Plan Snapshot
- Plan Sponsor: Navy Federal Credit Union
- Sponsor EIN: 530116705
- Sponsor Address: PO BOX 3000, MERRIFIELD, VA, 22119
- Plan Type: 401(k)
- Total Participants: 24,775
- Total Assets: $3.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 24,775 | $3.2B | $128.9M | $197.9M |
| 2023 | 24,276 | $2.6B | $116.6M | $175.7M |
| 2022 | 22,916 | $2.0B | $99.4M | $150.3M |
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 |
|---|---|---|---|---|
| PRICEWATERHOUSECOOPERS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRICEWATERHOUSECOOPERS — Auditor
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 | $1,143,713 | — | $5,400 | — | — |
| 2023 | $1,087,989 | — | — | $58,032 | — |
| 2022 | $1,104,461 | — | — | — | — |