Providers › Investment advisory and management
Service provider · Schedule C, plan year 2024
Western Asset Management 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.
Western Asset Management Company is named as a service provider on the Schedule C of 56 retirement plans with 100 or more participants for plan year 2024, covering 1,926,224 participant records. Most often it is reported for investment advisory and management.
Reported compensation from those plans, direct and indirect, totalled $18.9M. Per plan, the median was $17.50 per participant, with the middle half of plans between $11.96 and $38.48. 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 New York (12), Pennsylvania (6) and Michigan (5).
In 2009 it appeared on 161 such filings; in 2024, 60 (down 63%). 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 | $11.96 | $17.50 | $38.48 |
| Compensation as a share of plan net assets | 0.01% | 0.02% | 0.03% |
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 |
|---|---|---|---|---|---|
| Int'l Brotherhood of Electrical Workers' Pension Benefit Fund | International Brotherhood of Electrical Workers' Pension Benefit Fund | DC | 603,067 | $2.71B | $457K |
| 1199SEIU Health Care Employees Pension Fund | Board of Trustees of 1199SEIU Health Care Employees Pension Fund | NY | 296,800 | $16.1B | $2.1M |
| The Bank of America Pension Plan | Bank of America Corporation | RI | 168,197 | $17.6B | $3.5M |
| Western Unite Here and Employers Pension Fund | Board of Trustees, Western Unite Here and Employers | CA | 154,012 | $3.67B | $301K |
| The Citigroup Pension Plan | Citigroup Inc. | CT | 119,922 | $9.84B | $1.4M |
| 1199SEIU Home Care Employees Pension Fund | Board of Trustees of the 1199SEIU Home Care Employees Pension Fund | NY | 98,110 | $567M | $74K |
| Sutter Health Retirement Plan | Sutter Health | CA | 66,154 | $5.87B | $391K |
| Union Carbide Employees' Pension Plan | Union Carbide Corporation C/o the Dow Chemical Company | MI | 31,806 | $2.13B | $398K |
| Sprinkler Industry Supplemental Pension Fund | Sprinkler Industry Supplemental Pension Fund Joint Board of Trustees | MD | 29,607 | $2.94B | $1.1M |
| Children's Hospital Medical Center Retirement Plan | Children's Hospital Medical Center | OH | 23,634 | $1.21B | $0 |
| The Southern California Edison Company Retirement Plan | Southern California Edison Company | CA | 21,342 | $4.43B | $863K |
| New England Health Care Employees Pension Plan | Board of Trustees-New England Health Care Employees Pension Fund | CT | 21,117 | $1.01B | $289K |
| Xpo Pension Plan | Xpo CNW, Inc. | OR | 20,788 | $1.43B | $682K |
| Mason Tenders District Council Annuity Fund | Board of Trustees Mason Tenders District Council Annuity Fund | NY | 19,994 | $932M | $260K |
| Western Washington Laborers-Employers Pension Plan | Bot, Western Wa Laborers-Employers Pension Trust | WA | 19,989 | $1.47B | $109K |
| Locals 302 & 612 of the IUOE - Employers Construction Industry Retirement Plan | Board of Trustees, Locals 302 & 612 of the IUOE - | WA | 19,582 | $3.33B | $325K |
| Te Connectivity Retirement Savings and Investment Plan | Te Connectivity Corporation | PA | 15,295 | $3.08B | $149K |
| Heavy & General Laborers' Local Unions 472 & 172 of NJ Annuity Plan | BD of Trustees Heavy & General Laborers' of NJ Annuity Fund | NJ | 14,981 | $1.49B | $251K |
| Construction Industry Laborers Pension Fund | Construction Industry Laborers Pension Fund | MO | 14,224 | $1.05B | $186K |
| Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies | Norfolk Southern Corporation | GA | 14,020 | $2.54B | $610K |
| Pension Plan of the Chubb Corporation | Chubb Ina Holdings Inc. | PA | 13,753 | $3.75B | $843K |
| Carpenters Pension Trust Fund of Kansas City | Carpenters Pension Trust Fund of Kansas City | MO | 13,466 | $1.45B | $161K |
| UFCW Union Local 919 & Contributing Employers' Food Pension Fund | UFCW Union Local 919 & Contributing Empl Pension | CT | 12,913 | $470M | $152K |
| Deutsche Bank Cash Account Pension Plan | Deutsche Bank Americas Holding Corporation | NY | 11,994 | $1.11B | $131K |
| Pacific Coast Roofers Pension Plan | Board of Trustees for Pacific Coast Roofers Pension Plan | CA | 10,634 | $700M | $88K |
| NXP 401(k) Retirement Plan | NXP USA, Inc. | TX | 8,578 | $3.70B | $442K |
| Unicare Retirement Plan | Unilever United States, Inc. | NJ | 8,227 | $732M | $144K |
| Operating Engineers Local 428 Annuity Trust Fund | Operating Engineers Local 428 Annuity Trust Fund | AZ | 8,185 | $313M | $105K |
| Automotive Machinists Pension Plan | Automotive Machinists Pension Trust | WA | 7,159 | $843M | $87K |
| Hess Corporation Employees' Pension Plan | Hess Corporation | TX | 6,598 | $1.85B | $188K |
| National Grid USA Companies Final Average Pay Pension Plan | National Grid USA Service Company, Inc. | NY | 6,047 | $1.87B | $450K |
| Local 295 I.B.T. Employer Group Pension Trust Fund | Trustees of Local 295 I.B.T. Employer Group Pension Trust Fund | NY | 5,521 | $640M | $92K |
| Niagara Mohawk Pension Plan | National Grid USA Service Company, Inc. | NY | 4,923 | $1.10B | $121K |
| Pavers & Road Builders DC Pension Fund | Pavers & Road Builders DC Pension | NY | 3,945 | $775M | $63K |
| Duquesne Light Company Defined Benefit Retirement Plan | Duquesne Light Company | PA | 3,892 | $885M | $517K |
| Westlake Defined Benefit Plan | Westlake Management Services, Inc. | TX | 3,234 | $417M | $78K |
| Consolidated Retirement Plan of Dole Food Company, Inc. | Dole Food Company, Inc. | NC | 3,010 | $139M | $57K |
| Employees' Retirement Plan of the National Education Association | The National Education Association | DC | 2,972 | $901M | $973K |
| National Hockey League Players Retirement Benefit Plan | Benefits Committee of the National Hockey League Retirement Benefits P | NY | 2,380 | $863M | $68K |
| Plumbers & Pipefitters Local No 189 Pension Plan | Plumbers & Pipefitters Local No 189 and McAco | OH | 2,055 | $201M | $39K |
Questions and answers
How many plans does Western Asset Management Company serve?
56 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 Western Asset Management Company?
The median plan reported $17.50 per participant in direct and indirect compensation (51 plans reporting an amount), or 0.02% 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 (47 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.