Plan Ledger DOL Form 5500 · updated monthly

Northwestern Mutual Life Ins. Co.401(k)

NM EMPLOYEE SAVINGS PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.02%

Northwestern Mutual Life Ins. Co. reported $604,777 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. 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 3 years on file its reported administrative ratio has held roughly steady near 0.022%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 8th-largest of 1,936 plans among Wisconsin employers on file, and the 71st of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$2,892,246,472
Participants with balances12,593
Active participants8,160
Employer contributions—
Employee contributions$94,057,993
Employer contribution per active participant—
Average account balance$229,671
Benefits paid to participants$120,541,171
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.9B · 12,593 accts
2023$2.7B · 12,638 accts
2022$2.4B · 12,446 accts
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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$633,127

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$604,777 · 0.02%
2023$596,183 · 0.02%
2022$550,371 · 0.02%
All plans at this employer2
THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY AGENTS PERSISTENCY FEE GUARANTEE FUNDProfit-sharing plan
NM EMPLOYEE SAVINGS PLAN401(k)
Same employer
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Aon Consulting, Inc. IL$3.1B · 0.32%
Mufg Bank, LTD NY$3.1B · 0.03%
Ally Financial Inc. MI$2.9B · 0.03%
Highmark Health PA$2.9B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390509570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.