Plan Ledger DOL Form 5500 · updated monthly

Nokian Tyres, Inc.401(k)

NOKIAN TYRES, INC. 401(K) PLAN · DAYTON, TN · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Nokian Tyres, Inc. reported $35,471 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $1,821 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 $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 491st-largest of 1,496 plans among Tennessee employers on file, and the 4,921st of 11,654 in professional & technical services. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 457 to 619 since 2022.

Plan summary
Net assets, end of year$23,865,624
Participants with balances385
Active participants619
Employer contributions$1,127,399
Employee contributions$1,756,955
Employer contribution per active participant$1,821
Average account balance$61,989
Benefits paid to participants$1,896,830
Plan auditUnmodified (clean) audit opinion
AuditorBILODEAU, WELLS & COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 385 accts · $1.1M emplr
2023$19.4M · 355 accts · $876K emplr
2022$15.1M · 323 accts · $688K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,673
Investment management$18,798
Total administrative$35,471
The Nokian Tyres, Inc. 401(k) match · 2024
Employer contribution per active participant$1,821
Median for plans this size$2,416
2024$1,821 per active participant
2023$1,590 per active participant
2022$1,506 per active participant

Nokian Tyres, Inc.'s 2024 employer contribution ran below the $2,416 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
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$16,672
LEAFHOUSE FINANCIAL ADVISORS LLC · Investment advisory (plan)$10,007
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,791

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$35,471 · 0.16%
2023$27,115 · 0.16%
2022$23,793 · 0.15%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Lrk Inc. TN$25.6M · 0.41%
Pickering, Inc. TN$24.2M · 0.55%
Ncontracts LLC TN$23.9M · 0.34%
Profitsolv Purchaser, Inc. TN$23.7M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911849160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.