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FinTech Brief: Northern Trust to Support Costco’s DC Plan

December 6, 2023 by FTF News

FinTech Brief: Northern Trust to Support Costco’s DC Plan

Costco Wholesale Corp. has selected custodian bank Northern Trust to provide custody, daily valuation, and brokerage services for Costco’s defined contribution (DC) retirement plan, with $29 billion in assets, officials say. Costco, based in Seattle, is known as the world’s third-largest retailer and operates 861 warehouses, including 591 in the United States and Puerto Rico…. Read More >>

Filed Under: Securities Operations, Buy-Side, Corporate Actions, Hedge Fund Operations, Industry News, Operational Risk, Ops Automation, Outsourcing, Reconciliation & Exceptions, Portfolio Management, Regulation & Compliance Tagged With: automation, back office, brokerage services, compliance, Costco, data management, defined contribution, Nothern Trust, Securities Operations

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