401(k) · DOL Form 5500 · 2024

Navy Federal Credit Union 401(k) Plan

Data updated 2026-07-24

$3.2B
Total assets: 24,276
Participants: 100th
Percentile by assets: $132,068
Avg per participant

Official DOL plan name: Navy Federal 401(k) Savings Plan · Sponsored by Navy Federal Credit Union · Virginia · Finance & Insurance

$3.2B in assets, 24,276 participants

Navy Federal Credit Union's Navy Federal 401(k) Savings Plan reported $3.2B in total assets and 24,276 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.

100th percentile by assets (of 116,472 plans)

Coverage in Virginia

Navy Federal 401(k) Savings Plan covers 24,276 participants in Virginia, 31x the typical Virginia plan (state average ~781 per filing). Assets: $3.2B.

$3.2B
total plan assets (2024 EOY): 24,276
covered participants: 100th
percentile by assets (of 116,472 plans): $132,068
avg assets per participant

Navy Federal 401(k) Savings Plan end-of-year assets rose from $2.6B in the plan year 2023 filing to $3.2B in the plan year 2024 filing.
Navy Federal 401(k) Savings Plan reported participants rose from 22,916 in the plan year 2023 filing to 24,276 in the plan year 2024 filing.
Navy Federal 401(k) Savings Plan reported net income fell from $609M in the plan year 2023 filing to $586M 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 401(k) Savings Plan reports 24,276 participants - 31x that state average ($3.2B EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)	$2.6B
Net Assets (End of Year)	$3.2B
Net Income	$586M
Employer EIN	530116705
Plan Effective Date	1997-01-01
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 401(k) Plans in Virginia

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

Navy Federal 401(k) Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Northrop Grumman Savings Plan $39.5B · 104,719
401(k) Pension Plan $16.8B · 62,869
General Dynamics Corporation 401(k) Plan 6.0 $12.4B · 49,414
Capital One Financial Corporation Associate Savings Plan $12.0B · 44,933
Leidos, Inc. Retirement Plan $11.8B · 29,734

Compare Navy Federal 401(k) Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Navy Federal 401(k) Savings Plan by total assets, not by location.

The Rite Aid 401(k) Plan (PA) $3.2B · 28,313
Ameren Corporation Savings Investment Plan (MO) $3.2B · 9,504
Trader Joe's Company Retirement Plan (CA) $3.2B · 63,666
Discover Financial Services 401(k) Plan (IL) $3.2B · 20,344

Frequently Asked Questions

How did Navy Federal 401(k) Savings Plan assets move in 2024? ▼

Navy Federal 401(k) Savings Plan grew sharply - up 22.4% during 2024, from $2.6B to $3.2B. Reported net income was $586M.

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 401(k) Savings Plan rank by assets among Form 5500 filers? ▼

Navy Federal 401(k) Savings Plan ranks in the 100th 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 401(k) plans are similar in size to Navy Federal 401(k) Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is The Rite Aid 401(k) Plan in PA ($3.2B, 28,313 participants).

Next read for Navy Federal 401(k) Savings Plan

Filing takeaways

Ways to act on Navy Federal 401(k) Savings Plan's numbers.

By total assets, Navy Federal 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) 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.