401(k) · DOL Form 5500 · 2023

Nexteer Automotive Corporation 401(k) Plan

Data updated 2026-08-25

$160M
Total assets Near avg plan size
2,055
Participants Near avg headcount
94th
Percentile by assets National rank
$78,048
Avg per participant Below avg balance/head
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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.

  • #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.

#16,960
in Manufacturing (18,722 peers)
+15.4%
assets growth YoY
1.6×
vs typical plan assets (national mean)

Nexteer Automotive Hourly 401(k) Retirement Plan's outsized position by total assets

Nexteer Automotive Hourly 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$160,388,574 Top 6% higher than 94% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Nexteer Automotive Hourly 401(k) Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nexteer Automotive Hourly 401(k) Retirement Plan lands in the large band (2,055 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

DOL schedule card

Filing strip 261668808 · Nexteer Automotive Corporation PY 2023 · 401(k)

Nexteer Automotive Hourly 401(k) Retirement Plan · $160M · 2,055 · 94th

  • PHOTO $160M
  • IND 2,055
  • EOY 94th
  • 5500 401(k)
  • ASSETS near Idt Corporation 401(k) Plan
  • PCT ind #16960

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Michigan →

Nexteer Automotive Hourly 401(k) Retirement Plan in the asset neighbourhood

Webber, LLC 401(k) Savings PlanWebber, LLC 401(k) Savings P…$160MNexteer Automotive Hourly 401(k) Retirement PlanNexteer Automotive Hourly 40…$160MIdt Corporation 401(k) Plan$160MHinckley, Allen & Snyder LLP Retirement Savings PlanHinckley, Allen & Snyder LLP…$160MEfsc Incentive Savings Plan$160M
End-of-year total assets ($M) among Nexteer Automotive Hourly 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$139M
Net Assets (End of Year)$160M
Net Income$22M
Employer EIN261668808
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nexteer Automotive Corporation)

Sponsor-wide plan assets over time

All Nexteer Automotive Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$573M 19.98147687342883% vs 2022
2024 filing year
$450M$500M$550M$600M 202220232024 $477M $573M ▲ +20.0%
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 Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Nexteer Automotive Hourly 401(k) Retirement Plan, Total assets ($B): 0.160388574 · Participants: 2055Nexteer Automotive Hourly 401(k) Retirement PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Nexteer Automotive Hourly 401(k) Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Nexteer Automotive Hourly 401(k) Retirement Plan side-by-side with 3 peers →

Nexteer Automotive Hourly 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Idt Corporation 401(k) Plan in NJ ($160M); by covered participants it is B & H Foto 401(k) Retirement Plan in NY (2,055 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($160M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,055 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Nexteer Automotive Hourly 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is B & H Foto 401(k) Retirement Plan in NY (2,055 participants, $110M in assets).

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.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.