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: DB
- Total Participants: 6,514
- Total Assets: $12.9B
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 | 6,514 | $12.9B | $0 | $0 |
| 2023 | 7,280 | $13.9B | $0 | $0 |
| 2022 | 7,492 | $14.5B | $0 | $0 |
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 | NONE | $5,647,225 | — | $5,647,225 |
| AON CONSULTING, INC. | NONE | $618,181 | — | $618,181 |
| NOKIA OF AMERICA CORPORATION | EMPLOYER | $313,523 | — | $313,523 |
| DELOITTE & TOUCHE LLP | NONE | $273,000 | — | $273,000 |
| DAY PITNEY | NONE | $220,986 | — | $220,986 |
| NOKIA INVESTMENT MANAGEMENT CORP | AFFILIATE | $92,947 | — | $92,947 |
| UNIVERSAL MAILING SERVICE | NONE | $34,251 | — | $34,251 |
| CANDID LITHO | NONE | $33,015 | — | $33,015 |
| ACCESS CORP | NONE | $23,249 | — | $23,249 |
| SEYFARTH SHAW | NONE | $12,394 | — | $12,394 |
| CURCIO WEBB | NONE | $6,978 | — | $6,978 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — NONE
- AON CONSULTING, INC. — NONE
- DELOITTE & TOUCHE LLP — NONE
- DAY PITNEY — NONE
- SEYFARTH SHAW — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,275,749
- Estimated Expense Ratio: 0.057% 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 | $16,002,000 | — | — | $273,000 | — |
| 2023 | $14,458,000 | — | — | $229,000 | — |
| 2022 | $14,399,000 | — | — | — | — |