Plan Ledger DOL Form 5500 · updated monthly

Toyota Industries North America, Inc.401(k)

TOYOTA INDUSTRIES NORTH AMERICA GROUP ASSOCIATES' 401(K) RETIREMENT PLAN · COLUMBUS, IN · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Toyota Industries North America, Inc. reported $1,613,885 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,794 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 0.12% to 0.13%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other management of companies employers. By assets it is the 12th-largest of 1,562 plans among Indiana employers on file, and the 37th of 786 in management of companies. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 13,808 to 16,222 since 2022.

Plan summary
Net assets, end of year$1,368,624,088
Participants with balances18,390
Active participants16,222
Employer contributions$45,324,839
Employee contributions$108,796,296
Employer contribution per active participant$2,794
Average account balance$74,422
Benefits paid to participants$96,200,606
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.4B · 18,390 accts · $45.3M emplr
2023$1.1B · 17,244 accts · $38.9M emplr
2022$908.1M · 15,558 accts · $33.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,094,117
Investment management$333,595
Audit (IQPA)$53,775
Total administrative$1,613,885
The Toyota Industries North America, Inc. 401(k) match · 2024
Employer contribution per active participant$2,794
Median for plans this size$5,259
2024$2,794 per active participant
2023$2,581 per active participant
2022$2,391 per active participant

Toyota Industries North America, Inc.'s 2024 employer contribution ran below the $5,259 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,094,108
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$333,595
CAPITAL STRATEGIES INVESTMENT GROU · Consulting$112,500
FORVIS MAZARS LLP · Accounting / audit · Consulting$53,775
OGLETREE DEAKING · Legal$19,907

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$1,613,885 · 0.13%
2023$1,283,770 · 0.13%
2022$1,184,932 · 0.12%
Same employer
Similar plansManagement of Companies · Indiana
Tnc US Holdings, Inc. NY$1.5B · 0.02%
Ashland Inc. DE$1.3B · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954842543 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.