Plan Ledger DOL Form 5500 · updated monthly

Jtekt Machinery Americas Corporation401(k)

JTEKT MACHINERY AMERICAS CORPORATION RETIREMENT PLAN · ARLINGTON HEIGHTS, IL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Jtekt Machinery Americas Corporation reported $35,284 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,919 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 0.15% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,255th-largest of 3,702 plans among Illinois employers on file, and the 4,239th of 13,661 in manufacturing. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has grown from 140 to 169 since 2022.

Plan summary
Net assets, end of year$32,428,920
Participants with balances228
Active participants169
Employer contributions$662,229
Employee contributions$1,488,966
Employer contribution per active participant$3,919
Average account balance$142,232
Benefits paid to participants$2,006,114
Plan auditUnmodified (clean) audit opinion
AuditorMRPR
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 228 accts · $662K emplr
2023$28.7M · 251 accts · $620K emplr
2022$27.1M · 216 accts · $571K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,284
Total administrative$35,284
The Jtekt Machinery Americas Corporation 401(k) match · 2024
Employer contribution per active participant$3,919
Median for plans this size$2,416
2024$3,919 per active participant
2023$4,078 per active participant
2022$4,081 per active participant

Jtekt Machinery Americas Corporation's 2024 employer contribution ran above the $2,416 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.

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 · 20241

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

Administrative cost history3
2024$35,284 · 0.12%
2023$39,097 · 0.14%
2022$45,098 · 0.15%
Similar plansManufacturing · Illinois
Parsons Company, Inc. IL$32.8M · 0.28%
Dukane Ias, LLC IL$32.7M · 0.26%
Melinta Subsidiary Corp. IL$32.7M · 0.27%
Peerless Industries, Inc. IL$31.6M · 0.10%
Furst-McNess Company IL$31.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364011781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.