Sumitomo Electric Wiring Systems 401(k) match, vesting and fees
What Sumitomo Electric Wiring Systems' 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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Boris Benic and Associates LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,622 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Sumitomo Electric Wiring Systems: employer contribution per participant | $2,136 | |
| Peer median | $2,413 |
| Sumitomo Electric Wiring Systems: average balance | $90,910 | |
| Peer median | $86,434 |
| Sumitomo Electric Wiring Systems: admin expenses ÷ assets | 0.23% | |
| 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 $170M at the end of plan year 2023 to $194M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,212 | $194M | $4.6M | $2,136 | 0.23% | Not published | Form 5500 ↗ |
| 2023 | 2,182 | $170M | $4.3M | $2,050 | 0.17% | Not published | Form 5500 ↗ |
Common questions
Does Sumitomo Electric Wiring Systems match 401(k) contributions?
The match terms for the Sumitomo Electric Wiring Systems, Inc. 401(k) Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $4.6M in employer contributions, about $2,136 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Sumitomo Electric Wiring Systems 401(k) match vested?
The vesting schedule for the Sumitomo Electric Wiring Systems, Inc. 401(k) Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sumitomo Electric Wiring Systems 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Sumitomo Electric Wiring Systems, Inc..
I left Sumitomo Electric Wiring Systems. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sumitomo Electric Wiring Systems, Inc., (270) 782-7397) or the recordkeeper, Empower Annuity Insurance Company. The Sumitomo Electric Wiring Systems old 401(k) page lists the contacts from every plan filing. Find an old Sumitomo Electric Wiring Systems 401(k)
Data from the public Form 5500 annual reports Sumitomo Electric Wiring Systems 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 Sumitomo Electric Wiring Systems. Not financial advice. Report a correction · Methodology