Northern Trust has been selected to provide global custody and related services, including financial and regulatory reporting, to the defined contribution retirement plan of The Boeing Company.
Boeing has one of the largest DC/401(k) plans in the United States, with approximately $54 billion in assets. In addition to global custody, valuation and unitization of assets, Northern Trust will provide a range of regulatory and performance reporting solutions, compliance monitoring, derivatives processing and third-party custom cash fund servicing.
“We are pleased to be selected as a trusted provider that can support all dimensions and directions of Boeing’s investment program,” said Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell. “Large, sophisticated retirement plans continue to choose Northern Trust for our unique combination of global scale and highly flexible accounting and reporting solutions that can adapt quickly to changing plan needs. We believe no other provider can offer the commitment to supporting each individual plan’s vision better than Northern Trust.”
Northern Trust provides custody and administrative services to more than $358 billion in DC assets, as of June 30, 2017. Retirement Solutions takes a consultative approach to addressing the needs of plan sponsors and participants while offering a suite of solutions aimed at improving retirement outcomes. More information can be found here.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2017, Northern Trust had assets under custody of US$7.4 trillion, and assets under management of US$1.03 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.
About The Boeing Company
Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.