Defined Benefit (Pension) · DOL Form 5500 · 2022
Northwestern Mutual Life Ins.Co. Pension Plan
Data updated 2026-08-25
- $3.1B
- Total assets Very large vs avg
- 7,377
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $416,729
- Avg per participant High balance/head
Official DOL plan name: The Northwestern Mutual Employee Retirement Plan · Sponsored by Northwestern Mutual Life Ins.Co. · Wisconsin · Finance & Insurance
$3.1B in assets, 7,377 participants
Northwestern Mutual Life Ins.Co.'s The Northwestern Mutual Employee Retirement Plan reported $3.1B in total assets and 7,377 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #9,183 in Finance & Insurance (9,261 peers)
Coverage in Wisconsin
The Northwestern Mutual Employee Retirement Plan covers 7,377 participants in Wisconsin, 13x the typical Wisconsin plan (state average ~563 per filing). Assets: $3.1B.
- #9,183
- in Finance & Insurance (9,261 peers)
- -23.9%
- assets change YoY
- 31×
- vs typical plan assets (national mean)
The plan reported a net loss of $942M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Northwestern Mutual Employee Retirement Plan's outsized position by total assets
The Northwestern Mutual Employee Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$3,074,208,374 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Northwestern Mutual Employee Retirement Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Northwestern Mutual Employee Retirement Plan lands in the large band (7,377 participants).
Form 5500 schedule snapshot
Filing strip 390509570 · Northwestern Mutual Life Ins.Co. PY 2022 · Defined Benefit (Pension)
The Northwestern Mutual Employee Retirement Plan · $3.1B · 7,377 · 100th
- BOOK $3.1B
- VS-ST 7,377
- BOY 100th
- SCH Defined Benefit (Pension)
- EBSA near United Mine Workers of America 1974 Pension Plan
- PART ind #9183
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Wisconsin →
The Northwestern Mutual Employee Retirement Plan in the asset neighbourhood
Wisconsin filing particulars
| Total Assets (Beginning of Year) | $4.0B |
|---|---|
| Net Assets (End of Year) | $3.1B |
| Net Income | -$942M |
| Employer EIN | 390509570 |
| Plan Effective Date | 1947-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Northwestern Mutual Life Ins.Co.)
Sponsor-wide plan assets over time
All Northwestern Mutual Life Ins.Co. plans reported in each filing year
- Latest sponsor-wide plan assets
- $9.6B 12.691710490574781% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 27,987 | $8.6B |
| 2023 | 4 | 29,929 | $9.3B |
| 2024 | 4 | 30,138 | $9.6B |
Nearby Defined Benefit (Pension) Plans in Wisconsin
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Building Trades United Pension Trust Fund Milwaukee and Vicinity $3.0B · 9,724
- Rockwell Automation Pension Plan $2.1B · 3,077
- The Northwestern Mutual Life Insurance Company Agents Retirement Plan $1.9B · 7,278
- Harley-Davidson Retirement Plan $1.8B · 1,744
- Johnson Controls Pension Plan $1.7B · 28
Scale composition for The Northwestern Mutual Employee Retirement Plan
The Northwestern Mutual Employee Retirement Plan reports $3.1B in end-of-year assets across 7,377 participants (0.025% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $416,729 per participant (3.0x the national average assets-per-participant) . Net income for plan year 2022 was -$942M.
This plan identity (EIN 390509570, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.1B to $3.3B (+5.9%) while covered participants moved from 7,377 to 8,254 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,377 | $3.1B | This page |
| 2023 | 8,348 | $3.3B | Open filing |
| 2024 · index core | 8,254 | $3.3B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- The Northwestern Mutual Employee Retirement Plan (Defined Benefit (Pension), $3.3B, 8,254 participants)
- The Northwestern Mutual Employee Savings Plan (401(k), $2.9B, 8,232 participants)
- The Northwestern Mutual Life Insurance Company Agents Retirement Plan (Defined Benefit (Pension), $2.1B, 7,653 participants)
- The Northwestern Mutual Life Insurance Company Agents Persistency Fee Guarantee Fund (Profit Sharing, $1.4B, 5,999 participants)
The Northwestern Mutual Employee Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is United Mine Workers of America 1974 Pension Plan in DC ($3.1B); by covered participants it is Hotel Union and Hotel Industry of Hawaii Pension Plan in HI (7,370 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.1B here).
- United Mine Workers of America 1974 Pension Plan (DC) $3.1B · 61
- New York State Teamsters Conference Pension & Retirement Fund (NY) $3.1B · 9,974
- Consolidated Roche Retirement Plan (NJ) $3.0B · 2,293
- Nylic Retirement Plan (NY) $3.1B · 12,315
Similar participant headcount
Nearest other-state filings by covered participants (7,377 participants); asset peers above are excluded.
- Hotel Union and Hotel Industry of Hawaii Pension Plan (HI) 7,370 · 7 off
- Seafarers Pension Plan (MD) 7,399 · 22 off
- Nokia Retirement Income Plan (NJ) 7,413 · 36 off
- Laborers District Council of W PA Pension Fund (PA) 7,299 · 78 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.