Navy Federal 401(K) Savings Plan — Form 5500 plan (Navy Federal Credit Union)
Plain-English plan 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, Navy Federal 401(K) Savings Plan is a benefit plan reported by Navy Federal Credit Union under EIN 53-0116705 and plan number 002. The latest loaded filing year is 2023. The filing reports 26,562 participants and $2,620,317,290 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Navy Federal Credit Union
- EIN
- 53-0116705
- Plan number
- 002
- Plan type
- 2
- Location
- Merrifield, VA
- Latest filing year
- 2023
- Participants
- 26,562
- End-of-year plan assets
- $2,620,317,290
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 26,562 | H, C | 20240730102820NAL0031510448001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,620,317,290
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,620,317,290
- Net assets (BOY)
- $2,011,644,666
Income & contributions
- Employer contributions
- $116,596,146
- Participant contributions
- $175,669,155
- Total contributions
- $321,406,868
- Total income / additions
- $718,279,462
Expenses & distributions
- Benefits paid
- $108,268,832
- Administrative expenses
- $1,087,989
- Total expenses
- $109,606,838
- Net increase / (decrease)
- $608,672,624
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $957,553 | $0 | 2023 |
| Aon Investments Usa Inc. | NONE | $66,118 | not reported in the loaded dataset | 2023 |
| Pricewaterhouseccoopers | NONE | $58,032 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Navy Federal Credit Union
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Merrifield, VA
- Fidelity Investments Institutional — Schedule C compensation
- Aon Investments Usa Inc. — Schedule C compensation
- Pricewaterhouseccoopers — Schedule C compensation