401(k) · DOL Form 5500 · 2023

Navient Corporation 401(k) Plan

Data updated 2026-08-25

$722M
Total assets Above avg plan size
4,106
Participants Above avg headcount
98th
Percentile by assets National rank
$175,813
Avg per participant Above avg balance/head
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Official DOL plan name: Navient 401(k) Savings Plan · Sponsored by Navient Corporation · Delaware · Finance & Insurance

$722M in assets, 4,106 participants

Navient Corporation's Navient 401(k) Savings Plan reported $722M in total assets and 4,106 participants in its 2023 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.

  • #8,565 in Finance & Insurance (8,869 peers)

Coverage in Delaware

Navient 401(k) Savings Plan covers 4,106 participants in Delaware, 7.7x the typical Delaware plan (state average ~536 per filing). Assets: $722M.

#8,565
in Finance & Insurance (8,869 peers)
+12.4%
assets growth YoY
7.2×
vs typical plan assets (national mean)

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

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

End-of-year total assets · plan year 2023 · DOL Form 5500

$721,888,991 Top 2% higher than 98% of 127,068 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 2023

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

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Navient 401(k) Savings Plan lands in the large band (4,106 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Navient 401(k) Savings Plan reported net income rose from -$183M in the plan year 2022 filing to $80M in the plan year 2023 filing.
  • Navient 401(k) Savings Plan reported participants fell from 5,920 in the plan year 2022 filing to 4,106 in the plan year 2023 filing.
  • Navient 401(k) Savings Plan end-of-year assets rose from $642M in the plan year 2022 filing to $722M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 464054283 · Navient Corporation PY 2023 · 401(k)

Navient 401(k) Savings Plan · $722M · 4,106 · 98th

  • ASSETS $722M
  • ASSETS 4,106
  • ASSETS 98th
  • ASSETS 401(k)
  • ASSETS near Trinity Health 401(k) Retirement Savings Plan
  • ASSETS ind #8565

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 →

Navient 401(k) Savings Plan in the asset neighbourhood

Harvard Medical Faculty Physicians at Beth Israel Deaconess Medical Center, Inc. 401(k) Savings and Investment PlanHarvard Medical Faculty Phys…$722MNavient 401(k) Savings Plan$722MTrinity Health 401(k) Retirement Savings PlanTrinity Health 401(k) Retire…$722MBrightspring Health Services Retirement Savings PlanBrightspring Health Services…$722MRich's 401(k) Plan$722M
End-of-year total assets ($M) among Navient 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Delaware filing particulars

Total Assets (Beginning of Year)$642M
Net Assets (End of Year)$722M
Net Income$80M
Employer EIN464054283
Plan Effective Date2014-04-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Navient Corporation)

Sponsor-wide plan assets over time

All Navient Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$694M 8.092829082397117% vs 2022
2024 filing year
$600M$650M$700M$750M 202220232024 $642M $694M ▲ +8.1%
Year Plans Participants Total Assets
2022 1 5,920 $642M
2023 1 4,106 $722M
2024 1 3,630 $694M

Nearby 401(k) Plans in Delaware

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

Navient 401(k) Savings Plan vs. nearby 401(k) plans in Delaware, assets vs. participants Scatter plot of 6 data points. 050001000015000 02468 Total assets ($B) Participants Navient 401(k) Savings Plan, Total assets ($B): 0.721888991 · Participants: 4106Navient 401(k) Savings PlanAstrazeneca Savings and Security Plan, Total assets ($B): 7.59933241 · Participants: 13734Astrazeneca Savings and Security PlanRetirement Savings Plan, Total assets ($B): 6.839304585 · Participants: 9968Retirement Savings PlanDupont Retirement Savings Plan, Total assets ($B): 3.237107237 · Participants: 9918Dupont Retirement Savings PlanWl Gore & Associates, Inc. 401(k) Plan, Total assets ($B): 1.797467724 · Participants: 8557Wl Gore & Associates, Inc. 401(k) PlanAshland Employee Savings Plan, Total assets ($B): 1.267144025 · Participants: 1647Ashland Employee Savings Plan
Navient 401(k) Savings Plan vs. nearby 401(k) plans in Delaware, assets vs. participants
Compare Navient 401(k) Savings Plan side-by-side with 3 peers →

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

Outside Delaware, the nearest 401(k) by assets is Trinity Health 401(k) Retirement Savings Plan in MI ($722M); by covered participants it is Nch Healthcare System, Inc. 401(k) Plan in FL (4,107 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,106 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Navient 401(k) Savings Plan assets move in 2023? ▼
Navient 401(k) Savings Plan grew at a solid clip - up 12.4% during 2023, from $642M to $722M. Reported net income was $80M.
How have Navient Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Navient Corporation's sponsor-wide assets grew 8.1%, from $642M to $694M.
Where does Navient 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Navient 401(k) Savings Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Navient 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Trinity Health 401(k) Retirement Savings Plan in MI ($722M, 5,942 participants).
Which 401(k) plans cover a similar participant headcount to Navient 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nch Healthcare System, Inc. 401(k) Plan in FL (4,107 participants, $381M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 464054283.

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.