Navy Federal Credit Union Employees' Retirement 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 Credit Union Employees' Retirement Plan is a benefit plan reported by Navy Federal Credit Union under EIN 53-0116705 and plan number 001. The latest loaded filing year is 2023. The filing reports 19,921 participants and $2,034,296,818 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
- 001
- Plan type
- 2
- Location
- Merrifield, VA
- Latest filing year
- 2023
- Participants
- 19,921
- End-of-year plan assets
- $2,034,296,818
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 19,921 | H, C | 20240903091624NAL0018395217001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,034,296,818
- Total liabilities (EOY)
- $64,530,565
- Net assets (EOY)
- $1,969,766,253
- Net assets (BOY)
- $1,727,276,528
Income & contributions
- Employer contributions
- $36,000,000
- Total contributions
- $36,000,000
- Total income / additions
- $321,221,995
Expenses & distributions
- Benefits paid
- $74,377,088
- Administrative expenses
- $4,355,182
- Total expenses
- $78,732,270
- Net increase / (decrease)
- $242,489,725
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wellington Management | NONE | $546,638 | $0 | 2023 |
| Willis Towers Watson Us LLC | NONE | $516,991 | not reported in the loaded dataset | 2023 |
| Sands Capital Management, LLC | NONE | $491,958 | $0 | 2023 |
| Metropolitan West Asset Mgmt, LLC | NONE | $384,050 | $0 | 2023 |
| Principal | TRUSTEE | $130,765 | not reported in the loaded dataset | 2023 |
| Aon Hewitt Investment Consulting | NONE | $113,185 | not reported in the loaded dataset | 2023 |
| Great Lakes Advisors Llp | NONE | $111,507 | $0 | 2023 |
| Hunton Andrews Kurth Llp | NONE | $76,084 | not reported in the loaded dataset | 2023 |
| Pricewaterhousecoopers Llp | NONE | $61,216 | not reported in the loaded dataset | 2023 |
| State Street Global Advisors Tru Co | NONE | $26,116 | $0 | 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
- Wellington Management — Schedule C compensation
- Willis Towers Watson Us LLC — Schedule C compensation
- Sands Capital Management, LLC — Schedule C compensation
- Metropolitan West Asset Mgmt, LLC — Schedule C compensation
- Principal — Schedule C compensation
- Aon Hewitt Investment Consulting — Schedule C compensation
- Great Lakes Advisors Llp — Schedule C compensation
- Hunton Andrews Kurth Llp — Schedule C compensation
- Pricewaterhousecoopers Llp — Schedule C compensation
- State Street Global Advisors Tru Co — Schedule C compensation