# Navy Federal Credit Union DB Plan
Source: https://planprovider.pro/companies/navy-federal-credit-union-plan-003

> Navy Federal Credit Union's DB plan: 62 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Navy Federal Credit Union

- **Sponsor EIN:** 530116705

- **Sponsor Address:** PO BOX 3000, MERRIFIELD, VA, 221193000

- **Plan Type:** DB

- **Total Participants:** 62

- **Total Assets:** $14.0M

## 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|62|$14.0M|$0|$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|

| MCCONNELL & JONES LLP|NONE|$64,364|—|$64,364|

| WILLIS TOWERS WATSON US LLC|NONE|$57,731|—|$57,731|

| SMITH & DOWNEY, P.A.|NONE|$17,061|—|$17,061|

| PRINCIPAL|TRUSTEE|$12,995|—|$12,995|

| PARTNERCOMM|NONE|$6,927|—|$6,927|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MCCONNELL & JONES LLP](https://planprovider.pro/provider/mcconnell-and-jones-llp) — NONE

- [WILLIS TOWERS WATSON US LLC](https://planprovider.pro/provider/lincoln-financial-group) — NONE

- [SMITH & DOWNEY, P.A.](https://planprovider.pro/provider/smith-and-downey-pa) — NONE

- [PRINCIPAL](https://planprovider.pro/provider/principal-financial-group-inc) — TRUSTEE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $159,078

- **Estimated Expense Ratio:** 1.134% 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|$195,871|-$230|—|$64,364|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/navy-federal-credit-union-plan-003)

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