Northern Trust
trustee120 known aliases resolved via the canonical alias map
Market position · 2024
Plans served681-8 YoYRank #39 of mapped providers
Assets under administration$1.06T1.2%Market share · rank #8
Fees received$134MMedian $91,051/planSum across Schedule C direct + indirect
Net wins YoY-774 won · 81 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical Northern Trust plan look like?
Service mix · median fees per plan
Count of plans where Northern Trust ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Trustee (discretionary); Securities brokerage; Investment management; Trustee (bank, trust company, or similar financial institution); Direct payment from the plan; Investment management fees paid directly by planCode 21 | 308 | $111,789 | |
Trustee (discretionary); Trustee (directed); Other services; Direct payment from the plan; Investment management fees paid directly by plan; Trustee (bank, trust company, or similar financial institution); Custodial (securities)Code 19 | 115 | $75,319 | |
Soft dollars commissions; Investment management fees paid directly by plan; Investment managementCode 28 | 104 | $40,001 | |
Trustee (directed); Sub-transfer agency fees; Direct payment from the planCode 25 | 43 | $118,880 | |
Trustee (directed); Other services; Investment management; Investment management fees paid indirectly by plan; Custodial (securities); Trustee (bank, trust company, or similar financial institution); Custodial (other than securities); Direct payment from the plan; Other fees; Soft dollars commissions; Investment management fees paid directly by planCode 18 | 25 | $60,227 | |
Shareholder servicing fees; Investment management fees paid indirectly by plan; Other servicesCode 49 | 17 | $33,575 | |
Trustee (bank, trust company, or similar financial institution); Contract Administrator; Recordkeeping and information management (computing, tabulating, data processing, etc.)Code 13 | 14 | $71,976 | |
Trustee (bank, trust company, or similar financial institution); Recordkeeping and information management (computing, tabulating, data processing, etc.)Code 15 | 14 | $199,473 |
Competitor overlap
Percent of Northern Trust's plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under Northern Trust.
| Sponsor | From | Assets |
|---|---|---|
INTERNATIONAL BUSINESS MACHINES CORPORATIONNY · 130871985-001 | PwC | $17.9B |
BOARD OF TRUSTEES OF 1199SEIU HEALTH CARE EMPLOYEES PENSION FUNDNY · 133604862-001 | Health Management Systems, Inc. | $16.9B |
THE HOME DEPOT, INC.GA · 953261426-001 | (new plan) | $14.1B |
ENTERGY CORPORATIONLA · 721229752-003 | T. Rowe Price | $4.4B |
H.E.BUTT GROCERY COMPANYTX · 740537175-001 | Matterhorn Investment Management | $4.3B |
FACTORY MUTUAL INSURANCE COMPANYRI · 050316605-001 | Rockport Investment Partners | $3.0B |
AMICA MUTUAL INSURANCE COMPANYRI · 050348344-001 | Pension Innovations & Consulting | $1.7B |
WILLIAM BEAUMONT HOSPITALMI · 381459362-001 | State Street | $1.4B |
R. R. DONNELLEY & SONS COMPANYIL · 361004130-003 | Empower | $1.4B |
BAXTER INTERNATIONAL INC.IL · 360781620-003 | (new plan) | $1.3B |
Plans lost in 2024
Appeared last year under Northern Trust; not this year.
