Plan Ledger DOL Form 5500 · updated monthly

Nhk Spring Precision of America, Inc.401(k)

NHK SPRING PRECISION OF AMERICA, INC. 401(K) PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Nhk Spring Precision of America, Inc. reported $25,621 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $872 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 0.93%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kentucky (725th of 871), and 12,289th of 13,661 in manufacturing. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has shrunk from 152 to 126 since 2022.

Plan summary
Net assets, end of year$2,978,047
Participants with balances135
Active participants126
Employer contributions$109,829
Employee contributions$298,084
Employer contribution per active participant$872
Average account balance$22,060
Benefits paid to participants$267,030
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE AND MORAN
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 135 accts · $110K emplr
2023$2.5M · 145 accts · $107K emplr
2022$2.1M · 124 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,938
Investment management$683
Total administrative$25,621
The Nhk Spring Precision of America, Inc. 401(k) match · 2024
Employer contribution per active participant$872
Median for plans this size$1,313
2024$872 per active participant
2023$676 per active participant
2022$643 per active participant

Nhk Spring Precision of America, Inc.'s 2024 employer contribution ran below the $1,313 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$24,938

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$25,621 · 0.93%
2023$21,107 · 0.92%
2022$23,480 · 0.97%
Same employer
Similar plansManufacturing · Kentucky
Univance, Inc. KY$3.0M · 0.78%
Dunaway Timber Company KY$2.8M · 0.17%
Flex Films USA, Inc. KY$2.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202899111 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.