401(k) · DOL Form 5500 · 2022

Slm Corporation 401(k) Plan

Data updated 2026-08-25

$214M
Total assets Near avg plan size
1,411
Participants Near avg headcount
96th
Percentile by assets National rank
$151,606
Avg per participant Above avg balance/head
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Official DOL plan name: Sallie Mae 401(k) Savings Plan · Sponsored by Slm Corporation · Delaware · Finance & Insurance

$214M in assets, 1,411 participants

Slm Corporation's Sallie Mae 401(k) Savings Plan reported $214M in total assets and 1,411 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,609 in Finance & Insurance (9,261 peers)

Coverage in Delaware

Sallie Mae 401(k) Savings Plan covers 1,411 participants in Delaware, 2.6x the typical Delaware plan (state average ~536 per filing). Assets: $214M.

#8,609
in Finance & Insurance (9,261 peers)
-20.5%
assets change YoY
2.1×
vs typical plan assets (national mean)

The plan reported a net loss of $55M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sallie Mae 401(k) Savings Plan's outsized position by total assets

Sallie Mae 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$213,916,090 Top 4% higher than 96% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Sallie Mae 401(k) Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sallie Mae 401(k) Savings Plan lands in the large band (1,411 participants).

DOL schedule card

Filing strip 922304918 · Slm Corporation PY 2022 · 401(k)

Sallie Mae 401(k) Savings Plan · $214M · 1,411 · 96th

  • NET $214M
  • NET 1,411
  • NET 96th
  • NET 401(k)
  • NET near Welbilt 401(k) Retirement Plan
  • NET ind #8609

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Delaware →

Sallie Mae 401(k) Savings Plan in the asset neighbourhood

Welbilt 401(k) Retirement PlanWelbilt 401(k) Retirement Pl…$214MSallie Mae 401(k) Savings PlanSallie Mae 401(k) Savings Pl…$214MThe W. I. S. International 401(k) Savings PlanThe W. I. S. International 4…$214MCruise, LLC Retirement Trust$214MSouthwest Business Corporation 401(k) Profit Sharing PlanSouthwest Business Corporati…$214M
End-of-year total assets ($M) among Sallie Mae 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Delaware filing particulars

Total Assets (Beginning of Year)$269M
Net Assets (End of Year)$214M
Net Income-$55M
Employer EIN922304918
Plan Effective Date1974-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Slm Corporation)

Sponsor-wide plan assets over time

All Slm Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$304M 42.116380305941455% vs 2022
2024 filing year
$200M$250M$300M$350M 202220232024 $214M $304M ▲ +42.1%
Year Plans Participants Total Assets
2022 1 1,411 $214M
2023 1 1,653 $260M
2024 1 1,730 $304M

Nearby 401(k) Plans in Delaware

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Sallie Mae 401(k) Savings Plan vs. nearby 401(k) plans in Delaware, assets vs. participants Scatter plot of 6 data points. 050001000015000 -202468 Total assets ($B) Participants Sallie Mae 401(k) Savings Plan, Total assets ($B): 0.21391609 · Participants: 1411Sallie Mae 401(k) Savings PlanRetirement Savings Plan, Total assets ($B): 6.556844337 · Participants: 9866Retirement Savings PlanAstrazeneca Savings and Security Plan, Total assets ($B): 6.080434696 · Participants: 13301Astrazeneca Savings and Security PlanDupont Retirement Savings Plan, Total assets ($B): 2.963536374 · Participants: 11033Dupont Retirement Savings PlanWl Gore & Associates, Inc. 401(k) Plan, Total assets ($B): 1.437172534 · Participants: 7952Wl Gore & Associates, Inc. 401(k) PlanAshland Employee Savings Plan, Total assets ($B): 1.201689819 · Participants: 1887Ashland Employee Savings Plan
Sallie Mae 401(k) Savings Plan vs. nearby 401(k) plans in Delaware, assets vs. participants
Compare Sallie Mae 401(k) Savings Plan side-by-side with 3 peers →

Sallie Mae 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Delaware, the nearest 401(k) by assets is Welbilt 401(k) Retirement Plan in FL ($214M); by covered participants it is Goto Technologies USA, Inc. in MA (1,411 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($214M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,411 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sallie Mae 401(k) Savings Plan assets move in 2022? ▼
Sallie Mae 401(k) Savings Plan declined sharply - down 20.5% during 2022, from $269M to $214M. Reported net income was -$55M.
How have Slm Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Slm Corporation's sponsor-wide assets grew 42.1%, from $214M to $304M.
Where does Sallie Mae 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Sallie Mae 401(k) Savings Plan ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sallie Mae 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Welbilt 401(k) Retirement Plan in FL ($214M, 1,462 participants).
Which 401(k) plans cover a similar participant headcount to Sallie Mae 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Goto Technologies USA, Inc. in MA (1,411 participants, $161M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 922304918.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.