401(k) · DOL Form 5500 · 2023

The Northern Trust Company 401(k) Plan

Data updated 2026-08-25

$2.9B
Total assets Very large vs avg
9,829
Participants Very large workforce
100th
Percentile by assets National rank
$297,218
Avg per participant High balance/head
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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.

  • #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.

#8,779
in Finance & Insurance (8,869 peers)
+15.7%
assets growth YoY
29×
vs typical plan assets (national mean)

The Northern Trust Company Thrift-Incentive Plan's outsized position 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 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Northern Trust Company Thrift-Incentive Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Northern Trust Company Thrift-Incentive Plan lands in the large band (9,829 participants).

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 361561860 · The Northern Trust Company PY 2023 · 401(k)

The Northern Trust Company Thrift-Incentive Plan · $2.9B · 9,829 · 100th

  • BOY $2.9B
  • BOY 9,829
  • BOY 100th
  • BOY 401(k)
  • BOY near The Caci Smart Plan
  • BOY ind #8779

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 Illinois →

The Northern Trust Company Thrift-Incentive Plan in the asset neighbourhood

The Caci Smart Plan$2.9BCfg Retirement Savings Plan$2.9BAbb Inc. Retirement Savings PlanAbb Inc. Retirement Savings …$2.9BThe Northern Trust Company Thrift-Incentive PlanThe Northern Trust Company T…$2.9BFairview Health Services 403b PlanFairview Health Services 403…$2.9B
End-of-year total assets ($B) among The Northern Trust Company Thrift-Incentive Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$2.5B
Net Assets (End of Year)$2.9B
Net Income$397M
Employer EIN361561860
Plan Effective Date1958-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Northern Trust Company)

Sponsor-wide plan assets over time

All The Northern Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$3.3B 32.131764025668446% vs 2022
2024 filing year
$2B$2.5B$3B$3.5B 202220232024 $2.52B $3.34B ▲ +32.5%
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 Scatter plot of 6 data points. -50000050000100000150000200000250000 05101520 Total assets ($B) Participants The Northern Trust Company Thrift-Incentive Plan, Total assets ($B): 2.921359623 · Participants: 9829The Northern Trust Company Thrift-Incentive PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
The Northern Trust Company Thrift-Incentive Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare The Northern Trust Company Thrift-Incentive Plan side-by-side with 3 peers →

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's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is The Caci Smart Plan in VA ($2.9B); by covered participants it is Employer Flexible 401(k) Plan in TX (9,830 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (9,829 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Northern Trust Company Thrift-Incentive Plan assets move in 2023? ▼
The Northern Trust Company Thrift-Incentive Plan grew sharply - up 15.7% during 2023, from $2.5B to $2.9B. Reported net income was $397M.
How have The Northern Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Northern Trust Company's sponsor-wide assets grew 32.1%, from $2.5B to $3.3B.
Where does The Northern Trust Company Thrift-Incentive Plan rank by assets among Form 5500 filers? ▼
The Northern Trust Company Thrift-Incentive Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to The Northern Trust Company Thrift-Incentive Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Caci Smart Plan in VA ($2.9B, 19,243 participants).
Which 401(k) plans cover a similar participant headcount to The Northern Trust Company Thrift-Incentive Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Employer Flexible 401(k) Plan in TX (9,830 participants, $211M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 361561860.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.