Plan Ledger DOL Form 5500 · updated monthly

Nikon Precision Inc401(k)

NPI/NRCA EMPLOYEES SAVINGS AND INVESTMENT PLAN · BELMONT, CA · plan year 2024

Employer contribution per participant · 2024
$6,369

Nikon Precision Inc's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $293,700,880 across 572 participant accounts, with employer contributions averaging $6,369 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.00% to 0.01%. 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 418th-largest of 9,483 plans among California employers on file, and the 860th of 13,661 in manufacturing. In 2024, employees put in $2.62 for every $1.00 the employer contributed; active participation has shrunk from 510 to 431 since 2022.

Plan summary
Net assets, end of year$293,700,880
Participants with balances572
Active participants431
Employer contributions$2,745,204
Employee contributions$7,186,532
Employer contribution per active participant$6,369
Average account balance$513,463
Benefits paid to participants$20,281,455
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$293.7M · 572 accts · $2.7M emplr
2023$253.9M · 603 accts · $2.9M emplr
2022$212.1M · 619 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Investment management$68,543
Audit (IQPA)$15,000
Total administrative-$6,265
The Nikon Precision Inc 401(k) match · 2024
Employer contribution per active participant$6,369
Median for plans this size$4,294
2024$6,369 per active participant
2023$6,044 per active participant
2022$5,700 per active participant

Nikon Precision Inc'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.

Service providers · 20244
SAGE VIEW · Investment advisory (plan)$54,000
MILLER KAPLAN ARASE LLP · Accounting / audit$15,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$14,543
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$14,105 · 0.01%
2022$4,866 · 0.00%
Same employer
Similar plansManufacturing · California
Ortho Clinical Diagnostics CA$329.1M · 0.03%
Exelixis, Inc. CA$319.0M · 0.00%
Carl Zeiss Meditec Inc. CA$290.7M · 0.02%
Anritsu Company CA$288.7M · 0.06%
Formfactor, Inc. CA$276.8M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942837900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.