401(k) · DOL Form 5500 · 2023

Santander Holdings USA, Inc. 401(k) Plan

Data updated 2026-08-25

$1.6B
Total assets Very large vs avg: 14,626
Participants Very large workforce: 99th
Percentile by assets National rank: $111,463
Avg per participant Below avg balance/head

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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.

#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.

#8,720
in Finance & Insurance (8,869 peers): +25.4%
assets growth YoY: 16×
vs typical plan assets (national mean)

Santander 401(k) Plan's outsized position by total assets

Santander 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,630,255,752 Top 1% higher than 99% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Santander 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Santander 401(k) Plan is a mega filing (14,626 participants), the rightmost band on the breakdown.

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Plan-year Form 5500 strip

Filing strip 232453088 · Santander Holdings USA, Inc. PY 2023 · 401(k)

Santander 401(k) Plan · $1.6B · 14,626 · 99th

EIN $1.6B
RANK 14,626
PHOTO 99th
IND 401(k)
EOY near Hogan Lovells US LLP Retirement Savings Plan
5500 ind #8720

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 Pennsylvania →

End-of-year total assets ($B) among Santander 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$1.3B
Net Assets (End of Year)	$1.6B
Net Income	$293M
Employer EIN	232453088
Plan Effective Date	1987-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Santander Holdings USA, Inc.)

Latest sponsor-wide plan assets: $1.9B 14.196970427251099% vs 2023; 2024 filing year

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

Comcast Corporation Retirement - Investment Plan $17.4B · 93,136
Cigna 401(k) Plan $13.0B · 66,760
The Vanguard Retirement and Savings Plan $9.8B · 18,200
The PNC Financial Services Group, Inc. Incentive Savings Plan $9.3B · 61,697
The Bank of New York Mellon Corporation 401(k) Savings Plan $9.0B · 25,184

Compare Santander 401(k) Plan side-by-side with 3 peers →

Santander 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Hogan Lovells US LLP Retirement Savings Plan in DC ($1.6B); by covered participants it is Bob Evans Restaurants, LLC 401(k) Retirement Plan in OH (14,600 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.6B here).

Hogan Lovells US LLP Retirement Savings Plan (DC) $1.6B · 1,870
The Queen's Health Systems Retirement Savings Plan (HI) $1.6B · 8,612
Robinson Companies Retirement Plan (MN) $1.6B · 10,967
Shaw Industries Group, Inc. Retirement Savings Plan (GA) $1.6B · 19,284

Similar participant headcount

Nearest other-state filings by covered participants (14,626 participants); asset peers above are excluded.

Bob Evans Restaurants, LLC 401(k) Retirement Plan (OH) 14,600 · 26 off
Metlife 401(k) Plan (NJ) 14,594 · 32 off
Applied Materials, Inc. Employee Savings & Retirement Plan (CA) 14,583 · 43 off
Piedmont Airlines Inc. Employee Savings Plan (MD) 14,678 · 52 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).

Which 401(k) plans cover a similar participant headcount to Santander 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Bob Evans Restaurants, LLC 401(k) Retirement Plan in OH (14,600 participants, $98M in assets).

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.