Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Navient
Navient 401(k)
- NAVI Nasdaq
- Finance and insurance
- Wilmington, DE
- EIN 46-4054283
- 1 plan with Schedule H financials
- Plan year 2024
- Navient Corporation
- SEC registrant Navient Corp
Administrative expenses excluding investment management, per participant · Navient 401(k) Savings Plan · plan year 2024
$0.26
Higher than 0% of the 2,324 plans $250M to 1B that report it.
Source
= $1,200 / 4,667
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251007131640NAL0007964752001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131640NAL0007964752001, received 2025-10-07
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-07.
Cost and contributions
Administrative expenses per participant
$32.97
Higher than 12% of the 2,405 plans $250M to 1B that report it.
Source
= $153,868 / 4,667
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007131640NAL0007964752001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131640NAL0007964752001, received 2025-10-07
Administrative expenses as a share of assets
0.022%
Higher than 12% of the 2,407 plans $250M to 1B that report it.
Source
= $153,868 / $694,023,885
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007131640NAL0007964752001, received 2025-10-07
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251007131640NAL0007964752001, received 2025-10-07
Employer contributions per participant
$2,197
Higher than 31% of the 2,457 plans $250M to 1B that report it.
Source
= $10,255,162 / 4,667
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007131640NAL0007964752001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131640NAL0007964752001, received 2025-10-07
Employer share of total contributions
33.6%
Higher than 58% of the 2,459 plans $250M to 1B that report it.
Source
= $10,255,162 / $30,514,220
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007131640NAL0007964752001, received 2025-10-07
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251007131640NAL0007964752001, received 2025-10-07
Plan terms, as stated in Navient Corporation's SEC filings
Eligibility
“Eligible employees may participate in the Plan after one month of service.”
Form 11-K filed 2026-06-23, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Automatic enrollment
“The Plan has a qualified automatic contribution arrangement (“QACA”) in which eligible employees are automatically enrolled to contribute 3% of their eligible compensation each pay period.”
Form 11-K filed 2026-06-23, for the year ended 2025-12-31 · plan description note, general · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251007131640NAL0007964752001, received 2025-10-07
Full record, Navient 401(k) Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NAVIENT CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Plan name | NAVIENT 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Sponsor EIN / plan number | 46-4054283 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Sponsor location | WILMINGTON, DE | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Industry (business code) | 522291, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Filing received | 2025-10-07 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Participants, beginning of year | 6,458 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Active participants | 1,698 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Participants, end of year | 4,726 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Participants with an account balance | 4,667 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Total assets, beginning of year | $721,888,991 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Total assets, end of year | $694,023,885 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Net assets, end of year | $694,023,885 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Total income | $141,619,685 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Net income | $-27,865,106 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Employer contributions | $10,255,162 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Participant contributions | $19,262,331 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Other contributions (incl. rollovers) | $996,727 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Total contributions | $30,514,220 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Benefit payments | $168,912,998 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Total expenses (incl. benefit payments) | $169,484,791 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Total administrative expenses | $153,868 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Contract administrator fees | $1,200 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Recordkeeping fees | $0 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Investment advisory and management fees | $152,668 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Administrative expenses excluding investment management | $1,200 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Held in common/collective trusts | $164,007,040 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Held in mutual funds | $466,958,212 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251007131640NAL0007964752001, received 2025-10-07 |
| Independent auditor | COHNREZNICK LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251007131640NAL0007964752001, received 2025-10-07 |
Position = column in the DOL layout for form year 2024. Filing 20251007131640NAL0007964752001, received 2025-10-07.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $152,668 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $-272,155 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251007131640NAL0007964752001, received 2025-10-07.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $721,888,991 | $694,023,885 | -3.9% |
| Participants with a balance | 6,291 | 4,667 | -25.8% |
| Administrative expenses | $162,070 | $153,868 | -5.1% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $12,217,798 | $10,255,162 | -16.1% |
Prior filing 20240924154200NAL0013247697001, received 2024-09-24; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: NAVIENT CORPORATION; SEC registrant: NAVIENT CORP (CIK 1593538, matched by EIN; display name from the Form 11-K cover).