NSK Americas, Inc. 401(k) Review & Grade
NSK Americas, Inc. 401(k) Plan
Ann Arbor, MIManufacturing1,738 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,356Employer $ per active participant
$5,271Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$280.6MNet plan assets, end of year
$146,146Average balance per account
Score breakdown
- Employer generosity33.8 / 5068th percentile for employer $ per participant
- Low cost18.1 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 72th |
| Employee saving | 55th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,721 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- NSK Americas put in about $3,356 per active participant, more than the typical peer ($2,320). 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.
- 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 | $5,831,487 |
| Participant (employee) contributions | $9,158,873 |
| Other contributions (incl. rollovers in) | $877,209 |
| Administrative expenses paid from the plan | $288,116 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $130,002 |
| Benefits paid out | $23,508,975 |
| Net assets, start / end of year | $253.5M / $280.6M |
| Active participants, start / end of year | 1,797 / 1,678 |
| Participants with account balances | 1,920 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $134,721 reported compensation |
| Strategic Advisors, Inc. | $130,002 reported compensation |
| Warner Norcross and Judd LLP | $17,993 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010150803NAL0007917681001, received 2025-10-10, EIN 38-2002916, plan #334, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.