Plan Snapshot
- Plan Sponsor: Nidec Genmark Automation INC.
- Sponsor EIN: 770158989
- Sponsor Address: 46723 LAKEVIEW BLVD, FREMONT, CA, 945386528
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $11.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 122 | $11.4M | $201,060 | $928,621 |
| 2023 | 141 | $9.9M | $186,259 | $843,853 |
| 2022 | 133 | $8.0M | $161,870 | $703,172 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| KESTRA ADVISORY SERVICES, LLC | BROKER | $27,447 | — | $27,447 |
| NATIONWIDE | NONE / TRUST RECORDKEEPER | $19,546 | — | $19,546 |
| AUDIT AND TAX SOLUTIONS, CPAS, INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES, LLC — BROKER
- NATIONWIDE — NONE / TRUST RECORDKEEPER
- AUDIT AND TAX SOLUTIONS, CPAS, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,993
- Estimated Expense Ratio: 0.413% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $28,593 | — | — | — | — |
| 2023 | $25,898 | — | — | — | — |
| 2022 | $20,780 | $19,839 | $941 | — | — |