Defined Benefit (Pension) · DOL Form 5500 · 2024

Navy Federal Credit Union Pension Plan

Data updated 2026-08-25

$2.1B
Total assets Very large vs avg
18,657
Participants Very large workforce
99th
Percentile by assets National rank
$111,342
Avg per participant Below avg balance/head
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Official DOL plan name: Navy Federal Credit Union Employees' Retirement Plan · Sponsored by Navy Federal Credit Union · Virginia · Finance & Insurance

$2.1B in assets, 18,657 participants

Navy Federal Credit Union's Navy Federal Credit Union Employees' Retirement Plan reported $2.1B in total assets and 18,657 participants in its 2024 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.

  • #8,415 in Finance & Insurance (8,549 peers)

Coverage in Virginia

Navy Federal Credit Union Employees' Retirement Plan covers 18,657 participants in Virginia, 24x the typical Virginia plan (state average ~782 per filing). Assets: $2.1B.

#8,415
in Finance & Insurance (8,549 peers)
+2.1%
assets growth YoY
21×
vs typical plan assets (national mean)

Navy Federal Credit Union Employees' Retirement Plan's outsized position by total assets

Navy Federal Credit Union Employees' Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$2,077,313,031 Top 1% higher than 99% of 123,620 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 2024

Navy Federal Credit Union Employees' Retirement Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Navy Federal Credit Union Employees' Retirement Plan is a mega filing (18,657 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Navy Federal Credit Union Employees' Retirement Plan reported net income fell from $242M in the plan year 2023 filing to $86M in the plan year 2024 filing.
  • Navy Federal Credit Union Employees' Retirement Plan reported participants rose from 16,494 in the plan year 2023 filing to 18,657 in the plan year 2024 filing.
  • Navy Federal Credit Union Employees' Retirement Plan end-of-year assets rose from $2.0B in the plan year 2023 filing to $2.1B in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 530116705 · Navy Federal Credit Union PY 2024 · Defined Benefit (Pension)

Navy Federal Credit Union Employees' Retirement Plan · $2.1B · 18,657 · 99th

  • NET $2.1B
  • NET 18,657
  • NET 99th
  • NET Defined Benefit (Pension)
  • NET near The Northwestern Mutual Life Insurance Company Agents Retirement Plan
  • NET ind #8415

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 Credit Union Employees' Retirement Plan in the asset neighbourhood

Navy Federal Credit Union Employees' Retirement PlanNavy Federal Credit Union Em…$2.1BThe Northwestern Mutual Life Insurance Company Agents Retirement PlanThe Northwestern Mutual Life…$2.1BLinde U.S. Pension Plan$2.1BJefferson Defined Benefit PlanJefferson Defined Benefit Pl…$2.1BAlaska Electrical Pension PlanAlaska Electrical Pension Pl…$2.1B
End-of-year total assets ($B) among Navy Federal Credit Union Employees' Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$2.0B
Net Assets (End of Year)$2.1B
Net Income$86M
Employer EIN530116705
Plan Effective Date1958-02-01
Filing StatusFILING 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
$3.5B$4B$4.5B$5B$5.5B 202220232024 $3.8B $5.3B ▲ +39.5%
Year Plans Participants Total Assets
2022 2 36,876 $3.8B
2023 2 39,410 $4.7B
2024 3 43,030 $5.3B

Nearby Defined Benefit (Pension) Plans in Virginia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Navy Federal Credit Union Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 05101520 Total assets ($B) Participants Navy Federal Credit Union Employees' Retirement Plan, Total assets ($B): 2.077313031 · Participants: 18657Navy Federal Credit Union Employees' Retirement PlanNorthrop Grumman Pension Plan, Total assets ($B): 18.781759216 · Participants: 12678Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 11.481735153 · Participants: 56633Retirement Security PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 8.902237059 · Participants: 63530Sheet Metal Workers' National Pension FundNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.398702873 · Participants: 6737Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 8.332769083 · Participants: 11758Dominion Energy Pension Plan
Navy Federal Credit Union Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Navy Federal Credit Union Employees' Retirement Plan side-by-side with 3 peers →

Scale composition for Navy Federal Credit Union Employees' Retirement Plan

Navy Federal Credit Union Employees' Retirement Plan reports $2.1B in end-of-year assets across 18,657 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.020% of 93,925,755 covered participants) - about $111,342 per participant (81% of the national average assets-per-participant) . Net income for plan year 2024 was $86M.

This plan identity (EIN 530116705, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.8B to $2.1B (+16.4%) while covered participants moved from 16,288 to 18,657 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 16,288 $1.8B Open filing
2023 16,494 $2.0B Open filing
2024 · index core 18,657 $2.1B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Navy Federal Credit Union Employees' Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is The Northwestern Mutual Life Insurance Company Agents Retirement Plan in WI ($2.1B); by covered participants it is The Legacy Plan of the Unite Here Retirement Fund in NY (18,598 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (18,657 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Navy Federal Credit Union Employees' Retirement Plan assets move in 2024? ▼
Navy Federal Credit Union Employees' Retirement Plan edged up modestly - up 2.1% during 2024, from $2.0B to $2.1B. Reported net income was $86M.
How have Navy Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Navy Federal Credit Union's sponsor-wide assets grew 39.5%, from $3.8B to $5.3B.
Where does Navy Federal Credit Union Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Navy Federal Credit Union Employees' Retirement Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Navy Federal Credit Union Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Northwestern Mutual Life Insurance Company Agents Retirement Plan in WI ($2.1B, 7,653 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Navy Federal Credit Union Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Legacy Plan of the Unite Here Retirement Fund in NY (18,598 participants, $609M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 530116705.

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.