NSK Americas 401(k) match, vesting and fees
What NSK Americas' 401(k) plan says about matching contributions
The Plan provides for safe harbor matching contributions equal to 100 percent of employee deferrals, up to a maximum of 6.0 percent of eligible compensation.
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. 30 ↗ |
| Loans | Participants may borrow from their accounts subject to a maximum of $50,000 or 50 percent of the vested portion of their account balances and a minimum of $1,000 prescribed by the Plan and in the Internal Revenue Code. | Audit report, p. 31 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Plante Moran, PLLC (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 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| NSK Americas: employer contribution per participant | $3,037 | |
| Peer median | $2,413 |
| NSK Americas: average balance | $146,146 | |
| Peer median | $86,456 |
| NSK Americas: 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 $263M at the end of plan year 2021 to $281M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,123 | $281M | $5.8M | $3,037 | 0.11% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 2,285 | $253M | $5.7M | $2,939 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 2,225 | $215M | $5.7M | $3,014 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 2,240 | $263M | $5.3M | $2,866 | 0.02% | Not published | Form 5500 ↗ |
Common questions
Does NSK Americas match 401(k) contributions?
The audit report attached to the Nsk Americas, Inc. 401(k) Plan's plan year 2024 Form 5500, page 30 says: “The Plan provides for safe harbor matching contributions equal to 100 percent of employee deferrals, up to a maximum of 6.0 percent of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the NSK Americas 401(k) match vested?
The vesting schedule for the Nsk Americas, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the NSK Americas 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Nsk Americas, Inc..
I left NSK Americas. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Nsk Americas, Inc., (734) 913-7500) or the recordkeeper, Fidelity Investments Institutional. The NSK Americas old 401(k) page lists the contacts from every plan filing. Find an old NSK Americas 401(k)
Data from the public Form 5500 annual reports NSK Americas 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 NSK Americas. Not financial advice. Report a correction · Methodology