Northern Trust Company Selected by Columbia Pipe & Supply to Develop Investment Education Materials

Strategic Insights -

Columbia Pipe and Supply Company, a Chicago-based supplier of pipe and related products, has partnered with Northern Trust Retirement Consulting (NTRC) to develop employee investment education materials for their defined contribution plan. The move aims to enhance employee understanding and participation in the plan, which currently holds $20.6 million in assets. The customized materials will be designed in collaboration with Columbia Pipe's team to effectively communicate complex investment concepts to plan participants.

Key Takeaways:

  • Columbia Pipe and Supply Company has selected Northern Trust Retirement Consulting to develop investment education materials for their defined contribution plan.
  • The plan holds $20.6 million in assets, making employee education a crucial aspect of maximizing plan benefits.
  • Northern Trust Retirement Consulting's approach involves client involvement in the design and development of the materials to ensure relevance and effectiveness.
  • The Communications and Education practice at NTRC delivers recognizable and visually enticing material to engage employees in understanding their plan.
  • Steve Harrison, Treasurer at Columbia Pipe, praised Northern Trust's performance, citing their local presence and ability to develop tailored communications materials.

Statistics:

  • $20.6 million: The current assets held in Columbia Pipe and Supply Company's defined contribution plan.
  • Will be worked on by NTRC with their client involvement approach: The amount of assets to be focused on by NTRC with their client-driven approach.
  • 1: The number of providers of defined benefit plan services offered by Northern Trust Retirement Consulting.

Sources:

  • The Northern Trust Company
  • The Northern Trust Company (www.ntrinc.com)
  • Columbia Pipe & Supply Company
  • Northern Trust Retirement Consulting, L.L.C.