401(k) · DOL Form 5500 · 2023
Nelnet, Inc. 401(k) Plan
Data updated 2026-08-11
- $674M
- Total assets
- 8,442
- Participants
- 98th
- Percentile by assets
- $79,870
- Avg per participant
Official DOL plan name: Nelnet 401(k) Plan · Sponsored by Nelnet, Inc. · Nebraska · Finance & Insurance
$674M in assets, 8,442 participants
Nelnet, Inc.'s Nelnet 401(k) Plan reported $674M in total assets and 8,442 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.
- 98th percentile by assets (of 127,072 plans)
- #8,548 in Finance & Insurance (8,869 peers)
Coverage in Nebraska
Nelnet 401(k) Plan covers 8,442 participants in Nebraska, 15x the typical Nebraska plan (state average ~552 per filing). Assets: $674M.
- $674M
- total plan assets (2023 EOY)
- 8,442
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $79,870
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Nelnet 401(k) Plan reported net income rose from -$102M in the plan year 2022 filing to $114M in the plan year 2023 filing.
- Nelnet 401(k) Plan end-of-year assets rose from $557M in the plan year 2022 filing to $674M in the plan year 2023 filing.
- Nelnet 401(k) Plan reported participants rose from 6,977 in the plan year 2022 filing to 8,442 in the plan year 2023 filing.
Participants vs Nebraska filers
In Nebraska, the average filing covers about 552 participants across 778 plans. Nelnet 401(k) Plan reports 8,442 participants - 15x that state average ($674M EOY assets).
Nebraska filing particulars
| Total Assets (Beginning of Year) | $557M |
|---|---|
| Net Assets (End of Year) | $674M |
| Net Income | $114M |
| Employer EIN | 840748903 |
| Plan Effective Date | 1998-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Nelnet, Inc.)
| 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.
Nelnet 401(k) Plan vs. nearby 401(k) plans in Nebraska, assets vs. participants
- Hdr, Inc. Best Plan and ESOP $6.3B · 10,652
- Peter Kiewit Sons, Inc. Retirement Savings Plan $2.4B · 16,947
- Union Pacific Corporation Thrift Plan $2.3B · 5,470
- Union Pacific Agreement Employee 401(k) Retirement Thrift Plan $2.3B · 27,770
- First National of Nebraska, Inc. First Savings Plan $926M · 5,038
Scale composition for Nelnet 401(k) Plan
Nelnet 401(k) Plan reports $674M in end-of-year assets across 8,442 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $79,870 per participant (58% of the national average assets-per-participant) . Net income for plan year 2023 was $114M.
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 | Open filing |
| 2023 | 8,442 | $674M | This page |
| 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Nelnet 401(k) Plan by total assets, not by location.
- Alstom Transportation 401(k) Savings Plan (PA) $674M · 4,677
- The Whiting-Turner Contracting Company 401(k) Plan (MD) $675M · 4,284
- Northwest Carpenters Individual Account Pension Plan (WA) $676M · 25,484
- Shi International Corp 401(k) Savings Plan (NJ) $673M · 5,126
Frequently Asked Questions
How did Nelnet 401(k) Plan assets move in 2023? ▼
How have Nelnet, Inc. plan assets changed over time? ▼
Where does Nelnet 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Nelnet 401(k) Plan? ▼
Next read for Nelnet 401(k) Plan
Filing takeaways
Ways to act on Nelnet 401(k) Plan's numbers.
- By total assets, Nelnet 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Nebraska. Compare plans
- Nelnet, Inc.'s sponsor-wide assets have grown 35.7% since 2022 across 3 plan years on file. More Finance & Insurance plans