401(k) · DOL Form 5500 · 2022
Nelnet, Inc. 401(k) Plan
Data updated 2026-08-25
- $557M
- Total assets Above avg plan size
- 6,977
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $79,770
- Avg per participant Below avg balance/head
Official DOL plan name: Nelnet 401(k) Plan · Sponsored by Nelnet, Inc. · Nebraska · Finance & Insurance
$557M in assets, 6,977 participants
Nelnet, Inc.'s Nelnet 401(k) Plan reported $557M in total assets and 6,977 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.
- #8,931 in Finance & Insurance (9,261 peers)
Coverage in Nebraska
Nelnet 401(k) Plan covers 6,977 participants in Nebraska, 13x the typical Nebraska plan (state average ~552 per filing). Assets: $557M.
- #8,931
- in Finance & Insurance (9,261 peers)
- -15.5%
- assets change YoY
- 5.6×
- vs typical plan assets (national mean)
The plan reported a net loss of $102M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Nelnet 401(k) Plan's outsized position by total assets
Nelnet 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$556,555,823 Top 2% higher than 98% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Nelnet 401(k) 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. Nelnet 401(k) Plan lands in the large band (6,977 participants).
Published 5500 schedule card
Filing strip 840748903 · Nelnet, Inc. PY 2022 · 401(k)
Nelnet 401(k) Plan · $557M · 6,977 · 98th
- 5500 $557M
- ASSETS 6,977
- PCT 98th
- EIN 401(k)
- RANK near The Old National Bancorp Employee Stock Ownership and Savings Plan
- PHOTO ind #8931
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 Nebraska →
Nelnet 401(k) Plan in the asset neighbourhood
Nebraska filing particulars
| Total Assets (Beginning of Year) | $658M |
|---|---|
| Net Assets (End of Year) | $556M |
| Net Income | -$102M |
| Employer EIN | 840748903 |
| Plan Effective Date | 1998-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Nelnet, Inc.)
Sponsor-wide plan assets over time
All Nelnet, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $755M 35.711315879988554% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,977 | $557M |
| 2023 | 1 | 8,442 | $674M |
| 2024 | 1 | 7,953 | $755M |
Nearby 401(k) Plans in Nebraska
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Hdr, Inc. Best Plan and ESOP $5.0B · 9,716
- Union Pacific Corporation Thrift Plan $2.0B · 5,284
- Union Pacific Agreement Employee 401(k) Retirement Thrift Plan $2.0B · 28,974
- Peter Kiewit Sons, Inc. Retirement Savings Plan $1.8B · 15,777
- First National of Nebraska, Inc. First Savings Plan $764M · 4,605
Scale composition for Nelnet 401(k) Plan
Nelnet 401(k) Plan reports $557M in end-of-year assets across 6,977 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $79,770 per participant (58% of the national average assets-per-participant) . Net income for plan year 2022 was -$102M.
This plan identity (EIN 840748903, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $557M to $755M (+35.7%) while covered participants moved from 6,977 to 7,953 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,977 | $557M | This page |
| 2023 | 8,442 | $674M | Open filing |
| 2024 · index core | 7,953 | $755M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Nelnet 401(k) Plan (401(k), $755M, 7,953 participants)
Nelnet 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Nebraska, the nearest 401(k) by assets is The Old National Bancorp Employee Stock Ownership and Savings Plan in IN ($556M); by covered participants it is Hearthside Food Solutions 401(k) Plan in IL (6,974 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($557M here).
Similar participant headcount
Nearest other-state filings by covered participants (6,977 participants); asset peers above are excluded.
- Hearthside Food Solutions 401(k) Plan (IL) 6,974 · 3 off
- Enterprise 401(k) Plan (TX) 6,972 · 5 off
- Dfa Dairy Brands Smartchoice Savings Plan (KS) 6,964 · 13 off
- Insight Enterprises, Inc. 401(k) Plan (AZ) 6,958 · 19 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.