Plan Snapshot
- Plan Sponsor: Panasonic Corporation Of North America
- Sponsor EIN: 362786846
- Sponsor Address: TWO RIVERFRONT PLAZA, NEWARK, NJ, 071025490
- Plan Type: DB
- Total Participants: 160
- Total Assets: $246.7M
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 | 160 | $246.7M | $0 | $0 |
| 2023 | 188 | $269.0M | $0 | $0 |
| 2022 | 209 | $270.2M | $23.6M | $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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | $25,724 | — | $25,724 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,724
- Estimated Expense Ratio: 0.010% 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 | $850,959 | $246,293 | — | $25,724 | — |
| 2023 | $818,473 | $227,380 | — | $24,675 | — |
| 2022 | $1,088,127 | $351,660 | — | — | $409,251 |