Plan Ledger DOL Form 5500 · updated monthly

Nissan North America, Inc.401(k)

NISSAN EMPLOYEE 401(K) PLAN · FRANKLIN, TN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Nissan North America, Inc. reported $3,588,063 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,067 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 0.07% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 7th-largest of 1,496 plans among Tennessee employers on file, and the 82nd of 13,661 in manufacturing. In 2024, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,375,715,539
Participants with balances21,352
Active participants16,200
Employer contributions$114,489,295
Employee contributions$142,731,751
Employer contribution per active participant$7,067
Average account balance$204,932
Benefits paid to participants$384,228,217
Plan auditUnmodified (clean) audit opinion
AuditorLMBC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.4B · 21,352 accts · $114.5M emplr
2023$4.0B · 22,124 accts · $168.0M emplr
2022$3.4B · 22,960 accts · $97.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$150,800
Investment management$2,993,799
Total administrative$3,588,063
The Nissan North America, Inc. 401(k) match · 2024
Employer contribution per active participant$7,067
Median for plans this size$5,259
2024$7,067 per active participant
2023$9,827 per active participant
2022$5,709 per active participant

Nissan North America, Inc.'s 2024 employer contribution ran above the $5,259 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 · 20248
VOYA INSTITUTIONAL PLAN SERVICES · Investment advisory (participants) · Other services$3,306,571
LCG ASSOCIATES · Consulting$84,000
ALSTON & BIRD LLP · Legal$64,647
EIGHT ELEVEN GROUP · Consulting$46,632
MERCER · Actuarial$37,000
LBMC, PC · Consulting$27,100
KELLY SERVICES INC. · Consulting$18,241
DELOITTE · Contract administrator$3,872

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$3,588,063 · 0.09%
2023$3,165,234 · 0.09%
2022$2,760,660 · 0.07%
Same employer
Similar plansManufacturing · Tennessee
Micron Technology, Inc. ID$4.4B · 0.04%
Koch Companies, LLC KS$4.3B · 0.02%
Analog Devices, Inc. MA$4.3B · 0.01%
Ppg Industries, Inc. PA$4.3B · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952108010 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.