# Santander Holdings Usa, INC. 401(k) Plan
Source: https://planprovider.pro/companies/santander-holdings-usa-inc-401k-plan

> Santander Holdings Usa, INC.'s 401(k) plan: 12,035 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Santander Holdings Usa, INC.

- **Sponsor EIN:** 232453088

- **Sponsor Address:** 1130 BERKSHIRE BLVD, WYOMISSING, PA, 19610

- **Plan Type:** 401(k)

- **Total Participants:** 12,035

- **Total Assets:** $1.9B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|12,035|$1.9B|$73.9M|$105.4M|

| 2023|13,334|$1.6B|$73.7M|$104.5M|

| 2022|14,626|$1.3B|$60.8M|$84.4M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|NONE|$534,643|—|$534,643|

| WILLIS TOWERS WATSON US LLC|NONE|$120,000|—|$120,000|

| HERBEIN & CO INC|NONE|$39,450|—|$39,450|

### Verified Provider Profiles

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

- [HERBEIN & CO INC](https://planprovider.pro/provider/herbein-company-inc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $694,093

- **Estimated Expense Ratio:** 0.037% 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|$696,193|$120,000|—|$39,450|—|

| 2023|$694,549|$127,258|—|$12,800|—|

| 2022|$834,231|$90,000|—|—|$33,807|

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