Who uses Morgan Stanley Smith Barney?

2,370 retirement plans list Morgan Stanley Smith Barney as a service provider on Schedule C of Form 5500. The largest clients by plan assets include Verizon Communications Inc., Southern Company Services, Inc., Consolidated Edison Company of New York, Inc., Board of Trustees of the I.A.M. National Pension Fund and American Express Company and Its Participating Subsidiaries. Most client plans are sponsored in CA, NY and OH.

How many plans does Morgan Stanley Smith Barney serve?

Morgan Stanley Smith Barney serves 2,370 retirement plans with $480.6B in plan assets and 5,589,115 participants, based on the latest Form 5500 filings through 2024.

What does Morgan Stanley Smith Barney charge?

Plans reported $198M in total Schedule C compensation paid to Morgan Stanley Smith Barney. The median plan paid $39K. Fees vary with plan size and the services each plan buys.

Filings through Oct 24, 2026.

Morgan Stanley Smith Barney

Matched across 523 name variants in the filings

Morgan Stanley Smith Barney summary

Morgan Stanley Smith Barney appears on 2,370 retirement plans in Form 5500 Schedule C filings through plan year 2024. Those plans hold $480.6B in assets for 5,589,115 participants. The median client plan holds $32.5M. Most client plans are sponsored in CA, NY and OH. The largest clients by plan assets are Verizon Communications Inc., Southern Company Services, Inc. and Consolidated Edison Company of New York, Inc.. Plans reported $198M in direct and indirect compensation paid to Morgan Stanley Smith Barney. The median is $39K per plan.

Participants: 5,589,115
Median plan assets: $32.5M
Median plan participants: 428
Median fees per plan: $39K; Schedule C direct + indirect

Top 25 client plans by assets

Latest Form 5500 filing per plan through 2024

Sponsor	State	Assets	Participants
Verizon Communications Inc.	NJ	$31.3B	112,629
Southern Company Services, Inc.	GA	$16.6B	58,821
Consolidated Edison Company of New York, Inc.	NY	$16.3B	26,293
Board of Trustees of the I.A.M. National Pension Fund	DC	$16.0B	307,518
American Express Company and Its Participating Subsidiaries	NY	$10.5B	39,763
BD of Trustees Sheet Metal Workers' National Pension Fund	VA	$10.0B	153,043
Tenet Healthcare Corporation	TX	$9.5B	141,695
Steelworkers Pension Trust	PA	$8.1B	124,466
Board of Trustees-New York State Nurses Association Pension Plan	NY	$6.6B	47,291
Exelon Corporation	IL	$6.2B	23,507
Nextera Energy, Inc.	FL	$5.8B	29,411
BD of Tr of the Pension, Hosp & Benefit PL of the Elec Ind-Pension	NY	$5.3B	40,749
National Medical Care, Inc.	MA	$4.8B	75,158
Baker Hughes Holdings LLC	TX	$4.4B	20,849
Intuit Inc.	CA	$4.2B	41,891
Hitachi America, Ltd.	NY	$4.1B	26,205
Ohio Operating Engineers Pension Plan	OH	$3.9B	20,036
WSP USA Buildings Inc.	NY	$3.8B	27,473
Pinnacle West Capital Corporation	AZ	$3.2B	15,617
Pace Industry Union-Management Pension Fund	TN	$3.0B	59,464
Board of Trustees NY Hotel Trades Council and Hotel Assn.	NY	$3.0B	57,265
The Medical College of Wisconsin, Inc.	WI	$3.0B	10,093
Northwell Health, Inc.	NY	$2.9B	46,906
Valero Energy Corporation	TX	$2.9B	11,844
Duke University	NC	$2.8B	40,202

