Plan Ledger DOL Form 5500 · updated monthly

Nhk Seating of America, Inc.401(k)

NHK SEATING OF AMERICA, INC. 401(K) PROFIT SHARING PLAN AND T · FRANKFORT, IN · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Nhk Seating of America, Inc. reported $68,213 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,652 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 5 years on file its reported administrative ratio fell from 0.45% to 0.36%. 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 565th-largest of 1,562 plans among Indiana employers on file, and the 5,921st of 13,661 in manufacturing. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 511 to 587 since 2019.

Plan summary
Net assets, end of year$20,102,071
Participants with balances726
Active participants587
Employer contributions$969,603
Employee contributions$1,363,962
Employer contribution per active participant$1,652
Average account balance$27,689
Benefits paid to participants$3,009,310
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$20.1M · 726 accts · $970K emplr
2023$18.2M · 646 accts · $928K emplr
2022$14.7M · 613 accts · $735K emplr
2019$14.5M · 648 accts · $843K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,195
Investment management$39,018
Total administrative$68,213
The Nhk Seating of America, Inc. 401(k) match · 2024
Employer contribution per active participant$1,652
Median for plans this size$2,416
2024$1,652 per active participant
2023$1,742 per active participant
2022$1,512 per active participant
2019$1,649 per active participant

Nhk Seating of America, Inc.'s 2024 employer contribution ran below 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$39,018
ADP, INC. · Loan processing · Recordkeeping$29,195
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill, UBS

This plan has changed recordkeepers within these filings. If you left Nhk Seating of America, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2024$68,213 · 0.36%
2023$66,694 · 0.40%
2022$111,669 · 0.67%
2019$60,342 · 0.45%
Same employer
Similar plansManufacturing · Indiana
Spencer Industries, Inc. IN$21.0M · 0.14%
Atlas Die, LLC IN$20.9M · 0.40%
Pk U.S.A. Inc. IN$20.7M · 0.02%
Park 100 Foods, Inc. IN$20.0M · 0.18%
Khorporate Holdings, Inc. IN$19.3M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382750123 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.