Slm Corporation401(k)
SALLIE MAE 401(K) SAVINGS PLAN · NEWARK, DE · plan year 2024
Slm Corporation's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $304,009,804 across 2,213 participant accounts, with employer contributions averaging $5,127 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio rose from 0.008% to 0.014%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 18th-largest of 242 plans among Delaware employers on file, and the 445th of 4,798 in finance & insurance. In 2024, employees put in $1.75 for every $1.00 the employer contributed.
Slm Corporation's 2024 employer contribution ran above the $4,294 median for plans its size. 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 922304918 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.