Plan Ledger DOL Form 5500 · updated monthly

Nisshinbo Automotive Manufacturing, Inc.401(k)

NISSHINBO AUTOMOTIVE 401(K) PLAN · COVINGTON, GA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Nisshinbo Automotive Manufacturing, Inc. reported $58,554 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $871 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 0.31% to 0.40%. 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 1,007th-largest of 2,160 plans among Georgia employers on file, and 7,037th of 13,661 in manufacturing. In 2024, employees put in $3.01 for every $1.00 the employer contributed; active participation has grown from 253 to 355 since 2022.

Plan summary
Net assets, end of year$15,186,912
Participants with balances370
Active participants355
Employer contributions$309,178
Employee contributions$930,305
Employer contribution per active participant$871
Average account balance$41,046
Benefits paid to participants$1,476,960
Plan auditUnmodified (clean) audit opinion
AuditorJONES AND KOLB
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 370 accts · $309K emplr
2023$13.8M · 345 accts · $306K emplr
2022$11.6M · 306 accts · $209K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,945
Investment management$32,609
Total administrative$58,554
The Nisshinbo Automotive Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$871
Median for plans this size$2,416
2024$871 per active participant
2023$1,015 per active participant
2022$826 per active participant

Nisshinbo Automotive Manufacturing, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$65,635
ALLIANT RETIREMENT SERVICES · Investment advisory (plan)$32,609

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Nisshinbo Automotive Manufacturing, 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 history3
2024$58,554 · 0.40%
2023$37,365 · 0.29%
2022$39,826 · 0.31%
Same employer
Similar plansManufacturing · Georgia
Tighitco, Inc. GA$15.7M · 0.33%
Piolax Corporation GA$15.6M · 0.46%
Wrd, Inc. GA$15.4M · 0.37%
Bridon American Corporation GA$15.2M · 0.29%
Peachtree Packaging, Inc. GA$15.1M · 0.66%
Lee Container, LLC GA$14.7M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582305517 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.