Plan Snapshot
- Plan Sponsor: Navy Federal Credit Union
- Sponsor EIN: 530116705
- Sponsor Address: PO BOX 3000, MERRIFIELD, VA, 221193000
- Plan Type: DB
- Total Participants: 20,269
- Total Assets: $2.1B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 20,269 | $2.1B | $25.0M | $0 |
| 2023 | 18,438 | $2.0B | $36.0M | $0 |
| 2022 | 16,335 | $1.8B | $60.0M | $0 |
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 |
|---|---|---|---|---|
| WELLINGTON MANAGEMENT | Other Service Provider | $452,777 | $4,400 | $457,177 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $409,621 | — | $409,621 |
| METROPOLITAN WEST ASSET MGMT, LLC | Other Service Provider | $295,014 | — | $295,014 |
| SANDS CAPITAL MANAGEMENT, LLC | Other Service Provider | $208,387 | — | $208,387 |
| PRINCIPAL | Custodian / Trustee | $159,624 | — | $159,624 |
| AON HEWITT INVESTMENT CONSULTING | Other Service Provider | $101,442 | — | $101,442 |
| GREAT LAKES ADVISORS LLP | Other Service Provider | $88,795 | — | $88,795 |
| PRICEWATERHOUSECOOPERS LLP | Auditor | $63,190 | — | $63,190 |
| STATE STREET GLOBAL ADVISORS TRU CO | Other Service Provider | $22,253 | — | $22,253 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- PRINCIPAL — Custodian / Trustee
- PRICEWATERHOUSECOOPERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,805,503
- Estimated Expense Ratio: 0.087% of plan assets
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 | $4,040,191 | $1,091,506 | — | $63,190 | — |
| 2023 | $4,355,182 | $1,603,110 | — | $61,216 | — |
| 2022 | $3,890,745 | $1,606,715 | — | — | $440,521 |