Northern Capital Retirement Services

Northern Capital Retirement Services provides retirement plan administration, including recordkeeping, compliance testing, participant communications, and fiduciary services for employer-sponsored plans such as 401(k) accounts. The firm acts as a third-party administrator rather than a direct investment manager.

Yes, the firm is registered as an investment adviser with regulatory authorities. Its advisory services are typically bundled with plan administration, focusing on investment menu design and participant education rather than discretionary asset management.

The firm earns fees primarily from plan administration services, which may include per-participant charges, asset-based fees on plan assets, and compliance testing services. It does not publicly disclose a separate AUM figure, as its revenue model is fee-for-service rather than asset management.

Northern Capital Retirement Services is part of the Northern Capital Insurance Group, according to corporate records. This insurance affiliation may provide capital support and strategic alignment for retirement and insurance product offerings.

The firm administers defined contribution plans, primarily 401(k) plans for mid-sized to large employers. It may also provide services for other qualified retirement plans such as profit-sharing and 403(b) arrangements.