401(k) · DOL Form 5500 · 2022
Northwestern Mutual Life Ins. Co. 401(k) Plan
Data updated 2026-08-25
- $2.4B
- Total assets Very large vs avg
- 7,423
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $321,432
- Avg per participant High balance/head
Official DOL plan name: Nm Employee Savings Plan · Sponsored by Northwestern Mutual Life Ins. Co. · Wisconsin · Finance & Insurance
$2.4B in assets, 7,423 participants
Northwestern Mutual Life Ins. Co.'s Nm Employee Savings Plan reported $2.4B in total assets and 7,423 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.
- #9,163 in Finance & Insurance (9,261 peers)
Coverage in Wisconsin
Nm Employee Savings Plan covers 7,423 participants in Wisconsin, 13x the typical Wisconsin plan (state average ~563 per filing). Assets: $2.4B.
- #9,163
- in Finance & Insurance (9,261 peers)
- -4.8%
- assets change YoY
- 24×
- vs typical plan assets (national mean)
The plan reported a net loss of $121M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Nm Employee Savings Plan's outsized position by total assets
Nm Employee Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,385,991,887 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
Nm Employee Savings 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. Nm Employee Savings Plan lands in the large band (7,423 participants).
DOL schedule card
Filing strip 390509570 · Northwestern Mutual Life Ins. Co. PY 2022 · 401(k)
Nm Employee Savings Plan · $2.4B · 7,423 · 100th
- SCH $2.4B
- SCH 7,423
- SCH 100th
- SCH 401(k)
- SCH near Texas Health 401(k) Retirement Plan
- SCH ind #9163
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 →
Nm Employee Savings Plan in the asset neighbourhood
Wisconsin filing particulars
| Total Assets (Beginning of Year) | $2.5B |
|---|---|
| Net Assets (End of Year) | $2.4B |
| Net Income | -$121M |
| Employer EIN | 390509570 |
| Plan Effective Date | 1985-01-01 |
| 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 401(k) Plans in Wisconsin
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Johnson Controls Retirement Savings and Investment Plan $5.5B · 28,701
- Fiserv 401(k) Savings Plan $4.3B · 26,610
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan $4.0B · 11,034
- Rockwell Automation Retirement Savings Plan $3.2B · 8,032
- Gundersen Lutheran Employees' Retirement Plan $2.2B · 7,026
Scale composition for Nm Employee Savings Plan
Nm Employee Savings Plan reports $2.4B in end-of-year assets across 7,423 participants (0.019% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $321,432 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2022 was -$121M.
This plan identity (EIN 390509570, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.4B to $2.9B (+21.2%) while covered participants moved from 7,423 to 8,232 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,423 | $2.4B | This page |
| 2023 | 8,299 | $2.7B | Open filing |
| 2024 · index core | 8,232 | $2.9B | 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)
Nm Employee Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Wisconsin, the nearest 401(k) by assets is Texas Health 401(k) Retirement Plan in TX ($2.4B); by covered participants it is Commercial Metals Companies Retirement Plan in TX (7,424 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.4B here).
- Texas Health 401(k) Retirement Plan (TX) $2.4B · 25,510
- Hitachi Employee 401(k) Retirement Plan (NY) $2.4B · 5,621
- Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Savings Plan (CT) $2.4B · 8,375
- Eastman Kodak Employees' Savings and Investment Plan (NY) $2.4B · 2,121
Similar participant headcount
Nearest other-state filings by covered participants (7,423 participants); asset peers above are excluded.
- Commercial Metals Companies Retirement Plan (TX) 7,424 · 1 off
- H & M Hennes & Mauritz 401(k) Plan (NJ) 7,425 · 2 off
- The Goodyear Tire & Rubber Company Savings Plan for Retail Employees (OH) 7,413 · 10 off
- La-Z-Boy Incorporated Retirement Savings Plan (MI) 7,411 · 12 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.