Plan Snapshot
- Plan Sponsor: Nec Corporation Of America
- Sponsor EIN: 200665337
- Sponsor Address: 5205 N. O'CONNOR BLVD, IRVING, TX, 75039
- Plan Type: 401(k)
- Total Participants: 566
- Total Assets: $468.7M
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 | 566 | $468.7M | $3.3M | $9.7M |
| 2023 | 708 | $445.1M | $3.1M | $11.2M |
| 2022 | 801 | $389.5M | $3.1M | $10.9M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $138,948 | — | $138,948 |
| NFP RETIREMENT INC | NONE | $32,000 | — | $32,000 |
| SUTTON FROST CARY LLP | NONE | $22,500 | — | $22,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- NFP RETIREMENT INC — NONE
- SUTTON FROST CARY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $193,448
- Estimated Expense Ratio: 0.041% 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 | $215,948 | $78,840 | — | $22,500 | — |
| 2023 | $191,286 | $46,346 | $22,000 | — | — |
| 2022 | $215,406 | $48,000 | — | — | $21,000 |