Plan Snapshot
- Plan Sponsor: Navy Federal Credit Union
- Sponsor EIN: 530116705
- Sponsor Address: PO BOX 3000, MERRIFIELD, VA, 221193000
- Plan Type: DB
- Plan Number: 001
- Total Participants: 25,626
- Total Assets: $2.3B
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. |
|---|---|---|---|---|
| 2025 | 25,626 | $2.3B | $0 | $0 |
| 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 | $447,961 | $2,856 | $450,817 |
| WILLIS TOWERS WATSON US LLC | Other Service Provider | $430,600 | — | $430,600 |
| METROPOLITAN WEST ASSET MGMT, LLC | Other Service Provider | $364,297 | — | $364,297 |
| LEGAL & GENERAL INVS MNGT AMERICA | Other Service Provider | $299,712 | — | $299,712 |
| PRINCIPAL | Custodian / Trustee | $177,269 | — | $177,269 |
| GREAT LAKES ADVISORS LLP | Other Service Provider | $119,731 | — | $119,731 |
| TOWERS WATSON INVESTMENT SVC, INC | Other Service Provider | $118,797 | — | $118,797 |
| ISLER DARE | Other Service Provider | $73,872 | — | $73,872 |
| PRICEWATERHOUSECOOPERS LLP | Other Service Provider | $65,402 | — | $65,402 |
| STATE STREET GLOBAL ADVISORS TRU CO | Other Service Provider | $31,135 | — | $31,135 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,131,632
- Estimated Expense Ratio: 0.093% 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 |
|---|---|---|---|---|---|
| 2025 | $95,369,552 | $1,344,602 | — | $65,402 | — |
| 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 |