NAVIENT 401(K) SAVINGS PLAN
Overview
Plan Contact
- Address: 123 JUSTISON ST,,WILMINGTON,DE
- Contact person: MICHAEL SMITH
- Phone: (302) 283-8000
Plan General Information
At the end of 2022, the total retirement plan assets of NAVIENT 401(K) SAVINGS PLAN is $642,062,837.This plan was established in 2014.
At the end of 2022, the total number of retirement plan participants in NAVIENT 401(K) SAVINGS PLAN is 9280
In 2022, the average participant retirement account value for NAVIENT 401(K) SAVINGS PLAN is $69,187
In 2022, the estimated average employee contribution amount per participant for NAVIENT 401(K) SAVINGS PLAN is $2,677
In 2022, the estimated average employer match for an employee in NAVIENT 401(K) SAVINGS PLAN is approximately $1,419
In 2022, NAVIENT 401(K) SAVINGS PLAN allocates $13,171,501 to match its employees’ contributions, providing an employer match rate of 56.39% of their contributions
In 2022, the total retirement plan asset growth rate of NAVIENT 401(K) SAVINGS PLAN is -22.17%
In 2022, the estimated aggregate retirement account investment gain/loss for NAVIENT 401(K) SAVINGS PLAN is -17.70%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of NAVIENT 401(K) SAVINGS PLAN is 0.03%.
Enrollment Features
NAVIENT 401(K) SAVINGS PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.