SLM CORPORATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SALLIE MAE CASH ACCOUNT RETIREMENT PLAN
Measure | Date | Value |
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2012 : SALLIE MAE CASH ACCOUNT RETIREMENT PLAN 2012 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2012-09-19 | $0 |
Total transfer of assets from this plan | 2012-09-19 | $1,099,229 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-09-19 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-09-19 | $1,822,318 |
Total income from all sources (including contributions) | 2012-09-19 | $10,602,254 |
Total loss/gain on sale of assets | 2012-09-19 | $0 |
Total of all expenses incurred | 2012-09-19 | $85,771,196 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-09-19 | $85,323,635 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-09-19 | $9,974,976 |
Value of total assets at end of year | 2012-09-19 | $0 |
Value of total assets at beginning of year | 2012-09-19 | $78,090,489 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-09-19 | $447,561 |
Total interest from all sources | 2012-09-19 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-09-19 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-09-19 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2012-09-19 | $0 |
Was this plan covered by a fidelity bond | 2012-09-19 | Yes |
Value of fidelity bond cover | 2012-09-19 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2012-09-19 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-09-19 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-09-19 | No |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2012-09-19 | $82,530,259 |
Other income not declared elsewhere | 2012-09-19 | $4,367 |
Administrative expenses (other) incurred | 2012-09-19 | $447,561 |
Liabilities. Value of operating payables at beginning of year | 2012-09-19 | $327,837 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-09-19 | No |
Value of net income/loss | 2012-09-19 | $-75,168,942 |
Value of net assets at end of year (total assets less liabilities) | 2012-09-19 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-09-19 | $76,268,171 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-09-19 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-09-19 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-09-19 | No |
Value of interest in common/collective trusts at beginning of year | 2012-09-19 | $70,006,306 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-09-19 | $8,084,183 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-09-19 | $8,084,183 |
Net investment gain or loss from common/collective trusts | 2012-09-19 | $622,911 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-09-19 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2012-09-19 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-09-19 | No |
Contributions received in cash from employer | 2012-09-19 | $9,974,976 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-09-19 | $2,793,376 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2012-09-19 | No |
Liabilities. Value of benefit claims payable at beginning of year | 2012-09-19 | $1,494,481 |
Did the plan have assets held for investment | 2012-09-19 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-09-19 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-09-19 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-09-19 | Yes |
Opinion of an independent qualified public accountant for this plan | 2012-09-19 | Disclaimer |
Accountancy firm name | 2012-09-19 | COHN REZNICK LLP |
Accountancy firm EIN | 2012-09-19 | 221478099 |
2011 : SALLIE MAE CASH ACCOUNT RETIREMENT PLAN 2011 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $1,822,318 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $187,169 |
Total income from all sources (including contributions) | 2011-12-31 | $19,115,462 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $138,077,573 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $136,696,249 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $0 |
Value of total assets at end of year | 2011-12-31 | $78,090,489 |
Value of total assets at beginning of year | 2011-12-31 | $195,417,451 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $1,381,324 |
Total interest from all sources | 2011-12-31 | $1,984 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2011-12-31 | $0 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $1,206 |
Other income not declared elsewhere | 2011-12-31 | $79 |
Administrative expenses (other) incurred | 2011-12-31 | $1,381,324 |
Liabilities. Value of operating payables at end of year | 2011-12-31 | $327,837 |
Liabilities. Value of operating payables at beginning of year | 2011-12-31 | $187,169 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $-118,962,111 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $76,268,171 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $195,230,282 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Value of interest in common/collective trusts at end of year | 2011-12-31 | $70,006,306 |
Value of interest in common/collective trusts at beginning of year | 2011-12-31 | $183,744,378 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $8,084,183 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $11,671,867 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $11,671,867 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $1,984 |
Net investment gain or loss from common/collective trusts | 2011-12-31 | $19,113,399 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $136,696,249 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2011-12-31 | No |
Liabilities. Value of benefit claims payable at end of year | 2011-12-31 | $1,494,481 |
Liabilities. Value of benefit claims payable at beginning of year | 2011-12-31 | $0 |
Did the plan have assets held for investment | 2011-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
Accountancy firm name | 2011-12-31 | REZNICK GROUP |
Accountancy firm EIN | 2011-12-31 | 521088612 |
2010 : SALLIE MAE CASH ACCOUNT RETIREMENT PLAN 2010 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $187,169 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $92,969 |
Total income from all sources (including contributions) | 2010-12-31 | $14,626,970 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $16,388,421 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $15,101,832 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $0 |
Value of total assets at end of year | 2010-12-31 | $195,417,451 |
Value of total assets at beginning of year | 2010-12-31 | $197,084,702 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $1,286,589 |
Total interest from all sources | 2010-12-31 | $21,063 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2010-12-31 | $0 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $100,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $1,206 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $461 |
Other income not declared elsewhere | 2010-12-31 | $84,395 |
Administrative expenses (other) incurred | 2010-12-31 | $1,286,589 |
Liabilities. Value of operating payables at end of year | 2010-12-31 | $187,169 |
Liabilities. Value of operating payables at beginning of year | 2010-12-31 | $92,969 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $-1,761,451 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $195,230,282 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $196,991,733 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in common/collective trusts at end of year | 2010-12-31 | $183,744,378 |
Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $159,221,849 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $11,671,867 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $37,862,392 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $37,862,392 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $21,063 |
Net investment gain or loss from common/collective trusts | 2010-12-31 | $14,521,512 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $15,101,832 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | No |
Liabilities. Value of benefit claims payable at end of year | 2010-12-31 | $0 |
Liabilities. Value of benefit claims payable at beginning of year | 2010-12-31 | $0 |
Did the plan have assets held for investment | 2010-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | REZNICK GROUP |
Accountancy firm EIN | 2010-12-31 | 521088612 |
2009 : SALLIE MAE CASH ACCOUNT RETIREMENT PLAN 2009 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |