Employer · plans filed under one EIN
Navy Federal Credit Union
Vienna, VA · Finance and insurance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Navy Federal Credit Union, based in Vienna, Virginia, sponsors 3 retirement plans with 100 or more participants: 1 defined contribution and 2 defined benefit. Together they reported 54,960 participant records and $6.33B in net assets.
The largest is Navy Federal 401(k) Savings Plan, a 401(k) plan with 29,016 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $191M and participant contributions $217M in the latest plan years; benefits paid were $274M. Schedule C compensation reported to service provider organisations totalled $3.4M.
Combined net assets moved from $871M in 2009 to $6.32B in 2025 (up 625%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Navy Federal 401(k) Savings Plan | 401(k) plan | 2025 | 29,016 | $4.05B | $139,444 | $5,595 | $1.2M |
| Navy Federal Credit Union Employees' Retirement Plan | cash balance pension plan | 2025 | 25,626 | $2.27B | $88,602 | $2,344 | $2.1M |
| Navy Federal Credit Union Retirement Plan for German Usd Paid Employees of Military Banking | defined benefit pension plan | 2024 | 318 | $14.0M | $43,894 | — | $159K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 2 | 54,642 | $6.32B | $191M | $217M |
| 2024 | 3 | 53,055 | $5.28B | $154M | $198M |
| 2023 | 3 | 50,382 | $4.60B | $153M | $176M |
| 2022 | 3 | 46,624 | $3.75B | $160M | $150M |
| 2021 | 3 | 43,660 | $4.35B | $125M | $131M |
| 2020 | 3 | 39,678 | $3.74B | $145M | $120M |
| 2019 | 3 | 37,741 | $3.16B | $93.3M | $101M |
| 2018 | 3 | 34,658 | $2.50B | $83.7M | $86.5M |
| 2017 | 2 | 31,573 | $2.56B | $90.0M | $72.9M |
| 2016 | 3 | 28,801 | $2.09B | $69.5M | $62.9M |
| 2015 | 3 | 26,466 | $1.86B | $64.4M | $54.0M |
| 2014 | 3 | 24,398 | $1.82B | $54.1M | $42.2M |
| 2013 | 3 | 21,175 | $1.66B | $49.6M | $36.2M |
| 2012 | 3 | 19,122 | $1.37B | $76.1M | $30.8M |
| 2011 | 3 | 17,150 | $1.16B | $118M | $27.2M |
| 2010 | 3 | 16,587 | $1.04B | $60.2M | $23.9M |
| 2009 | 3 | 16,613 | $871M | $46.0M | $22.7M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Fidelity Investments Institutional | Participant loan processing | 1 | $1,052,584 |
| Willis Towers Watson US LLC | Actuarial; Other services; Consulting (pension) | 2 | $488,331 |
| Wellington Management | — | 1 | $450,817 |
| Metropolitan West Asset MGMT, LLC | Investment management | 1 | $364,297 |
| Legal & General Invs MNGT America | Investment management | 1 | $299,712 |
| Principal | Custodial (securities); Trustee (bank, trust company, or similar financial institution); Trustee (directed) | 2 | $190,264 |
| PricewaterhouseCoopers LLP | Accounting (including auditing) | 2 | $127,587 |
| Great Lakes Advisors LLP | Investment management | 1 | $119,731 |
| Towers Watson Investment SVC, Inc. | Consulting (pension); Investment advisory (plan); Investment management | 1 | $118,797 |
| Willis Towers Watson US LLC | Consulting (general) | 1 | $82,183 |
| McConnell & Jones LLP | Accounting (including auditing) | 1 | $64,364 |
| State Street Global Advisors Tru Co. | Custodial (securities) | 1 | $31,135 |
| Smith & Downey, P.A. | Legal | 1 | $17,061 |
| Islerdare, P.C. | Legal | 1 | $11,473 |
| Partnercomm | Participant communication | 1 | $6,927 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Navy Federal Credit Union have?
3 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Navy Federal 401(k) Savings Plan, Navy Federal Credit Union Employees' Retirement Plan and Navy Federal Credit Union Retirement Plan for German Usd Paid Employees of Military Banking. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Navy Federal Credit Union contribute to its plans?
$190,740,180 in employer contributions across these plans in their latest plan years, about $4,098 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Fidelity Investments Institutional, Willis Towers Watson US LLC, Wellington Management and Metropolitan West Asset MGMT, LLC and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.