2023 Form 5500 filing — Navy Federal Credit Union Employees' Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240903091624NAL0018395217001) for Navy Federal Credit Union Employees' Retirement Plan, reported by Navy Federal Credit Union under EIN 53-0116705 and plan number 001. It reports 19,921 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240903091624NAL0018395217001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Navy Federal Credit Union
- EIN
- 53-0116705
- Plan number
- 001
- Location
- Merrifield, VA
- Participants
- 19,921
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,034,296,818
- Total liabilities (EOY)
- $64,530,565
- Net assets (EOY)
- $1,969,766,253
- Employer contributions
- $36,000,000
- Total income / additions
- $321,221,995
- Benefits paid
- $74,377,088
- Administrative expenses
- $4,355,182
- Total expenses
- $78,732,270
- Net increase / (decrease)
- $242,489,725
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wellington Management | NONE | $546,638 | $0 |
| Willis Towers Watson Us LLC | NONE | $516,991 | not reported in the loaded dataset |
| Sands Capital Management, LLC | NONE | $491,958 | $0 |
| Metropolitan West Asset Mgmt, LLC | NONE | $384,050 | $0 |
| Principal | TRUSTEE | $130,765 | not reported in the loaded dataset |
| Aon Hewitt Investment Consulting | NONE | $113,185 | not reported in the loaded dataset |
| Great Lakes Advisors Llp | NONE | $111,507 | $0 |
| Hunton Andrews Kurth Llp | NONE | $76,084 | not reported in the loaded dataset |
| Pricewaterhousecoopers Llp | NONE | $61,216 | not reported in the loaded dataset |
| State Street Global Advisors Tru Co | NONE | $26,116 | $0 |