2023 Form 5500 filing — Navient 401(K) Savings 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 20240924154200NAL0013247697001) for Navient 401(K) Savings Plan, reported by Navient Corporation under EIN 46-4054283 and plan number 001. It reports 7,325 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$721.9MReported net assets$721,888,991
Participants7.3K7,325
Provider compensationNone reported2 Schedule C row(s)
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240924154200NAL0013247697001
Plan sponsor
Navient Corporation
EIN
46-4054283
Plan number
001
Location
Wilmington, DE
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$721.9M total assets
Net assets$721.9MLiabilities$0
Money in vs. money out
Total income / additions$159.9M
Total expenses$80.1M
Benefits paid / distributions$79.5M
Contributions
Employer$12.2M
Participant$22M
Full reported line items
Total assets (EOY)
$721,888,991
Total liabilities (EOY)
$0
Net assets (EOY)
$721,888,991
Employer contributions
$12,217,798
Participant contributions
$22,012,187
Total income / additions
$159,909,926
Benefits paid
$79,526,257
Administrative expenses
$162,070
Total expenses
$80,083,772
Net increase / (decrease)
$79,826,154
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    ADVISOR · Direct $159K
  2. 2
    RECORDKEEPER · Direct -$197K · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240924154200NAL0013247697001 cover?
It is the 2023 Form 5500 filing for Navient 401(K) Savings Plan, reported by Navient Corporation (EIN 46-4054283).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages