401(k) · DOL Form 5500 · 2023

Nexteer Automotive Corporation 401(k) Plan

Data updated 2026-08-11

$160M
Total assets: 2,055
Participants: 94th
Percentile by assets: $78,048
Avg per participant

Official DOL plan name: Nexteer Automotive Hourly 401(k) Retirement Plan · Sponsored by Nexteer Automotive Corporation · Michigan · Manufacturing

$160M in assets, 2,055 participants

Nexteer Automotive Corporation's Nexteer Automotive Hourly 401(k) Retirement Plan reported $160M in total assets and 2,055 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

94th percentile by assets (of 127,072 plans)
#16,960 in Manufacturing (18,722 peers)

Coverage in Michigan

Nexteer Automotive Hourly 401(k) Retirement Plan covers 2,055 participants in Michigan, 3.2x the typical Michigan plan (state average ~638 per filing). Assets: $160M.

$160M
total plan assets (2023 EOY): 2,055
covered participants: 94th
percentile by assets (of 127,072 plans): $78,048
avg assets per participant

Nexteer Automotive Hourly 401(k) Retirement Plan reported net income rose from -$28M in the plan year 2022 filing to $22M in the plan year 2023 filing.
Nexteer Automotive Hourly 401(k) Retirement Plan end-of-year assets rose from $139M in the plan year 2022 filing to $160M in the plan year 2023 filing.
Nexteer Automotive Hourly 401(k) Retirement Plan reported participants fell from 2,192 in the plan year 2022 filing to 2,055 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Manufacturing

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Nexteer Automotive Hourly 401(k) Retirement Plan reports 2,055 participants - 3.2x that state average ($160M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$139M
Net Assets (End of Year)	$160M
Net Income	$22M
Employer EIN	261668808
Plan Effective Date	2011-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Nexteer Automotive Corporation)

Total plan assets by year, all Nexteer Automotive Corporation plans on file

Year	Plans	Participants	Total Assets
2022	2	3,878	$477M
2023	2	3,684	$536M
2024	2	3,495	$573M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Nexteer Automotive Hourly 401(k) Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants

General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195

Compare Nexteer Automotive Hourly 401(k) Retirem… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Nexteer Automotive Hourly 401(k) Retirement Plan by total assets, not by location.

Idt Corporation 401(k) Plan (NJ) $160M · 678
Hinckley, Allen & Snyder LLP Retirement Savings Plan (RI) $160M · 350
Efsc Incentive Savings Plan (MO) $160M · 1,127
Webber, LLC 401(k) Savings Plan (TX) $160M · 2,860

Frequently Asked Questions

How did Nexteer Automotive Hourly 401(k) Retirement Plan assets move in 2023? ▼

Nexteer Automotive Hourly 401(k) Retirement Plan grew sharply - up 15.4% during 2023, from $139M to $160M. Reported net income was $22M.

How have Nexteer Automotive Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Nexteer Automotive Corporation's sponsor-wide assets grew 20.0%, from $477M to $573M.

Where does Nexteer Automotive Hourly 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼

Nexteer Automotive Hourly 401(k) Retirement Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Nexteer Automotive Hourly 401(k) Retirement Plan? ▼

Among 401(k) plans in other states, the closest by assets is Idt Corporation 401(k) Plan in NJ ($160M, 678 participants).

Next read for Nexteer Automotive Hourly 401(k) Retirem…

Filing takeaways

Ways to act on Nexteer Automotive Hourly 401(k) Retirement Plan's numbers.

By total assets, Nexteer Automotive Hourly 401(k) Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
Nexteer Automotive Corporation's sponsor-wide assets have grown 20.0% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 261668808.