Plan Snapshot
- Plan Sponsor: Nyk Group Americas INC.
- Sponsor EIN: 133800790
- Sponsor Address: 300 LIGHTING WAY, SECAUCUS, NJ, 07094
- Plan Type: 401(k)
- Total Participants: 214
- Total Assets: $69.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 214 | $69.5M | $351,087 | $1.1M |
| 2023 | 216 | $65.1M | $339,700 | $1.1M |
| 2022 | 255 | $59.9M | $298,390 | $938,097 |
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 |
|---|---|---|---|---|
| BPM, LLP | Auditor | $56,710 | — | $56,710 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BPM, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,710
- Estimated Expense Ratio: 0.082% 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 | $111,247 | $51,613 | — | $56,710 | — |
| 2023 | $86,685 | $49,485 | — | $1,070 | — |
| 2022 | $10,217 | $1,361 | — | — | $7,223 |