401(k) · DOL Form 5500 · 2023
Navy Federal Credit Union 401(k) Plan
Data updated 2026-08-25
- $2.6B
- Total assets Very large vs avg
- 22,916
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $114,344
- Avg per participant Below avg balance/head
Official DOL plan name: Navy Federal 401(k) Savings Plan · Sponsored by Navy Federal Credit Union · Virginia · Finance & Insurance
$2.6B in assets, 22,916 participants
Navy Federal Credit Union's Navy Federal 401(k) Savings Plan reported $2.6B in total assets and 22,916 participants in its 2023 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.
- #8,770 in Finance & Insurance (8,869 peers)
Coverage in Virginia
Navy Federal 401(k) Savings Plan covers 22,916 participants in Virginia, 29x the typical Virginia plan (state average ~782 per filing). Assets: $2.6B.
- #8,770
- in Finance & Insurance (8,869 peers)
- +30.3%
- assets growth YoY
- 26×
- vs typical plan assets (national mean)
Navy Federal 401(k) Savings Plan's outsized position by total assets
Navy Federal 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$2,620,317,290 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Navy Federal 401(k) Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Navy Federal 401(k) Savings Plan is a mega filing (22,916 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Navy Federal 401(k) Savings Plan reported net income rose from -$242M in the plan year 2022 filing to $609M in the plan year 2023 filing.
- Navy Federal 401(k) Savings Plan end-of-year assets rose from $2.0B in the plan year 2022 filing to $2.6B in the plan year 2023 filing.
- Navy Federal 401(k) Savings Plan reported participants rose from 20,588 in the plan year 2022 filing to 22,916 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 530116705 · Navy Federal Credit Union PY 2023 · 401(k)
Navy Federal 401(k) Savings Plan · $2.6B · 22,916 · 99th
- VS-ST $2.6B
- BOY 22,916
- SCH 99th
- EBSA 401(k)
- PART near Geisinger System Services 401(k) Savings Plan
- TYPE ind #8770
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 Virginia →
Navy Federal 401(k) Savings Plan in the asset neighbourhood
Virginia filing particulars
| Total Assets (Beginning of Year) | $2.0B |
|---|---|
| Net Assets (End of Year) | $2.6B |
| Net Income | $609M |
| Employer EIN | 530116705 |
| Plan Effective Date | 1997-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Navy Federal Credit Union)
Sponsor-wide plan assets over time
All Navy Federal Credit Union plans reported in each filing year
- Latest sponsor-wide plan assets
- $5.3B 39.52446577602286% vs 2022
- 2024 filing year
| 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.
- Northrop Grumman Savings Plan $36.2B · 97,987
- 401(k) Pension Plan $15.0B · 62,467
- General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
- Leidos, Inc. Retirement Plan $10.6B · 27,043
- Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681
Scale composition for Navy Federal 401(k) Savings Plan
Navy Federal 401(k) Savings Plan reports $2.6B in end-of-year assets across 22,916 participants (0.021% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.024% of 93,925,755 covered participants) - about $114,344 per participant (83% of the national average assets-per-participant) . Net income for plan year 2023 was $609M.
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 | Open filing |
| 2023 | 22,916 | $2.6B | This page |
| 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)
Navy Federal 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Virginia, the nearest 401(k) by assets is Geisinger System Services 401(k) Savings Plan in PA ($2.6B); by covered participants it is Eaton Savings Plan in OH (22,975 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.6B here).
- Geisinger System Services 401(k) Savings Plan (PA) $2.6B · 23,124
- Canon Employee Savings and Retirement Plan (NY) $2.6B · 7,226
- Centerpoint Energy Savings Plan (TX) $2.6B · 9,430
- Samsung 401(k) Plan (NJ) $2.6B · 13,555
Similar participant headcount
Nearest other-state filings by covered participants (22,916 participants); asset peers above are excluded.
- Eaton Savings Plan (OH) 22,975 · 59 off
- Envoy Air Inc. 401(k) Plan (TX) 23,007 · 91 off
- Conduent Savings Plan (NJ) 22,816 · 100 off
- Fidelity National Information Services, Inc. 401(k) Profit Sharing Plan (FL) 22,816 · 100 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.