Plan Snapshot
- Plan Sponsor: Nexteer Automotive Corporation
- Sponsor EIN: 261668808
- Sponsor Address: BENEFITS DEPARTMENT, SAGINAW, MI, 486019494
- Plan Type: 401(k)
- Total Participants: 1,271
- Total Assets: $398.6M
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 | 1,271 | $398.6M | $8.1M | $15.5M |
| 2023 | 1,464 | $375.9M | $7.8M | $17.1M |
| 2022 | 1,628 | $338.4M | $9.7M | $17.1M |
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 |
|---|---|---|---|---|
| REHMANN ROBSON LLC | 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 | $143,125 | — | $143,125 | — | — |
| 2023 | $212,573 | $75,000 | $137,573 | — | — |
| 2022 | $311,459 | $75,000 | $236,459 | — | — |