Nitto Americas Inc. 401(k) Review & Grade
Nitto 401(k) Retirement Plan
Teaneck, NJManufacturing1,799 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,440Employer $ per active participant
$8,545Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$242.4MNet plan assets, end of year
$101,035Average balance per account
Score breakdown
- Employer generosity34.3 / 5069th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 61th |
| Employee saving | 83th |
| Peers that auto-enroll | 59% |
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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 ($470,900 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
- Nitto Americas put in about $3,440 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.
- 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 | $6,189,188 |
| Participant (employee) contributions | $15,372,302 |
| Other contributions (incl. rollovers in) | $1,842,378 |
| Administrative expenses paid from the plan | $378,986 |
| Contract administrator fees | $51,550 |
| Investment advisory & management fees | $68,124 |
| Other admin expenses | $51,750 |
| Benefits paid out | $30,953,237 |
| Net assets, start / end of year | $222.7M / $242.4M |
| Active participants, start / end of year | 1,786 / 1,812 |
| Participants with account balances | 2,399 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Marksnelson LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $228,867 reported compensation |
| Ubs Financial Services Inc | $68,124 reported compensation |
| Marksnelson LLC | $30,150 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260203185219NAL0002866321001, received 2026-02-03, EIN 13-2623346, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.