Santander 401(K) Plan — Form 5500 plan (Santander Holdings Usa, Inc.)
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, Santander 401(K) Plan is a benefit plan reported by Santander Holdings Usa, Inc. under EIN 23-2453088 and plan number 002. The latest loaded filing year is 2023. The filing reports 19,451 participants and $1,630,255,752 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Santander Holdings Usa, Inc.
- EIN
- 23-2453088
- Plan number
- 002
- Plan type
- 2
- Location
- Wyomissing, PA
- Latest filing year
- 2023
- Participants
- 19,451
- End-of-year plan assets
- $1,630,255,752
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 19,451 | H, C | 20260126143712NAL0000742323001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,630,255,752
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,630,255,752
- Net assets (BOY)
- $1,300,184,411
Income & contributions
- Employer contributions
- $73,718,866
- Participant contributions
- $104,458,083
- Total contributions
- $192,194,861
- Total income / additions
- $444,580,338
Expenses & distributions
- Benefits paid
- $149,636,716
- Administrative expenses
- $694,549
- Total expenses
- $151,119,713
- Net increase / (decrease)
- $293,460,625
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | NONE | $543,291 | not reported in the loaded dataset | 2023 |
| Willis Towers Watson Us LLC | NONE | $120,000 | not reported in the loaded dataset | 2023 |
| Herbein & Co Inc | NONE | $12,800 | not reported in the loaded dataset | 2023 |
| Actuarial Consulting Services | NONE | $10,000 | not reported in the loaded dataset | 2023 |
| Schwab Retirement Plan Services, In | NONE | $5,500 | not reported in the loaded dataset | 2023 |
| Fmr LLC Dba Fidelity Investments | NONE | $1,758 | not reported in the loaded dataset | 2023 |
| Qdro Consultants Company, LLC | NONE | $1,200 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Santander Holdings Usa, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Wyomissing, PA
- Empower Annuity Insurance Company — Schedule C compensation
- Willis Towers Watson Us LLC — Schedule C compensation
- Herbein & Co Inc — Schedule C compensation
- Actuarial Consulting Services — Schedule C compensation
- Schwab Retirement Plan Services, In — Schedule C compensation
- Fmr LLC Dba Fidelity Investments — Schedule C compensation
- Qdro Consultants Company, LLC — Schedule C compensation