Verizon Communications Inc.$31.3B
NJParticipants 112,629
Southern Company Services, Inc.$16.6B
GAParticipants 58,821
Consolidated Edison Company of New York, Inc.$16.3B
NYParticipants 26,293
Board of Trustees of the I.A.M. National Pension Fund$16.0B
DCParticipants 307,518
American Express Company and Its Participating Subsidiaries$10.5B
NYParticipants 39,763
BD of Trustees Sheet Metal Workers' National Pension Fund$10.0B
VAParticipants 153,043
Tenet Healthcare Corporation$9.5B
TXParticipants 141,695
Steelworkers Pension Trust$8.1B
PAParticipants 124,466
Board of Trustees-New York State Nurses Association Pension Plan$6.6B
NYParticipants 47,291
Exelon Corporation$6.2B
ILParticipants 23,507
Nextera Energy, Inc.$5.8B
FLParticipants 29,411
BD of Tr of the Pension, Hosp & Benefit PL of the Elec Ind-Pension$5.3B
NYParticipants 40,749
National Medical Care, Inc.$4.8B
MAParticipants 75,158
Baker Hughes Holdings LLC$4.4B
TXParticipants 20,849
Intuit Inc.$4.2B
CAParticipants 41,891
Hitachi America, Ltd.$4.1B
NYParticipants 26,205
Ohio Operating Engineers Pension Plan$3.9B
OHParticipants 20,036
WSP USA Buildings Inc.$3.8B
NYParticipants 27,473
Pinnacle West Capital Corporation$3.2B
AZParticipants 15,617
Pace Industry Union-Management Pension Fund$3.0B
TNParticipants 59,464
Board of Trustees NY Hotel Trades Council and Hotel Assn.$3.0B
NYParticipants 57,265
The Medical College of Wisconsin, Inc.$3.0B
WIParticipants 10,093
Northwell Health, Inc.$2.9B
NYParticipants 46,906
Valero Energy Corporation$2.9B
TXParticipants 11,844
Duke University$2.8B
NCParticipants 40,202

Top client states

CA324 plans
NY283 plans
OH131 plans
TX131 plans
NJ124 plans

Frequently asked questions

Who uses Morgan Stanley Smith Barney?: 2,370 retirement plans list Morgan Stanley Smith Barney as a service provider on Schedule C of Form 5500. The largest clients by plan assets include Verizon Communications Inc., Southern Company Services, Inc., Consolidated Edison Company of New York, Inc., Board of Trustees of the I.A.M. National Pension Fund and American Express Company and Its Participating Subsidiaries. Most client plans are sponsored in CA, NY and OH.
How many plans does Morgan Stanley Smith Barney serve?: Morgan Stanley Smith Barney serves 2,370 retirement plans with $480.6B in plan assets and 5,589,115 participants, based on the latest Form 5500 filings through 2024.
What does Morgan Stanley Smith Barney charge?: Plans reported $198M in total Schedule C compensation paid to Morgan Stanley Smith Barney. The median plan paid $39K. Fees vary with plan size and the services each plan buys.

Analytics

Market position · 2024

Plans served2,370+202 YoYRank #11 of mapped providers

Assets under administration$480.6B0.5%Rank #32 by share of filed assets

Fees received$198MMedian $39,447/planSum across Schedule C direct + indirect

Net wins YoY+71359 won - 288 lostPlan-level switch detection

Plans served · 5-year trajectory

Plan count by year, with the share of all plans.

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Customer-base shape

Participant bands, asset bands, top states and top industries.

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5-year plans-served trajectory
Customer-base shape
Median fees per service
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Plans won and lost
Top plans by assets

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Fund lineups on plans this firm keeps

Search these plans

Large plans that name Morgan Stanley as recordkeeper and list their funds in their filing.

Plans

240

$12.1B in funds

In collective trusts

average plan

In Morgan Stanley funds

average plan

In index funds

29%

average plan

Top managers in these lineups

Manager	Plans
Vanguard	141
BlackRock	101
Capital Group	86
Fidelity (FMR)	85
JPMorgan	57

Target-date series

Series	Plans
American Funds Target Date	34
Vanguard Target Retirement	26
Nuveen Lifecycle Index	17
T. Rowe Price Retirement	14
Fidelity Freedom Index	9

Covers 71,410 large plans that list their funds in their annual filing. Updated Nov 6, 2026. Shares describe these plans, not the whole market.