401(k) · DOL Form 5500 · 2024

Santander Holdings USA, Inc. 401(k) Plan

Data updated 2026-08-25

$1.9B
Total assets Very large vs avg
13,334
Participants Very large workforce
99th
Percentile by assets National rank
$139,621
Avg per participant Near avg balance/head
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Official DOL plan name: Santander 401(k) Plan · Sponsored by Santander Holdings USA, Inc. · Pennsylvania · Finance & Insurance

$1.9B in assets, 13,334 participants

Santander Holdings USA, Inc.'s Santander 401(k) Plan reported $1.9B in total assets and 13,334 participants in its 2024 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.

  • #8,404 in Finance & Insurance (8,549 peers)

Coverage in Pennsylvania

Santander 401(k) Plan covers 13,334 participants in Pennsylvania, 16x the typical Pennsylvania plan (state average ~822 per filing). Assets: $1.9B.

#8,404
in Finance & Insurance (8,549 peers)
+14.2%
assets growth YoY
19×
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 2024 · DOL Form 5500

$1,861,702,679 Top 1% higher than 99% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Santander 401(k) 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. Santander 401(k) Plan is a mega filing (13,334 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Santander 401(k) Plan reported net income fell from $293M in the plan year 2023 filing to $231M in the plan year 2024 filing.
  • Santander 401(k) Plan end-of-year assets rose from $1.6B in the plan year 2023 filing to $1.9B in the plan year 2024 filing.
  • Santander 401(k) Plan reported participants fell from 14,626 in the plan year 2023 filing to 13,334 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 232453088 · Santander Holdings USA, Inc. PY 2024 · 401(k)

Santander 401(k) Plan · $1.9B · 13,334 · 99th

  • TYPE $1.9B
  • NET 13,334
  • BOOK 99th
  • VS-ST 401(k)
  • BOY near Altice USA 401(k) Savings Plan
  • SCH ind #8404

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 →

Santander 401(k) Plan in the asset neighbourhood

O'reilly Automotive, Inc. Profit Sharing and Savings PlanO'reilly Automotive, Inc. Pr…$1.9BSupplemental Income 401(k) PlanSupplemental Income 401(k) P…$1.9BSantander 401(k) Plan$1.9BAltice USA 401(k) Savings PlanAltice USA 401(k) Savings Pl…$1.9BDover Corporation Retirement Savings PlanDover Corporation Retirement…$1.9B
End-of-year total assets ($B) among Santander 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$1.6B
Net Assets (End of Year)$1.9B
Net Income$231M
Employer EIN232453088
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Santander Holdings USA, Inc.)

Sponsor-wide plan assets over time

All Santander Holdings USA, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.9B 14.196970427251099% vs 2023
2024 filing year
$1.6B$1.7B$1.8B$1.9B 20232024 $1.63B $1.86B ▲ +14.1%
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 Scatter plot of 6 data points. 020000400006000080000100000 0510152025 Total assets ($B) Participants Santander 401(k) Plan, Total assets ($B): 1.861702679 · Participants: 13334Santander 401(k) PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 19.687957793 · Participants: 90495Comcast Corporation Retirement - Investment PlanThe Cigna Group 401(k) Plan, Total assets ($B): 14.20308608 · Participants: 63634The Cigna Group 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 11.084818612 · Participants: 18066The Vanguard Retirement and Savings PlanThermo Fisher Scientific Inc. 401(k) Retirement Plan, Total assets ($B): 10.263366209 · Participants: 36150Thermo Fisher Scientific Inc. 401(k) Retirement PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 10.189629 · Participants: 54604The PNC Financial Services Group, Inc. Incentive Savings Plan
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 →

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

Outside Pennsylvania, the nearest 401(k) by assets is Altice USA 401(k) Savings Plan in NY ($1.9B); by covered participants it is Pacific Dental Services, LLC 401(k) Plan in CA (13,344 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (13,334 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Santander 401(k) Plan grew at a solid clip - up 14.2% during 2024, from $1.6B to $1.9B. Reported net income was $231M.
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 123,622 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 Santander 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Altice USA 401(k) Savings Plan in NY ($1.9B, 9,587 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 Pacific Dental Services, LLC 401(k) Plan in CA (13,344 participants, $565M in assets).

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 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.