Sumitomo Corporation of Americas 401(k) match, vesting and fees
What Sumitomo Corporation of Americas' 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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Lbmc PC (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 348 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Sumitomo Corporation of Americas: employer contribution per participant | $3,061 | |
| Peer median | $2,066 |
| Sumitomo Corporation of Americas: average balance | $117,627 | |
| Peer median | $77,876 |
| Sumitomo Corporation of Americas: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.14% |
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 $366M at the end of plan year 2021 to $406M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,585 | $406M | $10.6M | $3,061 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 3,607 | $356M | $9.8M | $2,840 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 3,524 | $305M | $8.6M | $2,546 | 0.12% | Not published | Form 5500 ↗ |
| 2021 | 3,405 | $366M | $8.4M | $2,529 | 0.11% | Not published | Form 5500 ↗ |
Other Sumitomo Corporation of Americas plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Linder Industrial Machinery 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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Lbmc, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does Sumitomo Corporation of Americas match 401(k) contributions?
The match terms for the The Safe Harbor 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $10.6M in employer contributions, about $3,061 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Sumitomo Corporation of Americas 401(k) match vested?
The vesting schedule for the The Safe Harbor 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sumitomo Corporation of Americas 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Retirement Solutions. The plan administrator is Sumitomo Corporation of Americas.
I left Sumitomo Corporation of Americas. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sumitomo Corporation of Americas, (212) 207-0700) or the recordkeeper, Transamerica Retirement Solutions. The Sumitomo Corporation of Americas old 401(k) page lists the contacts from every plan filing. Find an old Sumitomo Corporation of Americas 401(k)
Data from the public Form 5500 annual reports Sumitomo Corporation of Americas filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 Sumitomo Corporation of Americas. Not financial advice. Report a correction · Methodology