401(k) · DOL Form 5500 · 2024
Nexteer Automotive Corporation 401(k) Plan
Data updated 2026-08-11
- $174M
- Total assets
- 2,030
- Participants
- 94th
- Percentile by assets
- $85,802
- Avg per participant
Official DOL plan name: Nexteer Automotive Hourly 401(k) Retirement Plan · Sponsored by Nexteer Automotive Corporation · Michigan · Manufacturing
$174M in assets, 2,030 participants
Nexteer Automotive Corporation's Nexteer Automotive Hourly 401(k) Retirement Plan reported $174M in total assets and 2,030 participants in its 2024 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 123,622 plans)
- #16,082 in Manufacturing (17,777 peers)
Coverage in Michigan
Nexteer Automotive Hourly 401(k) Retirement Plan covers 2,030 participants in Michigan, 3.2x the typical Michigan plan (state average ~638 per filing). Assets: $174M.
- $174M
- total plan assets (2024 EOY)
- 2,030
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $85,802
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Nexteer Automotive Hourly 401(k) Retirement Plan reported net income fell from $22M in the plan year 2023 filing to $14M in the plan year 2024 filing.
- Nexteer Automotive Hourly 401(k) Retirement Plan end-of-year assets rose from $160M in the plan year 2023 filing to $174M in the plan year 2024 filing.
- Nexteer Automotive Hourly 401(k) Retirement Plan reported participants fell from 2,055 in the plan year 2023 filing to 2,030 in the plan year 2024 filing.
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 2,030 participants - 3.2x that state average ($174M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $160M |
|---|---|
| Net Assets (End of Year) | $174M |
| Net Income | $14M |
| Employer EIN | 261668808 |
| Plan Effective Date | 2011-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Nexteer Automotive Corporation)
| 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 $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
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.
- Amundi US, Inc. Savings and Investment Plan (MA) $174M · 473
- Ziply Fiber 401(k) Plan (WA) $174M · 1,589
- Berkshire Hathaway Specialty Insurance Company Retirement Pla (MA) $174M · 886
- Thiele Kaolin Company Retirement Savings Plan (GA) $174M · 567
Frequently Asked Questions
How did Nexteer Automotive Hourly 401(k) Retirement Plan assets move in 2024? ▼
How have Nexteer Automotive Corporation plan assets changed over time? ▼
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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