401(k) · DOL Form 5500 · 2023

Santander Holdings USA, Inc. 401(k) Plan

Data updated 2026-08-11

$1.6B
Total assets
14,626
Participants
99th
Percentile by assets
$111,463
Avg per participant
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Official DOL plan name: Santander 401(k) Plan · Sponsored by Santander Holdings USA, Inc. · Pennsylvania · Finance & Insurance

$1.6B in assets, 14,626 participants

Santander Holdings USA, Inc.'s Santander 401(k) Plan reported $1.6B in total assets and 14,626 participants in its 2023 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 127,072 plans)
  • #8,720 in Finance & Insurance (8,869 peers)

Coverage in Pennsylvania

Santander 401(k) Plan covers 14,626 participants in Pennsylvania, 18x the typical Pennsylvania plan (state average ~822 per filing). Assets: $1.6B.

$1.6B
total plan assets (2023 EOY)
14,626
covered participants
99th
percentile by assets (of 127,072 plans)
$111,463
avg assets per participant
State
Pennsylvania
Industry
Finance & Insurance

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Santander 401(k) Plan reports 14,626 participants - 18x that state average ($1.6B EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)$1.3B
Net Assets (End of Year)$1.6B
Net Income$293M
Employer EIN232453088
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Santander Holdings USA, Inc.)

$1.6B$1.7B$1.8B$1.9B 20232024 $1.63B $1.86B ▲ +14.1%
Total plan assets by year, all Santander Holdings USA, Inc. plans on file
Year Plans Participants Total Assets
2023 1 14,626 $1.6B
2024 1 13,334 $1.9B

Nearby 401(k) Plans in Pennsylvania

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

Santander 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants

Santander 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 05101520 Total assets ($B) Participants Santander 401(k) PlanComcast Corporation …Cigna 401(k) PlanThe Vanguard Retirem…The PNC Financial Se…The Bank of New York…
Santander 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Santander 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

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

Frequently Asked Questions

How did Santander 401(k) Plan assets move in 2023? ▼
Santander 401(k) Plan grew sharply - up 25.4% during 2023, from $1.3B to $1.6B. Reported net income was $293M.
How have Santander Holdings USA, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Santander Holdings USA, Inc.'s sponsor-wide assets grew 14.2%, from $1.6B to $1.9B.
Where does Santander 401(k) Plan rank by assets among Form 5500 filers? ▼
Santander 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Santander 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hogan Lovells US LLP Retirement Savings Plan in DC ($1.6B, 1,870 participants).

Next read for Santander 401(k) Plan

Filing takeaways

Ways to act on Santander 401(k) Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232453088.

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.