Plan Snapshot
- Plan Sponsor: Slm Corporation
- Sponsor EIN: 922304918
- Sponsor Address: 300 CONTINENTAL DRIVE, NEWARK, DE, 19713
- Plan Type: 401(k)
- Total Participants: 1,748
- Total Assets: $304.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 1,748 | $304.0M | $9.0M | $15.7M |
| 2023 | 1,730 | $259.8M | $7.5M | $13.9M |
| 2022 | 1,653 | $213.9M | $7.0M | $13.0M |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | $35,400 | — | $35,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,400
- Estimated Expense Ratio: 0.012% 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 | -$63,863 | $172,321 | $1,200 | $35,400 | — |
| 2023 | $32,340 | $151,497 | $900 | $33,100 | — |
| 2022 | $18,578 | $78,423 | — | — | — |