401(k) · DOL Form 5500 · 2024
Navy Federal Credit Union 401(k) Plan
Data updated 2026-08-25
- $3.2B
- Total assets Very large vs avg
- 24,276
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $132,068
- Avg per participant Near avg balance/head
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.
- #8,460 in Finance & Insurance (8,549 peers)
Coverage in Virginia
Navy Federal 401(k) Savings Plan covers 24,276 participants in Virginia, 31x the typical Virginia plan (state average ~782 per filing). Assets: $3.2B.
- #8,460
- in Finance & Insurance (8,549 peers)
- +22.4%
- assets growth YoY
- 32×
- vs typical plan assets (national mean)
Navy Federal 401(k) Savings Plan's outsized position by total assets
Navy Federal 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$3,206,071,389 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Navy Federal 401(k) Savings 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 401(k) Savings Plan is a mega filing (24,276 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
EBSA filing schedule strip
Filing strip 530116705 · Navy Federal Credit Union PY 2024 · 401(k)
Navy Federal 401(k) Savings Plan · $3.2B · 24,276 · 100th
- RANK $3.2B
- PHOTO 24,276
- IND 100th
- EOY 401(k)
- 5500 near The Rite Aid 401(k) Plan
- ASSETS ind #8460
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 401(k) Savings Plan in the asset neighbourhood
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)
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
| 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.
- 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
Scale composition for Navy Federal 401(k) Savings Plan
Navy Federal 401(k) Savings Plan reports $3.2B in end-of-year assets across 24,276 participants (0.026% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.026% of 93,925,755 covered participants) - about $132,068 per participant (96% of the national average assets-per-participant) . Net income for plan year 2024 was $586M.
This plan identity (EIN 530116705, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.0B to $3.2B (+59.4%) while covered participants moved from 20,588 to 24,276 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 20,588 | $2.0B | Open filing |
| 2023 | 22,916 | $2.6B | Open filing |
| 2024 · index core | 24,276 | $3.2B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Navy Federal Credit Union Employees' Retirement Plan (Defined Benefit (Pension), $2.1B, 18,657 participants)
Navy Federal 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Virginia, the nearest 401(k) by assets is The Rite Aid 401(k) Plan in PA ($3.2B); by covered participants it is Kellermeyer Bergensons Services Savings & Protection Plan in CA (24,276 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.2B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (24,276 participants); asset peers above are excluded.
- Kellermeyer Bergensons Services Savings & Protection Plan (CA) 24,276 · 0 off
- Jetblue Airways Retirement Plan (NY) 24,253 · 23 off
- The Bank of New York Mellon Corporation 401(k) Savings Plan (PA) 24,183 · 93 off
- Nationwide Savings Plan (OH) 24,370 · 94 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.