Plan Snapshot
- Plan Sponsor: Navient Corporation
- Sponsor EIN: 464054283
- Sponsor Address: 123 JUSTISON ST, WILMINGTON, DE, 19801
- Plan Type: 401(k)
- Total Participants: 1,698
- Total Assets: $694.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,698 | $694.0M | $10.3M | $19.3M |
| 2023 | 3,630 | $721.9M | $12.2M | $22.0M |
| 2022 | 4,106 | $642.1M | $13.2M | $23.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $153,868 | $152,668 | $1,200 | — | — |
| 2023 | $162,070 | $159,036 | $3,000 | — | — |
| 2022 | $175,745 | $175,745 | — | — | — |