Nec Corporation of America 401(k) match, vesting and fees
What Nec Corporation of America's 401(k) plan says about matching contributions
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 | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Sutton Frost Carey LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Nec Corporation of America: employer contribution per participant | $1,860 | |
| Peer median | $2,413 |
| Nec Corporation of America: average balance | $267,993 | |
| Peer median | $86,456 |
| Nec Corporation of America: admin expenses ÷ assets | 0.05% | |
| 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 $507M at the end of plan year 2021 to $469M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,775 | $469M | $3.3M | $1,860 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 1,953 | $445M | $3.1M | $1,619 | 0.05% | Not published | Form 5500 ↗ |
| 2022 | 2,136 | $389M | $3.1M | $1,449 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 2,037 | $507M | $5M | $2,465 | 0.04% | Not published | Form 5500 ↗ |
Common questions
Does Nec Corporation of America match 401(k) contributions?
The match terms for the Nec Corporation of America Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $3.3M in employer contributions, about $1,860 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Nec Corporation of America 401(k) match vested?
The vesting schedule for the Nec Corporation of America Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Nec Corporation of America 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Nec Corporation of America.
I left Nec Corporation of America. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Nec Corporation of America, (214) 262-2000) or the recordkeeper, Schwab Retirement Plan Services,inc. The Nec Corporation of America old 401(k) page lists the contacts from every plan filing. Find an old Nec Corporation of America 401(k)
Data from the public Form 5500 annual reports Nec Corporation of America filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Nec Corporation of America. Not financial advice. Report a correction · Methodology