401(k) · DOL Form 5500 · 2023

Slm Corporation 401(k) Plan

Data updated 2026-08-25

$260M
Total assets Near avg plan size
1,653
Participants Near avg headcount
96th
Percentile by assets National rank
$157,159
Avg per participant Above avg balance/head
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Official DOL plan name: Sallie Mae 401(k) Savings Plan · Sponsored by Slm Corporation · Delaware · Finance & Insurance

$260M in assets, 1,653 participants

Slm Corporation's Sallie Mae 401(k) Savings Plan reported $260M in total assets and 1,653 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,240 in Finance & Insurance (8,869 peers)

Coverage in Delaware

Sallie Mae 401(k) Savings Plan covers 1,653 participants in Delaware, 3.1x the typical Delaware plan (state average ~536 per filing). Assets: $260M.

#8,240
in Finance & Insurance (8,869 peers)
+21.4%
assets growth YoY
2.6×
vs typical plan assets (national mean)

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

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

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

$259,783,799 Top 4% higher than 96% 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

Sallie Mae 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. Sallie Mae 401(k) Savings Plan lands in the large band (1,653 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sallie Mae 401(k) Savings Plan reported net income rose from -$55M in the plan year 2022 filing to $46M in the plan year 2023 filing.
  • Sallie Mae 401(k) Savings Plan end-of-year assets rose from $214M in the plan year 2022 filing to $260M in the plan year 2023 filing.
  • Sallie Mae 401(k) Savings Plan reported participants rose from 1,411 in the plan year 2022 filing to 1,653 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 922304918 · Slm Corporation PY 2023 · 401(k)

Sallie Mae 401(k) Savings Plan · $260M · 1,653 · 96th

  • 5500 $260M
  • 5500 1,653
  • 5500 96th
  • 5500 401(k)
  • 5500 near Erickson Community 401(k) Plan
  • 5500 ind #8240

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 →

Sallie Mae 401(k) Savings Plan in the asset neighbourhood

Cleveland Brothers Retirement PlanCleveland Brothers Retiremen…$260MWinco Foods 401(k) Plan$260MSallie Mae 401(k) Savings PlanSallie Mae 401(k) Savings Pl…$260MErickson Community 401(k) PlanErickson Community 401(k) Pl…$260MSmith & Wesson Brands, Inc. Profit Sharing and Investment PlanSmith & Wesson Brands, Inc. …$260M
End-of-year total assets ($M) among Sallie Mae 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)$214M
Net Assets (End of Year)$260M
Net Income$46M
Employer EIN922304918
Plan Effective Date1974-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Slm Corporation)

Sponsor-wide plan assets over time

All Slm Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$304M 42.116380305941455% vs 2022
2024 filing year
$200M$250M$300M$350M 202220232024 $214M $304M ▲ +42.1%
Year Plans Participants Total Assets
2022 1 1,411 $214M
2023 1 1,653 $260M
2024 1 1,730 $304M

Nearby 401(k) Plans in Delaware

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

Sallie Mae 401(k) Savings Plan vs. nearby 401(k) plans in Delaware, assets vs. participants Scatter plot of 6 data points. 050001000015000 -202468 Total assets ($B) Participants Sallie Mae 401(k) Savings Plan, Total assets ($B): 0.259783799 · Participants: 1653Sallie Mae 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
Sallie Mae 401(k) Savings Plan vs. nearby 401(k) plans in Delaware, assets vs. participants
Compare Sallie Mae 401(k) Savings Plan side-by-side with 3 peers →

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

Outside Delaware, the nearest 401(k) by assets is Erickson Community 401(k) Plan in MD ($260M); by covered participants it is American Lebanese Syrian Associated Charities, Inc. (Alsac) Employee in TN (1,653 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($260M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,653 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 Sallie Mae 401(k) Savings Plan assets move in 2023? ▼
Sallie Mae 401(k) Savings Plan grew sharply - up 21.4% during 2023, from $214M to $260M. Reported net income was $46M.
How have Slm Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Slm Corporation's sponsor-wide assets grew 42.1%, from $214M to $304M.
Where does Sallie Mae 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Sallie Mae 401(k) Savings Plan ranks in the 96th 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 Sallie Mae 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Erickson Community 401(k) Plan in MD ($260M, 11,301 participants).
Which 401(k) plans cover a similar participant headcount to Sallie Mae 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is American Lebanese Syrian Associated Charities, Inc. (Alsac) Employee in TN (1,653 participants, $255M 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 922304918.

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.