Defined Benefit (Pension) · DOL Form 5500 · 2023
Northwestern Mutual Life Ins.Co. Pension Plan
Data updated 2026-08-25
- $2.1B
- Total assets Very large vs avg
- 7,368
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $282,835
- Avg per participant High balance/head
Official DOL plan name: The Northwestern Mutual Life Insurance Company Agents Retirement Plan · Sponsored by Northwestern Mutual Life Ins.Co. · Wisconsin · Finance & Insurance
$2.1B in assets, 7,368 participants
Northwestern Mutual Life Ins.Co.'s The Northwestern Mutual Life Insurance Company Agents Retirement Plan reported $2.1B in total assets and 7,368 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- #8,748 in Finance & Insurance (8,869 peers)
Coverage in Wisconsin
The Northwestern Mutual Life Insurance Company Agents Retirement Plan covers 7,368 participants in Wisconsin, 13x the typical Wisconsin plan (state average ~563 per filing). Assets: $2.1B.
- #8,748
- in Finance & Insurance (8,869 peers)
- +8.1%
- assets growth YoY
- 21×
- vs typical plan assets (national mean)
The Northwestern Mutual Life Insurance Company Agents Retirement Plan's outsized position by total assets
The Northwestern Mutual Life Insurance Company Agents Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,083,930,570 Top 1% higher than 99% 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
The Northwestern Mutual Life Insurance Company Agents Retirement 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 Northwestern Mutual Life Insurance Company Agents Retirement Plan lands in the large band (7,368 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Northwestern Mutual Life Insurance Company Agents Retirement Plan reported net income rose from -$566M in the plan year 2022 filing to $152M in the plan year 2023 filing.
- The Northwestern Mutual Life Insurance Company Agents Retirement Plan end-of-year assets rose from $1.9B in the plan year 2022 filing to $2.1B in the plan year 2023 filing.
- The Northwestern Mutual Life Insurance Company Agents Retirement Plan reported participants rose from 7,278 in the plan year 2022 filing to 7,368 in the plan year 2023 filing.
DOL schedule card
Filing strip 390509570 · Northwestern Mutual Life Ins.Co. PY 2023 · Defined Benefit (Pension)
The Northwestern Mutual Life Insurance Company Agents Retirement Plan · $2.1B · 7,368 · 99th
- TYPE $2.1B
- TYPE 7,368
- TYPE 99th
- TYPE Defined Benefit (Pension)
- TYPE near Cleveland-Cliffs Steel LLC Pension Plan
- TYPE ind #8748
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 Life Insurance Company Agents Retirement Plan in the asset neighbourhood
Wisconsin filing particulars
| Total Assets (Beginning of Year) | $1.9B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | $152M |
| Employer EIN | 390509570 |
| Plan Effective Date | 1942-01-01 |
| 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.
- The Northwestern Mutual Employee Retirement Plan $3.3B · 8,348
- Building Trades United Pension Trust Fund Milwaukee and Vicinity $3.3B · 9,960
- Harley-Davidson Retirement Plan $1.9B · 1,560
- Rockwell Automation Pension Plan $1.8B · 2,136
- North Central States Regional Council of Carpenters Pension Fund $1.7B · 5,662
Scale composition for The Northwestern Mutual Life Insurance Company Agents Retirement Plan
The Northwestern Mutual Life Insurance Company Agents Retirement Plan reports $2.1B in end-of-year assets across 7,368 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $282,835 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $152M.
This plan identity (EIN 390509570, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.9B to $2.1B (+7.7%) while covered participants moved from 7,278 to 7,653 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,278 | $1.9B | Open filing |
| 2023 | 7,368 | $2.1B | This page |
| 2024 · index core | 7,653 | $2.1B | 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 Life Insurance Company Agents Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is Cleveland-Cliffs Steel LLC Pension Plan in IL ($2.1B); 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 ($2.1B here).
- Cleveland-Cliffs Steel LLC Pension Plan (IL) $2.1B · 982
- Local 804 I.B.T. and Local 447 I.a.M. - UPS Multi-Employer Retirement Plan (GA) $2.1B · 6,026
- Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee (TN) $2.1B · 2,710
- Celanese Americas Retirement Pension Plan (TX) $2.1B · 1,192
Similar participant headcount
Nearest other-state filings by covered participants (7,368 participants); asset peers above are excluded.
- Hotel Union and Hotel Industry of Hawaii Pension Plan (HI) 7,370 · 2 off
- The Bank of New York Mellon Corporation Pension Plan (PA) 7,374 · 6 off
- Textron Master Retirement Plan (RI) 7,320 · 48 off
- Consolidated Pension Plan of Hackensack Meridian Health (NJ) 7,308 · 60 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.