401(k) · DOL Form 5500 · 2024

The Northern Trust Company 401(k) Plan

Data updated 2026-08-06

$3.3B
Total assets
9,576
Participants
100th
Percentile by assets
$348,276
Avg per participant
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Official DOL plan name: The Northern Trust Company Thrift-Incentive Plan · Sponsored by The Northern Trust Company · Illinois · Finance & Insurance

$3.3B in assets, 9,576 participants

The Northern Trust Company's The Northern Trust Company Thrift-Incentive Plan reported $3.3B in total assets and 9,576 participants in its 2024 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 116,472 plans)
  • #8,158 in Finance & Insurance (8,240 peers)

Coverage in Illinois

The Northern Trust Company Thrift-Incentive Plan covers 9,576 participants in Illinois, 12x the typical Illinois plan (state average ~768 per filing). Assets: $3.3B.

$3.3B
total plan assets (2024 EOY)
9,576
covered participants
100th
percentile by assets (of 116,472 plans)
$348,276
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Northern Trust Company Thrift-Incentive Plan end-of-year assets rose from $2.9B in the plan year 2023 filing to $3.3B in the plan year 2024 filing.
  • The Northern Trust Company Thrift-Incentive Plan reported participants fell from 9,829 in the plan year 2023 filing to 9,576 in the plan year 2024 filing.
  • The Northern Trust Company Thrift-Incentive Plan reported net income rose from $397M in the plan year 2023 filing to $405M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Illinois
Industry
Finance & Insurance

Participants vs Illinois filers

In Illinois, the average filing covers about 768 participants across 5,440 plans. The Northern Trust Company Thrift-Incentive Plan reports 9,576 participants - 12x that state average ($3.3B EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)$2.9B
Net Assets (End of Year)$3.3B
Net Income$405M
Employer EIN361561860
Plan Effective Date1958-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Northern Trust Company)

$2B$2.5B$3B$3.5B 202220232024 $2.52B $3.34B ▲ +32.5%
Total plan assets by year, all The Northern Trust Company plans on file
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

The Northern Trust Company Thrift-Incentive Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 0510152025 Total assets ($B) Participants The Northern Trust C…Accenture United Sta…State Farm 401(k) Sa…United Airlines Pilo…Abbott Laboratories …Walgreens Retirement…
The Northern Trust Company Thrift-Incentive Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare The Northern Trust Company Thrift-Incent… side-by-side with 3 peers →

Scale composition for The Northern Trust Company Thrift-Incentive Plan

The Northern Trust Company Thrift-Incentive Plan reports $3.3B in end-of-year assets across 9,576 participants (0.029% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.011% of 89,805,449 covered participants) - about $348,276 per participant (2.5x the national average assets-per-participant) . Net income for plan year 2024 was $405M.

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 Open filing
2024 · index core 9,576 $3.3B This page

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.

Frequently Asked Questions

How did The Northern Trust Company Thrift-Incentive Plan assets move in 2024? ▼
The Northern Trust Company Thrift-Incentive Plan grew at a solid clip - up 14.2% during 2024, from $2.9B to $3.3B. Reported net income was $405M.
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 116,472 plans that reported assets for plan year 2024 (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 Intercontinental Exchange, Inc. 401(k) Plan in GA ($3.3B, 4,982 participants).

Next read for The Northern Trust Company Thrift-Incent…

Filing takeaways

Ways to act on The Northern Trust Company Thrift-Incentive Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.