Nexteer Automotive Salaried 401(K) Retirement Plan — Form 5500 plan (Nexteer Automotive Corporation)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Nexteer Automotive Salaried 401(K) Retirement Plan is a benefit plan reported by Nexteer Automotive Corporation under EIN 26-1668808 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,077 participants and $375,875,492 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Nexteer Automotive Corporation
EIN
26-1668808
Plan number
001
Plan type
2
Location
Saginaw, MI
Latest filing year
2023
Participants
2,077
End-of-year plan assets
$375,875,492

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20232,077H, C20241014101912NAL0014758371001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$375,875,492
Total liabilities (EOY)
$0
Net assets (EOY)
$375,875,492
Net assets (BOY)
$338,394,158

Income & contributions

Employer contributions
$7,775,503
Participant contributions
$17,061,428
Total contributions
$27,191,670
Total income / additions
$86,388,141

Expenses & distributions

Benefits paid
$49,059,143
Administrative expenses
$212,573
Total expenses
$49,271,716
Net increase / (decrease)
$37,116,425

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$137,573$02023
Shepherd Kaplan Krochuk LLCINVESTMENT ADVISORY$75,000not reported in the loaded dataset2023

Related Form 5500 pages