Nexteer Automotive Hourly 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 Hourly 401(K) Retirement Plan is a benefit plan reported by Nexteer Automotive Corporation under EIN 26-1668808 and plan number 002. The latest loaded filing year is 2023. The filing reports 2,449 participants and $160,388,574 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
002
Plan type
2
Location
Saginaw, MI
Latest filing year
2023
Participants
2,449
End-of-year plan assets
$160,388,574

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20232,449H, C20241014101106NAL0025894465001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$160,388,574
Total liabilities (EOY)
$0
Net assets (EOY)
$160,388,574
Net assets (BOY)
$139,034,961

Income & contributions

Employer contributions
$4,678,008
Participant contributions
$6,911,361
Total contributions
$11,610,414
Total income / additions
$35,550,838

Expenses & distributions

Benefits paid
$13,725,800
Administrative expenses
$105,402
Total expenses
$13,832,316
Net increase / (decrease)
$21,718,522

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$105,402$02023

Related Form 5500 pages