2023 Form 5500 filing — Navy Federal 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 20240730102820NAL0031510448001) for Navy Federal 401(K) Savings Plan, reported by Navy Federal Credit Union under EIN 53-0116705 and plan number 002. It reports 26,562 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240730102820NAL0031510448001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Navy Federal Credit Union
- EIN
- 53-0116705
- Plan number
- 002
- Location
- Merrifield, VA
- Participants
- 26,562
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,620,317,290
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,620,317,290
- Employer contributions
- $116,596,146
- Participant contributions
- $175,669,155
- Total income / additions
- $718,279,462
- Benefits paid
- $108,268,832
- Administrative expenses
- $1,087,989
- Total expenses
- $109,606,838
- Net increase / (decrease)
- $608,672,624
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $957,553 | $0 |
| Aon Investments Usa Inc. | NONE | $66,118 | not reported in the loaded dataset |
| Pricewaterhouseccoopers | NONE | $58,032 | not reported in the loaded dataset |