Plan Ledger DOL Form 5500 · updated monthly

Nitto Americas Inc.401(k)

NITTO AMERICAS INC. 401(K) RETIREMENT PLAN · TEANECK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Nitto Americas Inc. reported $378,986 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $3,416 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 0.15% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 196th-largest of 2,419 plans among New Jersey employers on file, and the 1,016th of 13,661 in manufacturing. In 2024, employees put in $2.48 for every $1.00 the employer contributed; active participation has shrunk from 2,025 to 1,812 since 2022.

Plan summary
Net assets, end of year$242,383,737
Participants with balances2,399
Active participants1,812
Employer contributions$6,189,188
Employee contributions$15,372,302
Employer contribution per active participant$3,416
Average account balance$101,035
Benefits paid to participants$30,953,237
Plan auditUnmodified (clean) audit opinion
AuditorMARKSNELSON LLC
Plan history3
Yearassets · accounts · employer contribution
2024$242.4M · 2,399 accts · $6.2M emplr
2023$222.7M · 2,537 accts · $6.4M emplr
2022$205.1M · 2,827 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$228,962
Investment management$68,124
Total administrative$378,986
The Nitto Americas Inc. 401(k) match · 2024
Employer contribution per active participant$3,416
Median for plans this size$3,635
2024$3,416 per active participant
2023$3,596 per active participant
2022$3,054 per active participant

Nitto Americas Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$228,867
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$68,124
MARKSNELSON LLC$30,150

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Nitto Americas 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$378,986 · 0.16%
2023$346,541 · 0.16%
2022$327,496 · 0.15%
Similar plansManufacturing · New Jersey
Conair LLC NJ$302.8M · 0.11%
Crestron Electronics, Inc NJ$274.6M · 0.27%
Onto Innovation, Inc. NJ$263.7M · 0.00%
Ptc Therapeutics, Inc. NJ$243.7M · 0.06%
Convatec NJ$239.4M · 0.18%
Arxada, LLC NJ$224.9M · 0.05%
Mannington Mills, Inc. NJ$210.2M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132623346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.