| Sponsor | To | Assets |
|---|---|---|
METLIFE GROUP, INC.NJ · 550790010-003 | MetLife | $7.7B |
FIRSTENERGY CORP.OH · 341843785-001 | LexisNexis | $7.1B |
B/O/T UNITED ASSOCIATION NATIONAL PENSION FUNDVA · 526152779-001 | Riverbridge Partners | $6.7B |
PARKER HANNIFIN CORPORATIONOH · 340451060-080 | Legal & General Investment Management America | $3.7B |
OLD REPUBLIC INTERNATIONAL CORP.IL · 362678171-002 | CBIZ | $1.9B |
NCR CORPORATIONGA · 310387920-052 | Fidelity Investments | $1.9B |
LSC COMMUNICATIONS LLCIL · 853418344-004 | (new plan) | $1.5B |
HUNTON ANDREWS KURTH LLPVA · 540572269-003 | Financial Engines Advisors LLC | $1.2B |
BALL CORPORATIONCO · 350160610-001 | PIMCO | $951M |
MODERN WOODMEN OF AMERICAIL · 361493430-001 | BlackRock | $828M |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
WALMART INC.AR · 710415188-003 | $50.8B | 1,970,230 | $968,611 | 10y | - |
TRUSTEES OF CENTRAL STATES, SE AND SW AREAS PENSION FUNDIL · 366044243-001 | $48.2B | 332,020 | $393,305 | 10y | - |
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANYIL · 370533100-001 | $37.7B | 114,467 | $238,174 | 4y | 1 |
EXXON MOBIL CORPORATIONTX · 135409005-334 | $23.7B | 37,812 | $516,433 | 10y | - |
MORGAN STANLEY DOMESTIC HOLDINGS, LLCNY · 208764829-003 | $22.2B | 80,789 | $111,255 | 9y | - |
PFIZER INCNY · 135315170-002 | $22.0B | 57,113 | $94,083 | 10y | - |
THE PROCTER & GAMBLE COMPANYOH · 310411980-002 | $22.0B | 69,403 | $517,816 | 10y | - |
ACCENTURE LLPIL · 720542904-102 | $21.3B | 112,414 | $24,332 | 10y | - |
CATERPILLAR INC.TX · 370602744-035 | $18.8B | 60,357 | $478,795 | 10y | - |
INTERNATIONAL BUSINESS MACHINES CORPORATIONNY · 130871985-001 | $17.9B | 144,666 | $4M | 2y | - |
Flag exposure
94.0%Market: 89.1%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (120)
Raw Schedule C names collapsed into Northern Trust.
- FOUNDERS CAPITAL MANAGEMENT
- FOUNDERS CAPITAL MANAGEMENT LLC
- FOUNDRY GROUP
- FOUNDRY INVESTMENT MANAGEMENT
- FOUNDRY PARTNERS LLX
- FOUNDRY PARTNERS MICRO VALUE
- FOUNDRYPARTNERS
- FOUNTAIN FINANCIAL ASSOCIATES
- FOUNTAIN PARKER HARB ARGER
- FOUNTAIN, ARRINGTON, BASS
- FOUNTAIN, ARRINGTON, BASS, MERCER
- FOUR FIFTEEN GROUP CPAS
- FOUR O ONE K SAFE
- FOUR RIVERS COMBINED 401(K) PLAN
- FOUR SEASONS GROUP INC
- FOUR SEASONS GROUP LLC
- FOUR WINDS, INC.
- FOURTH DIMENSION FINANCIAL
- FOURTH STREET FINANCIAL ADVISORS
- FOURTH STREET PERFOMANCE PARTNERS
- FOURTH STREET PERFORMANCE PART
- FOURTH STREET PERFORMANCE PARTNERS
- FOUTS & MORGAN CPA
- FOUTS & MORGAN CPA'S, P.C.
- FOUTS & MORGAN, CPA
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /plans size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for Northern Trust's book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 14 | 2.06% | 7.76% | -5.71 pp |
| Fidelity bond gap | 2 | 0.29% | 26.94% | -26.65 pp |
| Late contributions | 12 | 1.76% | 1.71% | 0.05 pp |
| Failed to provide benefit | 4 | 0.59% | 0.14% | +0.45 pp |
| Corrective distributions | 26 | 3.82% | 1.76% | +2.06 pp |
| Loss discovered | 1 | 0.15% | 0.00% | +0.14 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with Northern Trust. Compare to the incumbent market share (1.0%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-1.0 pp vs incumbent
Frequent partners by role
Who else shows up on Northern Trust's plans most often. Switch tabs by counterparty role - high-overlap names are either referral channels (advisors, auditors) or competitive blocks (other recordkeepers).
| Partner | Shared plans | % of book |
|---|---|---|
| WTW | 177 | 26.0% |
| Mercer | 148 | 21.7% |
| Aon | 144 | 21.1% |
| PIMCO | 78 | 11.4% |
| NISA Investment Advisors | 64 | 9.4% |
| Loomis Sayles | 50 | 7.3% |
| The Segal Company | 43 | 6.3% |
| Legal & General Investment Management America | 39 | 5.7% |
| Milliman | 39 | 5.7% |
| Goldman Sachs Asset Management | 36 | 5.3% |
Geographic penetration index
(Provider plans in state / state plans) divided by the provider's overall share of the market. Index 1.00 = average; > 1 = over-indexed (winning more than their fair share); < 1 = under-indexed (white space).