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Wealth Management
Asset Management
Asset Servicing
Insights & Research
About Northern Trust
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Financial Intermediary
Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
Institutional
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
Individual
Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
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Benefit Payments

 
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A complete solution - combining experience, scale and leading edge technology

Built on experience gained over 40 years, Northern Trust's benefit payment services group offers an exceptional service for both US and Canadian plans. You need a flexible benefit payment system and you want service from a dedicated leader. Northern Trust issues over 1.4 million payments each month from defined benefit, defined contribution, and non-qualified plans, and produces more than 1.8 million tax forms every year.

With Northern Trust you enjoy:

  • Flexibility to issue payments on any business day
  • 24-hour turnaround for payment direction
  • Comprehensive online inquiry and update capabilities
  • Continual system updates in response to regulatory changes
  • A well-defined transition process that enables an efficient transfer of payments
  • Professional benefit payment specialists to address all aspects of your benefit payment needs
If you are inquiring about a benefit payment please contact the Participant Service Center at (312) 557-9700.
Janet Schultz

Janet Schultz

Vice President
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Janet Schultz

Janet Schultz

Vice President
 

Janet L. Schultz is a Vice President at The Northern Trust Company, Chicago. As a Sales Representative, Janet is responsible for new business development for corporate retirement plans, Taft-Hartley plans and institutional clients. Janet develops sales strategies, forms solicitation teams, assesses competitive situations, and coordinates new business presentations.

Prior to her current role, Janet was a part of the Passport Consulting team, responsible for solving a broad range of complex issues for prospective and existing clients. Specifically, the Passport Consulting team provides technology-oriented solutions and support for clients using Northern Trust’s suite of Passport applications. The Passport Consulting team is a cohesive set of experts with in-depth experience in, not only Passport, but also transitions, daily valuation, reporting, technology, mutual funds, plan accounting and other areas.

Prior to joining the Passport Consulting team, Janet worked as a Benefit Payment Consultant in Benefit Payment Services where she assisted master trust and custody clients in automating their processes and communications with Northern Trust. In addition, she was responsible for communicating and implementing the conversion process for new clients. Janet also played a strong role in designing enhancements to the Northern Trust Benefit Payment Passport web application.

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Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.