Plan Ledger DOL Form 5500 · updated monthly

Northwestern Corporation401(k)

NORTHWESTERN ENERGY 401(K) RETIREMENT SAVINGS PLAN · BUTTE, MT · plan year 2024

Reported admin expense ratio · 2024
0.06%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Northwestern Corporation reported $289,934 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $8,880 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.04% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other utilities employers. By assets it is the 4th-largest of 229 plans among Montana employers on file, and the 63rd of 412 in utilities. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$512,769,387
Participants with balances2,033
Active participants1,590
Employer contributions$14,119,618
Employee contributions$17,330,440
Employer contribution per active participant$8,880
Average account balance$252,223
Benefits paid to participants$46,800,269
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$512.8M · 2,033 accts · $14.1M emplr
2023$462.7M · 1,996 accts · $13.3M emplr
2022$405.5M · 1,934 accts · $12.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$247,049
Investment management$26,500
Total administrative$289,934
The Northwestern Corporation 401(k) match · 2024
Employer contribution per active participant$8,880
Median for plans this size$4,294
2024$8,880 per active participant
2023$8,489 per active participant
2022$8,053 per active participant

Northwestern Corporation's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$122,121
STRATEGIC ADVISORS INC · Investment advisory (plan)$72,992
MERCER INVESTMENTS LLC · Investment advisory (plan)$39,750
FIDUCIENT ADVISORS LLC · Other services$16,385

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$289,934 · 0.06%
2023$261,641 · 0.06%
2022$198,171 · 0.04%
Same employer
Similar plansUtilities · Montana
Ppl Services Corporation PA$617.8M · 0.00%
Allete, Inc. MN$605.7M · 0.10%
Engie Holdings Inc. TX$560.3M · 0.06%
Pjm Interconnection L.L.C. PA$498.1M · 0.02%
Cleco Power LLC LA$476.1M · 0.09%
Ercot TX$464.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460172280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.