.62B | $100K |
| Tractor Supply Company 401(k) Retirement Savings Plan | Tractor Supply Company | TN | 61,116 | $560M | $264K |
| Jones Lang Lasalle Savings and Retirement Plan | Jones Lang Lasalle Americas, Inc. | IL | 47,898 | $3.87B | $93K |
| The 401(k) Plan | Health Care Service Corporation | TX | 46,212 | $3.92B | $147K |
| Memorial Hermann Health System Employees' Retirement Savings Plan | Memorial Hermann Health System | TX | 40,140 | $3.32B | $79K |
| Time Warner Cable Pension Plan | Charter Communications, Inc. | NC | 34,730 | $2.29B | $2.5M |
| Iqvia 401(k) Plan | Iqvia Inc. | NC | 33,208 | $3.56B | $143K |
| Farmers Group, Inc. 401(k) Savings Plan | Farmers Group, Inc. | CA | 28,962 | $4.89B | $46K |
| Yum Brands 401(k) Plan | Yum Brands, Inc. | KY | 25,422 | $989M | $13K |
| Whirlpool 401(k) Retirement Plan | Whirlpool Corporation | MI | 24,954 | $3.45B | $21K |
| Ameren Retirement Plan | Ameren Corporation | MO | 23,302 | $4.38B | $476K |
| PPG Industries, Inc. Employee Savings Plan | PPG Industries, Inc. | PA | 23,059 | $4.29B | $110K |
| State Street Salary Savings Program | State Street Corporation | MA | 21,533 | $6.53B | $174K |
| Foot Locker 401(k) Plan | Foot Locker, Inc. | NY | 20,217 | $450M | $149K |
| Barclays 401(k) Plan | Barclays Services Corporation | NY | 19,531 | $3.55B | $170K |
| Gannett Media Corp. 401(k) Savings Plan | Gannett Media Corp. | NY | 18,766 | $1.57B | $115K |
| Dover Corporation Retirement Savings Plan | Dover Corporation | IL | 18,306 | $1.86B | $25K |
| Wayfair LLC 401(k) Plan & Trust | Wayfair LLC | MA | 17,988 | $786M | $113K |
| Linde U.S. Pension Plan | Linde Inc. | CT | 17,786 | $2.07B | $122K |
| Baystate Health, Inc. Retirement Plan | Baystate Health, Inc. | MA | 17,769 | $1.41B | $96K |
| Retirement Plan for Hospital Employees | Board of Trustees Retirement Plan for Hospital Employees | CA | 17,381 | $1.20B | $1.6M |
| Dycom Industries, Inc. Retirement Savings Plan | Dycom Industries, Inc. | FL | 16,902 | $402M | $155K |
| The Hershey Company 401(k) Plan | The Hershey Company | PA | 16,793 | $2.13B | $384K |
| Nutrien 401(k) Retirement Plan | Nutrien US LLC | CO | 16,683 | $1.96B | $465K |
| American Express Retirement Plan | American Express Company and Its Participating Subsidiaries | NY | 16,121 | $1.01B | $256K |
| Yum Brands Retirement Plan | Yum Brands, Inc. | KY | 16,102 | $644M | $433K |
| Phillips 66 Retirement Plan | Phillips 66 Company | TX | 15,952 | $2.20B | $139K |
| Te Connectivity Retirement Savings and Investment Plan | Te Connectivity Corporation | PA | 15,295 | $3.08B | $104K |
| Comerica Incorporated Retirement Income Account Plan | Comerica Incorporated | TX | 14,456 | $2.74B | $146K |
| Carrier Retirement Savings Plan | Carrier Global Corporation | FL | 13,622 | $998M | $124K |
| Battelle Employees' Savings Plan | Battelle Memorial Institute | OH | 13,617 | $3.40B | $120K |
| Ameriprise Financial 401(k) Plan | Ameriprise Financial, Inc. | MN | 12,302 | $3.62B | $132K |
| NCR Pension Plan | Cardtronics USA, Inc. | GA | 11,871 | $990M | $635K |
| Hormel Foods Corporation Pension Plan | Hormel Foods Corporation | MN | 11,782 | $1.04B | $69K |
| Schwan's Company Retirement Savings Plan | Schwans Shared Services, LLC | MN | 11,319 | $632M | $154K |
| Gannett Retirement Plan | Gannett Media Corp. | NY | 11,234 | $864M | $284K |
| Stericycle, Inc. 401(k) Retirement Plan | Stericycle, Inc. | IL | 11,061 | $417M | $168K |
Questions and answers
How many plans does Towers Watson Investment Services serve?
155 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 Towers Watson Investment Services?
The median plan reported $34.31 per participant in direct and indirect compensation (154 plans reporting an amount), or 0.04% 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) (85 plans), Investment management (35 plans), Consulting (general) (27 plans) and Consulting (pension) (20 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.