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)
- Total Participants: 6,331
- Total Assets: $9.8B
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. |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| JACOBS LEVY EQUITY MANAGEMENT, INC. | NONE | $2,486,541 | — | $2,486,541 |
| ALIGHT FINANCIAL ADVISORS LLC | NONE | $2,282,316 | — | $2,282,316 |
| WELLINGTON MANAGEMENT COMPANY, LLP | NONE | $1,947,788 | — | $1,947,788 |
| MFS INSTITUTIONAL ADVISORS, INC. | NONE | $1,103,916 | — | $1,103,916 |
| ALIGHT SOLUTIONS LLC | NONE | $995,593 | — | $995,593 |
| BLACKROCK FINANCIAL MANAGEMENT INC. | NONE | $938,135 | — | $938,135 |
| BANK OF NEW YORK | TRUSTEE | $773,695 | — | $773,695 |
| WELLINGTON TRUST COMPANY, NA | NONE | $759,352 | — | $759,352 |
| NOKIA INVESTMENT MANAGEMENT CORP | AFFILIATE | $635,361 | $76 | $635,437 |
| AQR CAPITAL MANAGEMENT, LLC | NONE | $629,337 | — | $629,337 |
| ALIGHT FINANCIAL SOLUTIONS LLC | NONE | $544,626 | $40,449 | $585,075 |
| LSV | NONE | $564,518 | — | $564,518 |
| FIAM LLC | NONE | $544,363 | — | $544,363 |
| ALLIANCEBERNSTEIN L.P. | NONE | $440,681 | — | $440,681 |
| PERSHING LLC | NONE | — | $411,018 | $411,018 |
| T. ROWE PRICE TRUST COMPANY | NONE | $381,252 | — | $381,252 |
| PZENA | NONE | $305,961 | — | $305,961 |
| JP MORGAN INVESTMENT MANAGEMENT | NONE | $270,450 | — | $270,450 |
| BLACKROCK INSTITUTIONAL TRUST CO. | NONE | $219,560 | — | $219,560 |
| NOKIA OF AMERICA CORPORATION | EMPLOYER | $176,722 | — | $176,722 |
| ARES MANAGEMENT LLC | NONE | $164,160 | — | $164,160 |
| TEMPLETON INVESTMENT COUNSEL, LLC | NONE | $132,942 | — | $132,942 |
| DELOITTE & TOUCHE | NONE | $125,000 | — | $125,000 |
| BROWN BROTHERS HARRIMAN | NONE | $78,360 | — | $78,360 |
| AON CONSULTING, INC. | NONE | $75,000 | — | $75,000 |
| CEM BENCHMARKING INC | NONE | $67,000 | — | $67,000 |
| DAY PITNEY LLP | NONE | $35,809 | — | $35,809 |
| SEYFARTH SHAW | NONE | $25,752 | — | $25,752 |
| GRAPHIC PARTNERS | NONE | $23,944 | — | $23,944 |
| CURCIO WEBB | NONE | $8,334 | — | $8,334 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT FINANCIAL ADVISORS LLC — NONE
- ALIGHT SOLUTIONS LLC — NONE
- ALIGHT FINANCIAL SOLUTIONS LLC — NONE
- PERSHING LLC — NONE
- JP MORGAN INVESTMENT MANAGEMENT — NONE
- DELOITTE & TOUCHE — NONE
- AON CONSULTING, INC. — NONE
- DAY PITNEY LLP — NONE
- SEYFARTH SHAW — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,188,011
- Estimated Expense Ratio: 0.175% 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 | $2,324,000 | — | — | — | — |
| 2023 | $2,155,000 | — | — | — | — |
| 2022 | $2,153,000 | — | — | — | — |