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Original filing (PDF)20251006123551NAL0002058707001
NORTHWESTERN MUTUAL LIFE INS.CO.
Form 5500
FILING_RECEIVED
THE NORTHWESTERN MUTUAL EMPLOYEE FLEXIBLE BENEFIT PLAN
Health & welfare plan
Signals · 4
58% in single holding~2906 bps in Sched C feesNo recordkeeper disclosed10 service providers
Active participants
8,297
Accounts w/ balance
—
Plan assets (EOY)
$11.9M
Net assets (EOY)
$2.4M
How this plan invests
This plan
6 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "corporate debt" is 58% of plan.
- 2906 bps in Schedule C fees — 9921% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NORTHWESTERN MUTUAL LIFE INS.CO..
Plan sponsor
Name
NORTHWESTERN MUTUAL LIFE INS.CO.
EIN
39-0509570
Address
720 E WISCONSIN AVENUE · MILWAUKEE, WI · 53202
Phone
(414) 271-1444
Industry
Finance & Insurancesee all
Plan administrator
Name
TODD W SMASAL VP TOTAL REWARDS & TALENT
EIN
62-1579200
City
MILWAUKEE, WI
Phone
(414) 665-2606
Plan characteristics
Plan number
526
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-06
Welfare benefit codes
4A · Health (other than dental or vision)
4D · Dental
4E · Vision
Audit & trust (Schedule H)
Auditor
WIPFLI LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
10 rowsTPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| DELTA DENTAL OF WISCONSIN | 39-6094742 | — | THIRD PARTY ADMIN | $127K | — |
Other
9| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| UMR | 39-1995276 | — | CLAIMS PROCESSOR | $2.2M | — |
| BENEFITFOCUS INC | 46-2346314 | — | NONE | $305K | — |
| CVS CAREMARK | 75-2882129 | — | NONE | $267K | — |
| TELEDOC | 04-3705970 | — | NONE | $230K | — |
| EMPATHIA | 39-1567366 | — | NONE | $95K | — |
| WAGEWORKS | 94-3351864 | — | NONE | $81K | — |
| HEALTH STRATEGIES GROUP | 20-4944393 | — | NONE | $75K | — |
| BENEFIT CONCEPTS COBRA ADMIN | 05-0388095 | — | NONE | $44K | — |
| NM INVESTMENT MGMT CO | 45-2034777 | — | SUB OF SPONSOR | $16K | — |
Investments
6 direct securities· $6.7M(56% of reported assets)
OTHER
$3.9M
1 holding
Uncategorized
$2.8M
5 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| corporate debt | OTHER | — | $4.5M | $3.9M | 32.7% | |
| Limited liability companies | — | — | $1.2M | $1.2M | 10.0% | |
| Foreign debt | — | — | $1.2M | $1.1M | 9.4% | |
| The Northwestern Mutual ASSETS Life Insurance Company Cash, accrued income and other receivables | — | — | $212K | $212K | 1.8% | |
| Short term securities | — | — | $210K | $210K | 1.8% | |
| LIABILITIES Other liabilities | — | — | $90K | $90K | 0.8% |