401(k) · DOL Form 5500 · 2023

Education Loan Finance, Inc. 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
284
Participants Below avg headcount
72nd
Percentile by assets National rank
$69,184
Avg per participant Below avg balance/head
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Official DOL plan name: Education Loan Finance, Inc 401(k) Plan · Sponsored by Education Loan Finance, Inc. · Tennessee · Other Services

$20M in assets, 284 participants

Education Loan Finance, Inc.'s Education Loan Finance, Inc 401(k) Plan reported $20M in total assets and 284 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #6,665 in Other Services (7,857 peers)

Coverage in Tennessee

Education Loan Finance, Inc 401(k) Plan covers 284 participants in Tennessee, about 25% of the average Tennessee filer (state average ~1,126 per filing). Assets: $20M.

#6,665
in Other Services (7,857 peers)
+17.5%
assets growth YoY

Education Loan Finance, Inc 401(k) Plan's outsized position by total assets

Education Loan Finance, Inc 401(k) Plan vs every filed plan by assets

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

$19,648,315 Top 28% higher than 72% 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

Education Loan Finance, Inc 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Education Loan Finance, Inc 401(k) Plan sits mid-pack in the medium band (284 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Education Loan Finance, Inc 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Education Loan Finance, Inc 401(k) Plan end-of-year assets rose from $17M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Education Loan Finance, Inc 401(k) Plan reported participants rose from 278 in the plan year 2022 filing to 284 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 621586836 · Education Loan Finance, Inc. PY 2023 · 401(k)

Education Loan Finance, Inc 401(k) Plan · $20M · 284 · 72nd

  • PCT $20M
  • EIN 284
  • RANK 72nd
  • PHOTO 401(k)
  • IND near Spring Venture Group, LLC 401(k) Plan
  • EOY ind #6665

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 Other Services retirement plans → · Plans in Tennessee →

Education Loan Finance, Inc 401(k) Plan in the asset neighbourhood

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End-of-year total assets ($M) among Education Loan Finance, Inc 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$20M
Net Income$3M
Employer EIN621586836
Plan Effective Date2006-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Education Loan Finance, Inc.)

Sponsor-wide plan assets over time

All Education Loan Finance, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$24M 41.42399619220059% vs 2022
2024 filing year
$15M$20M$25M 202220232024 $16.7M $23.7M ▲ +41.4%
Year Plans Participants Total Assets
2022 1 278 $17M
2023 1 284 $20M
2024 1 342 $24M

Nearby 401(k) Plans in Tennessee

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

Education Loan Finance, Inc 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Education Loan Finance, Inc 401(k) Plan, Total assets ($B): 0.019648315 · Participants: 284Education Loan Finance, Inc 401(k) PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Education Loan Finance, Inc 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Education Loan Finance, Inc 401(k) Plan side-by-side with 3 peers →

Education Loan Finance, Inc 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Spring Venture Group, LLC 401(k) Plan in MO ($20M); by covered participants it is W D Partners Profit Sharing Plan in OH (284 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (284 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 Education Loan Finance, Inc 401(k) Plan assets move in 2023? ▼
Education Loan Finance, Inc 401(k) Plan grew sharply - up 17.5% during 2023, from $17M to $20M. Reported net income was $3M.
How have Education Loan Finance, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Education Loan Finance, Inc.'s sponsor-wide assets grew 41.4%, from $17M to $24M.
Which 401(k) plans are similar in size to Education Loan Finance, Inc 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Spring Venture Group, LLC 401(k) Plan in MO ($20M, 890 participants).
Which 401(k) plans cover a similar participant headcount to Education Loan Finance, Inc 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is W D Partners Profit Sharing Plan in OH (284 participants, $34M 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 621586836.

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.