Nexteer Automotive 401(k) match, vesting and fees
What Nexteer Automotive'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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Rehmann Robson LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Nexteer Automotive: employer contribution per participant | $2,147 | |
| Peer median | $2,413 |
| Nexteer Automotive: average balance | $81,813 | |
| Peer median | $86,456 |
| Nexteer Automotive: admin expenses ÷ assets | 0.06% | |
| 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 $167M at the end of plan year 2021 to $174M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,230 | $174M | $4.6M | $2,147 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 2,328 | $160M | $4.7M | $2,098 | 0.07% | Not published | Form 5500 ↗ |
| 2022 | 2,371 | $139M | $4.9M | $2,155 | 0.07% | Not published | Form 5500 ↗ |
| 2021 | 2,546 | $167M | $5M | $2,094 | 0.09% | Not published | Form 5500 ↗ |
Other Nexteer Automotive plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Nexteer Automotive Salaried 401(k) Retirement Plan
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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Rehmann Robson LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Common questions
Does Nexteer Automotive match 401(k) contributions?
The match terms for the Nexteer Automotive Hourly 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $4.6M in employer contributions, about $2,147 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Nexteer Automotive 401(k) match vested?
The vesting schedule for the Nexteer Automotive Hourly 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Nexteer Automotive 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Nexteer Automotive Corporation.
I left Nexteer Automotive. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Nexteer Automotive Corporation, (989) 757-5000) or the recordkeeper, Principal Life Insurance Company. The Nexteer Automotive old 401(k) page lists the contacts from every plan filing. Find an old Nexteer Automotive 401(k)
Data from the public Form 5500 annual reports Nexteer Automotive 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 Nexteer Automotive. Not financial advice. Report a correction · Methodology