401(k) · DOL Form 5500 · 2023
Nokia of America Corporation 401(k) Plan
Data updated 2026-08-06
- $9.1B
- Total assets
- 7,326
- Participants
- 100th
- Percentile by assets
- $1.2M
- Avg per participant
Official DOL plan name: Nokia Savings/401(k) Plan · Sponsored by Nokia of America Corporation · New Jersey · Manufacturing
$9.1B in assets, 7,326 participants
Nokia of America Corporation's Nokia Savings/401(k) Plan reported $9.1B in total assets and 7,326 participants in its 2023 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 126,618 plans)
- #18,611 in Manufacturing (18,672 peers)
Coverage in New Jersey
Nokia Savings/401(k) Plan covers 7,326 participants in New Jersey, 8.5x the typical New Jersey plan (state average ~865 per filing). Assets: $9.1B.
- $9.1B
- total plan assets (2023 EOY)
- 7,326
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $1.2M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Nokia Savings/401(k) Plan reported net income rose from -$1.7B in the plan year 2022 filing to $906M in the plan year 2023 filing.
- Nokia Savings/401(k) Plan end-of-year assets rose from $8.2B in the plan year 2022 filing to $9.1B in the plan year 2023 filing.
- Nokia Savings/401(k) Plan reported participants fell from 7,340 in the plan year 2022 filing to 7,326 in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 865 participants across 3,927 plans. Nokia Savings/401(k) Plan reports 7,326 participants - 8.5x that state average ($9.1B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $8.2B |
|---|---|
| Net Assets (End of Year) | $8.4B |
| Net Income | $906M |
| Employer EIN | 223408857 |
| Plan Effective Date | 1996-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Nokia of America Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 14,753 | $27.1B |
| 2023 | 3 | 14,818 | $27.2B |
| 2024 | 3 | 14,384 | $26.7B |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Nokia Savings/401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
- JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
- Verizon Savings Plan for Management Employees $27.8B · 78,072
- Johnson and Johnson Savings Plan $22.2B · 41,291
- Ernst & Young Retirement Savings Plan $15.5B · 59,346
- Merck US Savings Plan $13.4B · 26,850
Scale composition for Nokia Savings/401(k) Plan
Nokia Savings/401(k) Plan reports $9.1B in end-of-year assets across 7,326 participants (0.078% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 covered participants) - about $1.2M per participant (9.1x the national average assets-per-participant) . Net income for plan year 2023 was $906M.
This plan identity (EIN 223408857, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $8.2B to $9.8B (+20.4%) while covered participants moved from 7,340 to 7,104 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,340 | $8.2B | Open filing |
| 2023 | 7,326 | $9.1B | This page |
| 2024 · index core | 7,104 | $9.8B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Nokia Retirement Income Plan (Defined Benefit (Pension), $12.9B, 7,280 participants)
- Nokia Savings/401(k) Plan (401(k), $9.8B, 7,104 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Nokia Savings/401(k) Plan by total assets, not by location.
- McKinsey & Company, Inc. (Psrp) Profit Sharing Retirement Plan (NY) $9.1B · 17,796
- Advocate Aurora Health 401(k) Plan (WI) $9.1B · 76,956
- Southwest Airlines Pilots Retirement Savings Plan (TX) $9.1B · 9,726
- The Bank of New York Mellon Corporation 401(k) Savings Plan (PA) $9.0B · 25,184
Frequently Asked Questions
How did Nokia Savings/401(k) Plan assets move in 2023? ▼
How have Nokia of America Corporation plan assets changed over time? ▼
Where does Nokia Savings/401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Nokia Savings/401(k) Plan? ▼
Next read for Nokia Savings/401(k) Plan
Filing takeaways
Ways to act on Nokia Savings/401(k) Plan's numbers.
- By total assets, Nokia Savings/401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in New Jersey. Compare plans
- Nokia of America Corporation's sponsor-wide assets have declined 1.4% since 2022 across 3 plan years on file. More Manufacturing plans