# Panasonic Corporation Of North America 401(k) Plan
Source: https://planprovider.pro/companies/panasonic-corporation-of-north-america-401k-plan

> Panasonic Corporation Of North America's 401(k) plan: 8,736 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Panasonic Corporation Of North America

- **Sponsor EIN:** 362786846

- **Sponsor Address:** 2 RIVERFRONT PLAZA, NEWARK, NJ, 071025490

- **Plan Type:** 401(k)

- **Total Participants:** 8,736

- **Total Assets:** $1.7B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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.|

| 2024|8,736|$1.7B|$32.9M|$86.1M|

| 2023|9,662|$1.6B|$30.4M|$78.6M|

| 2022|9,305|$1.3B|$28.2M|$72.2M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$526,479|—|$526,479|

| MERCER|CONSULTANT|$59,605|—|$59,605|

| COHNREZNICK LLP|ACCOUNTANT/AUDITOR|$26,775|—|$26,775|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $612,859

- **Estimated Expense Ratio:** 0.037% 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|$612,858|—|$1,800|$26,775|—|

| 2023|$619,797|—|$4,200|$25,724|—|

| 2022|$747,620|—|—|—|—|

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