2023 Form 5500 filing — Santander 401(K) 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 20260126143712NAL0000742323001) for Santander 401(K) Plan, reported by Santander Holdings Usa, Inc. under EIN 23-2453088 and plan number 002. It reports 19,451 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20260126143712NAL0000742323001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Santander Holdings Usa, Inc.
- EIN
- 23-2453088
- Plan number
- 002
- Location
- Wyomissing, PA
- Participants
- 19,451
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,630,255,752
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,630,255,752
- Employer contributions
- $73,718,866
- Participant contributions
- $104,458,083
- Total income / additions
- $444,580,338
- Benefits paid
- $149,636,716
- Administrative expenses
- $694,549
- Total expenses
- $151,119,713
- Net increase / (decrease)
- $293,460,625
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | NONE | $543,291 | not reported in the loaded dataset |
| Willis Towers Watson Us LLC | NONE | $120,000 | not reported in the loaded dataset |
| Herbein & Co Inc | NONE | $12,800 | not reported in the loaded dataset |
| Actuarial Consulting Services | NONE | $10,000 | not reported in the loaded dataset |
| Schwab Retirement Plan Services, In | NONE | $5,500 | not reported in the loaded dataset |
| Fmr LLC Dba Fidelity Investments | NONE | $1,758 | not reported in the loaded dataset |
| Qdro Consultants Company, LLC | NONE | $1,200 | not reported in the loaded dataset |