Northern Trust Winner
The Northern Trust defined contribution team is noted for its work in creating new products that improve the investment experience for participants while also keeping costs low. The teams’ work on collective investment trusts is gaining traction with plan sponsors that are looking for low-cost funds that also have a fiduciary standard built in.

Northern Trust Defined Contribution has also made service enhancements to its outsourced services offering and continues to be a consistent presence in the target date funds market.

As part of its work with plan sponsors, Northern Trust also provides advice on how to improve plan participation and implement innovative retirement security solutions like auto-escalation of contributions. As the defined contribution landscape continues to evolve, Northern Trust’s deep institutional expertise and significant retirement-focused infrastructure mean that the firm is well positioned to win new mandates and grow its footprint.

Defined Contribution Strategies Finalists

• BlackRock

• PIMCO

• Prudential

• Vanguard