Plan Snapshot
- Plan Sponsor: Nortek, INC.
- Sponsor EIN: 050314991
- Sponsor Address: 444 W. LAKE ST., CHICAGO, IL, 60606
- Plan Type: 401(k)
- Total Participants: 2,630
- Total Assets: $204.3M
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. |
|---|---|---|---|---|
| 2023 | 2,630 | $204.3M | $4.6M | $13.6M |
| 2022 | 2,683 | $177.3M | $5.4M | $13.7M |
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 |
|---|---|---|---|---|
| HANCOCK ASKEW, & CO., LLP | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2023 | $281,385 | $99,689 | $19,974 | — | — |
| 2022 | $278,374 | $97,086 | — | — | $14,814 |