401(k) · DOL Form 5500 · 2024
Nelnet, Inc. 401(k) Plan
Data updated 2026-08-11
- $755M
- Total assets
- 7,953
- Participants
- 98th
- Percentile by assets
- $94,972
- Avg per participant
Official DOL plan name: Nelnet 401(k) Plan · Sponsored by Nelnet, Inc. · Nebraska · Finance & Insurance
$755M in assets, 7,953 participants
Nelnet, Inc.'s Nelnet 401(k) Plan reported $755M in total assets and 7,953 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 123,622 plans)
- #8,240 in Finance & Insurance (8,549 peers)
Coverage in Nebraska
Nelnet 401(k) Plan covers 7,953 participants in Nebraska, 14x the typical Nebraska plan (state average ~552 per filing). Assets: $755M.
- $755M
- total plan assets (2024 EOY)
- 7,953
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $94,972
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Nelnet 401(k) Plan reported net income fell from $114M in the plan year 2023 filing to $81M in the plan year 2024 filing.
- Nelnet 401(k) Plan end-of-year assets rose from $674M in the plan year 2023 filing to $755M in the plan year 2024 filing.
- Nelnet 401(k) Plan reported participants fell from 8,442 in the plan year 2023 filing to 7,953 in the plan year 2024 filing.
Participants vs Nebraska filers
In Nebraska, the average filing covers about 552 participants across 778 plans. Nelnet 401(k) Plan reports 7,953 participants - 14x that state average ($755M EOY assets).
Nebraska filing particulars
| Total Assets (Beginning of Year) | $674M |
|---|---|
| Net Assets (End of Year) | $755M |
| Net Income | $81M |
| Employer EIN | 840748903 |
| Plan Effective Date | 1998-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Nelnet, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 6,977 | $557M |
| 2023 | 1 | 8,442 | $674M |
| 2024 | 1 | 7,953 | $755M |
Nearby 401(k) Plans in Nebraska
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Nelnet 401(k) Plan vs. nearby 401(k) plans in Nebraska, assets vs. participants
- Hdr, Inc. Best Plan and ESOP $7.7B · 11,460
- Peter Kiewit Sons, Inc. Retirement Savings Plan $2.8B · 17,030
- Union Pacific Agreement Employee 401(k) Retirement Thrift Plan $2.4B · 28,813
- Union Pacific Corporation Thrift Plan $2.3B · 5,350
- First National of Nebraska, Inc. First Savings Plan $1.0B · 4,950
Scale composition for Nelnet 401(k) Plan
Nelnet 401(k) Plan reports $755M in end-of-year assets across 7,953 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $94,972 per participant (69% of the national average assets-per-participant) . Net income for plan year 2024 was $81M.
This plan identity (EIN 840748903, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $557M to $755M (+35.7%) while covered participants moved from 6,977 to 7,953 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,977 | $557M | Open filing |
| 2023 | 8,442 | $674M | Open filing |
| 2024 · index core | 7,953 | $755M | This page |
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Nelnet 401(k) Plan by total assets, not by location.
- Federated Mutual Insurance Company 401(k) Plan (MN) $755M · 2,920
- Fox Rothschild LLP Retirement Savings Plan (PA) $756M · 1,686
- Hendrick Automotive Group 401(k) Plan (NC) $757M · 9,187
- Westat, Inc. Savings Plan (MD) $757M · 8,841
Frequently Asked Questions
How did Nelnet 401(k) Plan assets move in 2024? ▼
How have Nelnet, Inc. plan assets changed over time? ▼
Where does Nelnet 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Nelnet 401(k) Plan? ▼
Next read for Nelnet 401(k) Plan
Filing takeaways
Ways to act on Nelnet 401(k) Plan's numbers.
- By total assets, Nelnet 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Nebraska. Compare plans
- Nelnet, Inc.'s sponsor-wide assets have grown 35.7% since 2022 across 3 plan years on file. More Finance & Insurance plans