Plan Snapshot
- Plan Sponsor: Nokia Of America Corporation
- Sponsor EIN: 223408857
- Sponsor Address: 600 MOUNTAIN AVENUE, ROOM 6D-401A, MURRAY HILL, NJ, 07974
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 0
- Total Assets: $677.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $677.3M | $842,000 | $54.7M |
| 2023 | 0 | $648.1M | $1.1M | $58.1M |
| 2022 | 0 | $592.6M | $1.1M | $67.4M |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | Recordkeeper | $2,965,062 | — | $2,965,062 |
| DELOITTE & TOUCHE LLP | Auditor | $328,040 | — | $328,040 |
| AON CONSULTING, INC. | Recordkeeper | $159,205 | — | $159,205 |
| MERATIVE | Other Service Provider | $73,205 | — | $73,205 |
| NOKIA INVESTMENT MANAGEMENT CORP. | Other Service Provider | $51,995 | — | $51,995 |
| BLACKROCK INSTITUTIONAL TRUST CO. | Other Service Provider | $33,850 | — | $33,850 |
| ALSTON & BIRD | ERISA Attorney | $25,100 | — | $25,100 |
| UNIVERSAL MAILING SERVICE | Other Service Provider | $23,805 | — | $23,805 |
| BANK OF NEW YORK MELLON | Custodian / Trustee | $23,000 | — | $23,000 |
| SEYFARTH SHAW | Investment Advisor | $8,448 | — | $8,448 |
| RICHARD CASH | Other Service Provider | $5,500 | — | $5,500 |
| UNITED HEALTHCARE | Other Service Provider | $5,347 | — | $5,347 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- DELOITTE & TOUCHE LLP — Auditor
- AON CONSULTING, INC. — Recordkeeper
- ALSTON & BIRD — ERISA Attorney
- SEYFARTH SHAW — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,702,557
- Estimated Expense Ratio: 0.547% 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 | $7,457,000 | $697,000 | $3,074,000 | $328,000 | — |
| 2023 | $7,742,000 | $691,000 | $3,770,000 | $435,000 | — |
| 2022 | $8,480,000 | — | — | — | $8,480,000 |