Defined Benefit (Pension) · DOL Form 5500 · 2024

Navy Federal Credit Union Pension Plan

Data updated 2026-07-24

$2.1B
Total assets: 18,657
Participants: 99th
Percentile by assets: $111,342
Avg per participant

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.

99th percentile by assets (of 116,472 plans)

Coverage in Virginia

Navy Federal Credit Union Employees' Retirement Plan covers 18,657 participants in Virginia, 24x the typical Virginia plan (state average ~781 per filing). Assets: $2.1B.

$2.1B
total plan assets (2024 EOY): 18,657
covered participants: 99th
percentile by assets (of 116,472 plans): $111,342
avg assets per participant

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 →

State

Virginia

Industry

Finance & Insurance

Participants vs Virginia filers

In Virginia, the average filing covers about 781 participants across 3,490 plans. Navy Federal Credit Union Employees' Retirement Plan reports 18,657 participants - 24x that state average ($2.1B EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)	$2.0B
Net Assets (End of Year)	$2.1B
Net Income	$86M
Employer EIN	530116705
Plan Effective Date	1958-02-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Navy Federal Credit Union)

Total plan assets by year, all Navy Federal Credit Union plans on file

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

Northrop Grumman Pension Plan $18.8B · 12,678
Retirement Security Plan $11.5B · 56,633
Sheet Metal Workers' National Pension Fund $8.9B · 63,530
Ng Space&mission Systems Corp Salaried Pension Pla $8.4B · 6,737
Dominion Energy Pension Plan $8.3B · 11,758

Compare Navy Federal Credit Union Employees' Ret… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Navy Federal Credit Union Employees' Retirement Plan by total assets, not by location.

The Northwestern Mutual Life Insurance Company Agents Retirement Plan (WI) $2.1B · 7,653
Linde U.S. Pension Plan (CT) $2.1B · 6,738
Jefferson Defined Benefit Plan (PA) $2.1B · 6,179
Alaska Electrical Pension Plan (AK) $2.1B · 3,898

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 116,472 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).

Next read for Navy Federal Credit Union Employees' Ret…

Filing takeaways

Ways to act on Navy Federal Credit Union Employees' Retirement Plan's numbers.

By total assets, Navy Federal Credit Union Employees' Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
Navy Federal Credit Union's sponsor-wide assets have grown 39.5% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.