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: 401(k)
- Plan Number: 003
- Total Participants: 24,701
- Total Assets: $9.9B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 24,701 | $9.9B | $0 | $0 |
| 2024 | 6,331 | $9.8B | $0 | $107.3M |
| 2023 | 7,104 | $9.1B | $0 | $112.1M |
| 2022 | 7,326 | $8.2B | $0 | $109.5M |
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 |
|---|---|---|---|---|
| WELLINGTON MANAGEMENT COMPANY, LLP | Other Service Provider | $5,007,292 | — | $5,007,292 |
| ALIGHT FINANCIAL ADVISORS LLC | Other Service Provider | $2,290,104 | — | $2,290,104 |
| JACOBS LEVY EQUITY MANAGEMENT, INC. | Other Service Provider | $1,880,223 | — | $1,880,223 |
| WELLINGTON TRUST COMPANY, NA | Other Service Provider | $1,254,459 | — | $1,254,459 |
| ALIGHT SOLUTIONS LLC | Other Service Provider | $1,058,274 | — | $1,058,274 |
| AQR CAPITAL MANAGEMENT, LLC | Other Service Provider | $1,039,237 | — | $1,039,237 |
| BLACKROCK FINANCIAL MANAGEMENT INC. | Other Service Provider | $1,027,538 | — | $1,027,538 |
| MERCER INVESTMENTS LLC | Other Service Provider | $834,114 | — | $834,114 |
| ALLIANCEBERNSTEIN L.P. | Other Service Provider | $783,109 | — | $783,109 |
| ALIGHT FINANCIAL SOLUTIONS LLC | Other Service Provider | $694,798 | $37,533 | $732,331 |
| MFS INSTITUTIONAL ADVISORS, INC. | Other Service Provider | $709,365 | — | $709,365 |
| BANK OF NEW YORK | Custodian / Trustee | $654,863 | — | $654,863 |
| BLACKROCK INSTITUTIONAL TRUST CO. | Other Service Provider | $611,819 | — | $611,819 |
| PERSHING LLC | Other Service Provider | — | $445,583 | $445,583 |
| JP MORGAN INVESTMENT MANAGEMENT INC | Other Service Provider | $421,592 | — | $421,592 |
| FIAM LLC | Other Service Provider | $369,042 | — | $369,042 |
| PZENA | Other Service Provider | $363,544 | — | $363,544 |
| ARES MANAGEMENT LLC | Other Service Provider | $265,214 | — | $265,214 |
| NOKIA OF AMERICA CORPORATION | Other Service Provider | $181,657 | — | $181,657 |
| FIAM TC | Other Service Provider | $171,198 | — | $171,198 |
| LSV | Other Service Provider | $165,187 | — | $165,187 |
| NOKIA INVESTMENT MANAGEMENT CORP | Other Service Provider | $145,664 | — | $145,664 |
| DELOITTE & TOUCHE | Other Service Provider | $129,000 | — | $129,000 |
| BROWN BROTHERS HARRIMAN | Other Service Provider | $120,060 | — | $120,060 |
| ALSTON & BIRD | Other Service Provider | $104,583 | — | $104,583 |
| WILLIAM BLAIR INVESTMENT | Other Service Provider | $91,979 | — | $91,979 |
| AON CONSULTING, INC. | Other Service Provider | $75,000 | — | $75,000 |
| DAY PITNEY LLP | Other Service Provider | $57,832 | — | $57,832 |
| GRAPHIC PARTNERS | Other Service Provider | $43,885 | — | $43,885 |
| SEYFARTH SHAW | Other Service Provider | $9,544 | — | $9,544 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,043,292
- Estimated Expense Ratio: 0.213% 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 |
|---|---|---|---|---|---|
| 2025 | $808,399,000 | — | — | — | — |
| 2024 | $2,324,000 | — | — | — | — |
| 2023 | $2,155,000 | — | — | — | — |
| 2022 | $2,153,000 | — | — | — | — |