Plan Snapshot
- Plan Sponsor: Jtekt North America Corporation
- Sponsor EIN: 570570962
- Sponsor Address: 7 RESEARCH DRIVE, GREENVILLE, SC, 29607
- Plan Type: 401(k)
- Total Participants: 4,526
- Total Assets: $450.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 4,526 | $450.5M | $14.3M | $25.0M |
| 2023 | 4,379 | $419.9M | $14.0M | $24.2M |
| 2022 | 4,275 | $366.4M | $13.1M | $22.2M |
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 |
|---|---|---|---|---|
| BAUKNIGHT, PIETRAS & STORMER P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $638,381 | $72,000 | $102,610 | — | — |
| 2023 | $753,479 | $72,200 | $621,196 | $33,556 | — |
| 2022 | $667,939 | $78,000 | $564,648 | — | $14,016 |