Employers › Northern Trust
Recordkeeping fees per participant · The Northern Trust Company Thrift-incentive Plan · plan year 2024
$114.82
Higher than 99% of the 790 plans over $1B that report it.
= $1,600,404 / 13,938
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250626095956NAL0021140514001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626095956NAL0021140514001, received 2025-06-26
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-26.
Administrative expenses excluding investment management, per participant
$114.82
Higher than 93% of the 1,045 plans over $1B that report it.
= $1,600,404 / 13,938
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250626095956NAL0021140514001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626095956NAL0021140514001, received 2025-06-26
Administrative expenses per participant
$114.82
Higher than 77% of the 1,076 plans over $1B that report it.
= $1,600,404 / 13,938
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626095956NAL0021140514001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626095956NAL0021140514001, received 2025-06-26
Administrative expenses as a share of assets
0.048%
Higher than 51% of the 1,076 plans over $1B that report it.
= $1,600,404 / $3,335,090,472
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626095956NAL0021140514001, received 2025-06-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250626095956NAL0021140514001, received 2025-06-26
Employer contributions per participant
$2,448
Higher than 26% of the 1,135 plans over $1B that report it.
= $34,114,038 / 13,938
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626095956NAL0021140514001, received 2025-06-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626095956NAL0021140514001, received 2025-06-26
Employer share of total contributions
17.1%
Higher than 6% of the 1,135 plans over $1B that report it.
= $34,114,038 / $200,051,356
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626095956NAL0021140514001, received 2025-06-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250626095956NAL0021140514001, received 2025-06-26
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250626095956NAL0021140514001, received 2025-06-26
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE NORTHERN TRUST COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Plan name | THE NORTHERN TRUST COMPANY THRIFT-INCENTIVE PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Sponsor EIN / plan number | 36-1561860 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Sponsor location | CHICAGO, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Filing received | 2025-06-26 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Participants, beginning of year | 14,154 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Active participants | 9,702 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Participants, end of year | 13,997 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Participants with an account balance | 13,938 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Total assets, beginning of year | $2,921,359,623 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Total assets, end of year | $3,335,090,472 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Net assets, end of year | $3,325,452,837 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Total income | $650,286,235 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Net income | $404,743,600 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Employer contributions | $34,114,038 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Participant contributions | $133,450,273 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Other contributions (incl. rollovers) | $32,487,045 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Total contributions | $200,051,356 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Benefit payments | $243,942,231 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Total expenses (incl. benefit payments) | $245,542,635 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Total administrative expenses | $1,600,404 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Recordkeeping fees | $1,600,404 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Administrative expenses excluding investment management | $1,600,404 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Held in common/collective trusts | $2,989,501,113 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Held in mutual funds | $82,444,860 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250626095956NAL0021140514001, received 2025-06-26 |
| Independent auditor | GJC CPA'S & ADVISORS | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250626095956NAL0021140514001, received 2025-06-26 |
Position = column in the DOL layout for form year 2024. Filing 20250626095956NAL0021140514001, received 2025-06-26.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EDELMAN FINANCIAL ENGINES | NONE | 26 Investment advisory (participants); 51 Investment management fees paid directly by plan | $779,654 | no |
| THE PRUDENTIAL TRUST COMPANY | NONE | 28 Investment management; 51 Investment management fees paid directly by plan; 68 Soft dollars commissions; 71 Securities brokerage commissions and fees | $441,231 | yes |
| INVESCO CAPITAL MANAGEMENT | NONE | 28 Investment management; 51 Investment management fees paid directly by plan; 99 Other fees | $273,694 | yes |
| FID INV INST OPS COrecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees; 65 Account maintenance fees | $158,018 | no |
| THE NORTHERN TRUST COMPANY | PLAN SPONSOR | 28 Investment management; 50 Direct payment from the plan; 62 Float revenue | $101,265 | yes |
| GEORGE JOHNSON & COMPANY | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $30,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250626095956NAL0021140514001, received 2025-06-26.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,921,359,623 | $3,335,090,472 | 14.2% |
| Participants with a balance | 14,010 | 13,938 | -0.5% |
| Administrative expenses | $1,440,463 | $1,600,404 | 11.1% |
| Recordkeeping fees per participant | not reported | $114.82 | |
| Employer contributions | $32,971,740 | $34,114,038 | 3.5% |
Prior filing 20240627164910NAL0011615937001, received 2024-06-27; the plan years are contiguous.
Sponsor name as filed: THE NORTHERN TRUST COMPANY; SEC registrant: NORTHERN TRUST CO (CIK 919972, matched by EIN).