Plan Snapshot
- Plan Sponsor: Nitto Americas INC.
- Sponsor EIN: 132623346
- Sponsor Address: 400 FRANK W. BURR BLVD., TEANECK, NJ, 07666
- Plan Type: 401(k)
- Total Participants: 1,812
- Total Assets: $242.4M
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 | 1,812 | $242.4M | $6.2M | $15.4M |
| 2023 | 1,786 | $222.7M | $6.4M | $15.7M |
| 2022 | 2,025 | $205.1M | $6.2M | $14.7M |
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 |
|---|---|---|---|---|
| MARKSNELSON LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MARKSNELSON LLC — Auditor
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 | $378,986 | $68,124 | $51,550 | — | — |
| 2023 | $346,541 | $61,703 | $238,150 | $41,500 | — |
| 2022 | $327,496 | $60,461 | $222,644 | — | $17,264 |