401(k) · DOL Form 5500 · 2023
The Northern Trust Company 401(k) Plan
Data updated 2026-08-11
- $2.9B
- Total assets
- 9,829
- Participants
- 100th
- Percentile by assets
- $297,218
- Avg per participant
Official DOL plan name: The Northern Trust Company Thrift-Incentive Plan · Sponsored by The Northern Trust Company · Illinois · Finance & Insurance
$2.9B in assets, 9,829 participants
The Northern Trust Company's The Northern Trust Company Thrift-Incentive Plan reported $2.9B in total assets and 9,829 participants in its 2023 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.
- 100th percentile by assets (of 127,072 plans)
- #8,779 in Finance & Insurance (8,869 peers)
Coverage in Illinois
The Northern Trust Company Thrift-Incentive Plan covers 9,829 participants in Illinois, 13x the typical Illinois plan (state average ~779 per filing). Assets: $2.9B.
- $2.9B
- total plan assets (2023 EOY)
- 9,829
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $297,218
- avg assets per participant
Where The Northern Trust Company Thrift-Incentive Plan sits by total assets
The Northern Trust Company Thrift-Incentive Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,921,359,623 Top 1% higher than 100% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Northern Trust Company Thrift-Incentive Plan reported net income rose from -$586M in the plan year 2022 filing to $397M in the plan year 2023 filing.
- The Northern Trust Company Thrift-Incentive Plan end-of-year assets rose from $2.5B in the plan year 2022 filing to $2.9B in the plan year 2023 filing.
- The Northern Trust Company Thrift-Incentive Plan reported participants rose from 9,107 in the plan year 2022 filing to 9,829 in the plan year 2023 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. The Northern Trust Company Thrift-Incentive Plan reports 9,829 participants - 13x that state average ($2.9B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $2.5B |
|---|---|
| Net Assets (End of Year) | $2.9B |
| Net Income | $397M |
| Employer EIN | 361561860 |
| Plan Effective Date | 1958-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Northern Trust Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 9,107 | $2.5B |
| 2023 | 1 | 9,829 | $2.9B |
| 2024 | 1 | 9,576 | $3.3B |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Northern Trust Company Thrift-Incentive Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
Scale composition for The Northern Trust Company Thrift-Incentive Plan
The Northern Trust Company Thrift-Incentive Plan reports $2.9B in end-of-year assets across 9,829 participants (0.024% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $297,218 per participant (2.2x the national average assets-per-participant) . Net income for plan year 2023 was $397M.
This plan identity (EIN 361561860, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.5B to $3.3B (+32.1%) while covered participants moved from 9,107 to 9,576 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,107 | $2.5B | Open filing |
| 2023 | 9,829 | $2.9B | This page |
| 2024 · index core | 9,576 | $3.3B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- The Northern Trust Company Thrift-Incentive Plan (401(k), $3.3B, 9,576 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Northern Trust Company Thrift-Incentive Plan by total assets, not by location.
- The Caci Smart Plan (VA) $2.9B · 19,243
- Cfg Retirement Savings Plan (RI) $2.9B · 19,047
- Abb Inc. Retirement Savings Plan (NC) $2.9B · 13,587
- Fairview Health Services 403b Plan (MN) $2.9B · 23,886
Frequently Asked Questions
How did The Northern Trust Company Thrift-Incentive Plan assets move in 2023? ▼
How have The Northern Trust Company plan assets changed over time? ▼
Where does The Northern Trust Company Thrift-Incentive Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Northern Trust Company Thrift-Incentive Plan? ▼
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Filing takeaways
Ways to act on The Northern Trust Company Thrift-Incentive Plan's numbers.
- By total assets, The Northern Trust Company Thrift-Incentive Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- The Northern Trust Company's sponsor-wide assets have grown 32.1% since 2022 across 3 plan years on file. More Finance & Insurance plans