401(k) · DOL Form 5500 · 2022
Navy Federal Credit Union 401(k) Plan
Data updated 2026-08-06
- $2.0B
- Total assets
- 20,588
- Participants
- 99th
- Percentile by assets
- $97,710
- Avg per participant
Official DOL plan name: Navy Federal 401(k) Savings Plan · Sponsored by Navy Federal Credit Union · Virginia · Finance & Insurance
$2.0B in assets, 20,588 participants
Navy Federal Credit Union's Navy Federal 401(k) Savings Plan reported $2.0B in total assets and 20,588 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,258 plans)
- #9,153 in Finance & Insurance (9,267 peers)
Coverage in Virginia
Navy Federal 401(k) Savings Plan covers 20,588 participants in Virginia, 26x the typical Virginia plan (state average ~781 per filing). Assets: $2.0B.
- $2.0B
- total plan assets (2022 EOY)
- 20,588
- covered participants
- 99th
- percentile by assets (of 139,258 plans)
- $97,710
- avg assets per participant
The plan reported a net loss of $242M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. Navy Federal 401(k) Savings Plan reports 20,588 participants - 26x that state average ($2.0B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $2.3B |
|---|---|
| Net Assets (End of Year) | $2.0B |
| Net Income | -$242M |
| Employer EIN | 530116705 |
| Plan Effective Date | 1997-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Navy Federal Credit Union)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 36,876 | $3.8B |
| 2023 | 2 | 39,410 | $4.7B |
| 2024 | 3 | 43,030 | $5.3B |
Nearby 401(k) Plans in Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Navy Federal 401(k) Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
- Northrop Grumman Savings Plan $32.6B · 92,420
- 401(k) Pension Plan $13.0B · 61,481
- General Dynamics Corporation 401(k) Plan 6.0 $9.6B · 36,822
- Leidos, Inc. Retirement Plan $8.7B · 26,125
- Bae Systems Employees' Savings and Investment Plan $8.2B · 31,556
Scale composition for Navy Federal 401(k) Savings Plan
Navy Federal 401(k) Savings Plan reports $2.0B in end-of-year assets across 20,588 participants (0.017% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.023% of 89,805,449 covered participants) - about $97,710 per participant (71% of the national average assets-per-participant) . Net income for plan year 2022 was -$242M.
This plan identity (EIN 530116705, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.0B to $3.2B (+59.4%) while covered participants moved from 20,588 to 24,276 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 20,588 | $2.0B | This page |
| 2023 | 22,916 | $2.6B | Open filing |
| 2024 · index core | 24,276 | $3.2B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Navy Federal 401(k) Savings Plan (401(k), $3.2B, 24,276 participants)
- Navy Federal Credit Union Employees' Retirement Plan (Defined Benefit (Pension), $2.1B, 18,657 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Navy Federal 401(k) Savings Plan by total assets, not by location.
- Lifepoint Health, Inc. Retirement Plan (TN) $2.0B · 42,978
- Gapshare 401(k) Plan (CA) $2.0B · 33,570
- Lyondellbasell Savings Plan (TX) $2.0B · 7,764
- Savings Plus Plan, Lam Research 401(k) (CA) $2.0B · 8,565
Frequently Asked Questions
How did Navy Federal 401(k) Savings Plan assets move in 2022? ▼
How have Navy Federal Credit Union plan assets changed over time? ▼
Where does Navy Federal 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Navy Federal 401(k) Savings Plan? ▼
Next read for Navy Federal 401(k) Savings Plan
Filing takeaways
Ways to act on Navy Federal 401(k) Savings Plan's numbers.
- By total assets, Navy Federal 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
- Navy Federal Credit Union's sponsor-wide assets have grown 39.5% since 2022 across 3 plan years on file. More Finance & Insurance plans