2023 Form 5500 filing — Sallie Mae 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 20241011083313NAL0038206064001) for Sallie Mae 401(K) Savings Plan, reported by Slm Corporation under EIN 92-2304918 and plan number 001. It reports 2,183 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011083313NAL0038206064001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Slm Corporation
- EIN
- 92-2304918
- Plan number
- 001
- Location
- Newark, DE
- Participants
- 2,183
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $259,783,799
- Total liabilities (EOY)
- $15
- Net assets (EOY)
- $259,783,784
- Employer contributions
- $7,539,031
- Participant contributions
- $13,884,519
- Total income / additions
- $67,660,672
- Benefits paid
- $21,739,269
- Administrative expenses
- $32,340
- Total expenses
- $21,792,978
- Net increase / (decrease)
- $45,867,694
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ubs Financial Services Inc | ADVISOR | $98,296 | not reported in the loaded dataset |
| Strategic Advisors, Inc. | ADVISOR | $61,546 | not reported in the loaded dataset |
| Cohnreznick | ACCOUNTANT/AUDITOR | $33,100 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | -$151,663 | $0 |