Nissan North America, Inc. 401(k) Review & Grade
Nissan Employee 401(k) Plan
Franklin, TNManufacturing16,650 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,876Employer $ per active participant
$8,573Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$4.4BNet plan assets, end of year
$204,932Average balance per account
Score breakdown
- Employer generosity32.3 / 5065th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 50th |
| Employee saving | 51th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($26,257 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Nissan North America put in about $6,876 per active participant, more than the typical peer ($5,480). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $114,489,295 |
| Participant (employee) contributions | $142,731,751 |
| Other contributions (incl. rollovers in) | $6,427,386 |
| Administrative expenses paid from the plan | $3,588,063 |
| Contract administrator fees | $124,150 |
| Investment advisory & management fees | $2,993,799 |
| Other admin expenses | $341,817 |
| Benefits paid out | $384,228,217 |
| Net assets, start / end of year | $4.0B / $4.4B |
| Active participants, start / end of year | 17,099 / 16,200 |
| Participants with account balances | 21,352 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lmbc, PC |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $3,306,571 reported compensation |
| LCG Associates | $84,000 reported compensation |
| Alston & Bird LLP | $64,647 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009135432NAL0006675297001, received 2025-10-09, EIN 95-2108010, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.