Ikea North America Services 401(k) match, vesting and fees
What Ikea North America Services' 401(k) plan says about matching contributions
The Company contributes 100% of the first 4% and 50% of the next 2% of a participant's deferral.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 40 ↗ |
| Match vesting | Participants are vested immediately in their contributions and the Company’s contributions plus actual earnings thereon for the safe harbor portion of the employer contributions. For the discretionary employer contributions, a participant is 100 percent vested after three years of credited service. There is no vesting until three years of service have been completed. | Audit report, p. 41 ↗ |
| Automatic enrollment | The Plan includes an automatic enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 3 percent of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant. | Audit report, p. 40 ↗ |
| Roth contributions | Participants also may designate all or a portion of their deferral contributions as after-tax contributions into a Roth account. | Audit report, p. 40 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. The loans are secured by the balance in the participant's account. The loan interest rate, determined monthly, is set at 1 percent above the prime rate, as defined. | Audit report, p. 41 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cbiz Cpas (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Ikea North America Services: employer contribution per participant | $1,689 | |
| Peer median | $1,215 |
| Ikea North America Services: average balance | $53,242 | |
| Peer median | $48,539 |
| Ikea North America Services: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $804M at the end of plan year 2023 to $1.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 22,940 | $1.1B | $34.1M | $1,689 | 0.11% | Quoted in the audit report, p. 40 ↗ | Form 5500 ↗ |
| 2023 | 19,338 | $804M | $29.7M | $1,580 | 0.05% | Not published | Form 5500 ↗ |
Other Ikea North America Services plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Tack
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cbiz Cpas PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Ikea North America Services match 401(k) contributions?
The audit report attached to the Ikea Retirement and Savings Plan's plan year 2024 Form 5500, page 40 says: “The Company contributes 100% of the first 4% and 50% of the next 2% of a participant's deferral.” Plan terms may have changed; check your current Summary Plan Description.
When is the Ikea North America Services 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 41 says: “Participants are vested immediately in their contributions and the Company’s contributions plus actual earnings thereon for the safe harbor portion of the employer contributions. For the discretionary employer contributions, a participant is 100 percent vested after three years of credited service. There is no vesting until three years of service have been completed.”
Who manages the Ikea North America Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Ikea North America Services, LLC.
I left Ikea North America Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ikea North America Services, LLC, (610) 834-0180) or the recordkeeper, Fidelity Investments Institutional. The Ikea North America Services old 401(k) page lists the contacts from every plan filing. Find an old Ikea North America Services 401(k)
Data from the public Form 5500 annual reports Ikea North America Services filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ikea North America Services. Not financial advice. Report a correction · Methodology