Santander Holdings USA 401(k) and retirement plans

Santander Holdings USA, Inc., Wyomissing, PA. EIN 23-2453088. Annual reports 2009–2025. Also filed as Sovereign Bancorp, Inc.

Santander Holdings USA, Inc. has one active retirement plan on file, the Santander 401(k) Plan, with 19,451 participants and $1.3 billion in assets in 2025. Empower has been its recordkeeper since 2023. No traditional pension plan appears in Santander Holdings USA's filings since 2009.

Active plans: 1
Participants: 19,451
Plan assets: $1.3 billion
401(k) recordkeeper: Empower
Plans on file: 2
Industry: Finance and insurance

All 2 plans

Active plans first

Santander 401(k) Plan

401(k)Active

Active. The plan filed its annual report for the 2025 plan year.

Plan number: 002Employer EIN 23-2453088
Participants (2025): 19,451
Net assets (2025): $1.3 billion
Recordkeeper: EmpowerEarlier: Schwab (2009–2021)
Plan administrator: Santander Holdings USA, Inc.
1130 Berkshire BLVD
Wyomissing, PA 19610
(800) 210-1426As filed for 2025
In effect since: January 1, 1987

Plans merged into this one: Sovereign Employee Stock Ownership Plan (2010); Santander Consumer USA Inc. 401(k) Plan (2022); Banco Santander 401(k) Plan (2015).

Earlier sponsor: Sovereign Bancorp, Inc. (2009).

Year by year, 2009 to 2025

Plan year	Participants	Net assets	Recordkeeper
2025	19,451	$1.3 billion	Empower
2024	16,864	$1.9 billion	Empower
2023	18,357	$1.6 billion	Empower
2021	13,267	$1.3 billion	Schwab
2020	13,338	$1.1 billion	Schwab
2019	13,839	$917 million	Schwab
2018	13,673	$728 million	Schwab
2017	13,565	$761 million	Schwab
2016	12,891	$637 million	Schwab
2015	13,146	$581 million	Schwab
2014	12,397	$555 million	Schwab
2013	11,909	$512 million	Schwab
2012	11,828	$416 million	Schwab
2011	10,683	$296 million	Schwab
2010	10,224	$301 million	Schwab
2009	10,681	$298 million	Schwab

Sovereign Employee Stock Ownership Plan

Employee stock ownership plan (ESOP)Merged

Merged. In 2010 its assets moved to the Santander 401(k) Plan, sponsored by Santander Holdings USA, Inc. (EIN 23-2453088, plan 002). Accounts moved with them, so that plan is the one to contact.

Plan number: 005Employer EIN 23-2453088
Participants (2009): 4,744
Net assets (2009): $21.6 million
Plan administrator: Sovereign Bancorp, Inc.
1130 Berkshire BLVD.
Wyomissing, PA 19610
(610) 208-3679As filed for 2010
In effect since: January 28, 2009

Year by year, 2009 to 2010

Plan year	Participants	Net assets	Recordkeeper
2010	0	$0	not listed
2009	4,744	$21.6 million	not listed

If you had money in one of these plans

Call Empower (empower.com), which runs the Santander 401(k) Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((800) 210-1426). That number was filed for 2025; ask for the benefits or retirement plan office.
If your plan was merged, your account moved with it. Follow the link on the plan to the plan it went into, and contact that one.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

All 2 plans

Santander 401(k) Plan

Sovereign Employee Stock Ownership Plan

If you had money in one of these plans

What these numbers are

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