Plan Ledger DOL Form 5500 · updated monthly

Nec Corporation of America401(k)

NEC CORPORATION OF AMERICA RETIREMENT PLAN · IRVING, TX · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Nec Corporation of America reported $215,948 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $5,747 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 3 years on file its reported administrative ratio has held roughly steady near 0.047%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 211th-largest of 5,688 plans among Texas employers on file, and the 596th of 13,661 in manufacturing. In 2024, employees put in $2.97 for every $1.00 the employer contributed; active participation has shrunk from 801 to 566 since 2022.

Plan summary
Net assets, end of year$468,718,923
Participants with balances1,749
Active participants566
Employer contributions$3,252,922
Employee contributions$9,672,891
Employer contribution per active participant$5,747
Average account balance$267,993
Benefits paid to participants$58,160,066
Plan auditUnmodified (clean) audit opinion
AuditorSUTTON FROST CAREY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$468.7M · 1,749 accts · $3.3M emplr
2023$445.1M · 1,935 accts · $3.1M emplr
2022$389.5M · 2,106 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,608
Investment management$78,840
Audit (IQPA)$22,500
Total administrative$215,948
The Nec Corporation of America 401(k) match · 2024
Employer contribution per active participant$5,747
Median for plans this size$4,294
2024$5,747 per active participant
2023$4,424 per active participant
2022$3,809 per active participant

Nec Corporation of America'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.

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 · 20243
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$138,948
NFP RETIREMENT INC · Investment management$32,000
SUTTON FROST CARY LLP · Accounting / audit$22,500

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$215,948 · 0.05%
2023$191,286 · 0.05%
2022$215,406 · 0.05%
Same employer
Similar plansManufacturing · Texas
Integer Holdings Corporation TX$551.4M · 0.06%
Sulzer US Holding Inc. TX$546.9M · 0.09%
Arm, Inc. TX$533.1M · 0.04%
Weir Group, Inc. TX$444.2M · 0.12%
Galderma Services, Inc. TX$423.8M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200665337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.