Plan Ledger DOL Form 5500 · updated monthly

Nike, Inc.401(k)

401(K) SAVINGS AND PROFIT SHARING PLAN FOR EMPLOYEES OF NIKE, INC. · BEAVERTON, OR · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

Nike, Inc. reported $2,059,849 in plan administrative expenses for 2023: 0.04% of average plan assets, below the peer median. Employer contributions averaged $4,295 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 rose from 0.00% to 0.04%. The plan sits in the over $1B size bracket, benchmarked here against 1,075 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1st-largest of 1,021 plans among Oregon employers on file, and the 4th of 4,246 in wholesale trade. In 2023, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,900,304,417
Participants with balances37,277
Active participants37,293
Employer contributions$160,176,204
Employee contributions$263,805,768
Employer contribution per active participant$4,295
Average account balance$158,283
Benefits paid to participants$437,279,467
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.9B · 36,366 accts · $140.6M emplr
2023$5.9B · 37,277 accts · $160.2M emplr
2022$5.2B · 37,140 accts · $140.6M emplr
Administrative expenses, itemized · 2023
Investment management$1,785,055
Trustee / custodial$150,603
Total administrative$2,059,849
The Nike, Inc. 401(k) match · 2023
Employer contribution per active participant$4,295
Median for plans this size$5,237
2024$3,849 per active participant
2023$4,295 per active participant
2022$3,485 per active participant

Nike, Inc.'s 2023 employer contribution ran below the $5,237 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
BLACKROCK INSTITUTIONAL TRUST · Investment advisory (plan)$1,660,055
NORTHERN TRUST COMPANY · Trustee$150,603
MERCER · Investment advisory (plan)$125,000
NEWPORT TRUST COMPANY, LLC · Investment management$70,969

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$2,101,353 · 0.04%
2023$2,059,849 · 0.04%
2022$34,436 · 0.00%
Same employer
Similar plansWholesale Trade · Oregon
Cargill, Incorporated MN$8.9B · 0.04%
McKesson Corporation TX$5.7B · 0.02%
Sysco Corporation TX$5.2B · 0.05%
Cardinal Health, Inc. OH$4.8B · 0.05%
Robert Bosch LLC IL$4.6B · 0.06%
Columbia Sportswear Company OR$462.1M · 0.10%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 930584541 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.