Plan Ledger DOL Form 5500 · updated monthly

Federal National Mortgage Association401(k)

FEDERAL NATIONAL MORTGAGE ASSOCIATION RETIREMENT SAVINGS PLAN FOR EMPLOYEES · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.04%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Federal National Mortgage Association reported $1,496,706 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $14,311 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.06% to 0.04%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 3rd-largest of 618 plans among District of Columbia employers on file, and the 46th of 4,798 in finance & insurance. In 2024, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,602,350,192
Participants with balances11,993
Active participants8,187
Employer contributions$117,162,444
Employee contributions$141,209,878
Employer contribution per active participant$14,311
Average account balance$383,753
Benefits paid to participants$229,538,549
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6B · 11,993 accts · $117.2M emplr
2023$3.9B · 11,977 accts · $110.4M emplr
2022$3.2B · 11,993 accts · $73.4M emplr
Administrative expenses, itemized · 2024
Investment management$1,544,816
Total administrative$1,496,706
The Federal National Mortgage Association 401(k) match · 2024
Employer contribution per active participant$14,311
Median for plans this size$5,259
2024$14,311 per active participant
2023$13,616 per active participant
2022$9,123 per active participant

Federal National Mortgage Association's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Recordkeeping · Loan processingindirect comp
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$1,544,816

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Fidelity
2023Fidelity

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,496,706 · 0.04%
2023$1,243,914 · 0.03%
2022$2,099,123 · 0.06%
Same employer
Similar plansFinance & Insurance · District of Columbia
Blackrock, Inc. NY$4.8B · 0.00%
Centene Corporation MO$4.7B · 0.05%
Keycorp OH$4.1B · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520883107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.