Employers › Nortek
Recordkeeping fees per participant · Nortek 401(k) Plan · plan year 2023
$49.34
Higher than 39% of the 4,947 plans $50 to 250M that report it.
= $161,722 / 3,278
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20241014154739NAL0015237971001, received 2024-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014154739NAL0015237971001, received 2024-10-14
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-10-14.
Administrative expenses excluding investment management, per participant
$55.43
Higher than 30% of the 7,895 plans $50 to 250M that report it.
= $181,696 / 3,278
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241014154739NAL0015237971001, received 2024-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014154739NAL0015237971001, received 2024-10-14
Administrative expenses per participant
$85.84
Higher than 35% of the 8,189 plans $50 to 250M that report it.
= $281,385 / 3,278
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241014154739NAL0015237971001, received 2024-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014154739NAL0015237971001, received 2024-10-14
Administrative expenses as a share of assets
0.138%
Higher than 53% of the 8,206 plans $50 to 250M that report it.
= $281,385 / $204,323,631
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241014154739NAL0015237971001, received 2024-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241014154739NAL0015237971001, received 2024-10-14
Employer contributions per participant
$1,417
Higher than 20% of the 8,268 plans $50 to 250M that report it.
= $4,646,019 / 3,278
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241014154739NAL0015237971001, received 2024-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014154739NAL0015237971001, received 2024-10-14
Employer share of total contributions
24.8%
Higher than 33% of the 8,285 plans $50 to 250M that report it.
= $4,646,019 / $18,710,174
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241014154739NAL0015237971001, received 2024-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241014154739NAL0015237971001, received 2024-10-14
Plan terms are described in Nortek, Inc.'s SEC filings: Form 10-K filed 2016-02-29. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20241014154739NAL0015237971001, received 2024-10-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NORTEK, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Plan name | NORTEK 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Sponsor EIN / plan number | 05-0314991 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Sponsor location | CHICAGO, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Plan year | 2023-01-01 to 2023-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Filing received | 2024-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Participants, beginning of year | 3,111 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Active participants | 2,630 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Participants, end of year | 3,395 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Participants with an account balance | 3,278 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Total assets, beginning of year | $177,260,960 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Total assets, end of year | $204,323,631 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Net assets, end of year | $204,323,631 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Total income | $47,909,778 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Net income | $27,062,671 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Employer contributions | $4,646,019 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Participant contributions | $13,557,302 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Other contributions (incl. rollovers) | $506,853 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Total contributions | $18,710,174 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Benefit payments | $20,540,792 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Total expenses (incl. benefit payments) | $20,847,107 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Total administrative expenses | $281,385 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Contract administrator fees | $19,974 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Recordkeeping fees | $161,722 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Investment advisory and management fees | $99,689 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Administrative expenses excluding investment management | $181,696 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Held in common/collective trusts | $12,249,166 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Held in mutual funds | $190,354,373 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20241014154739NAL0015237971001, received 2024-10-14 |
| Independent auditor | HANCOCK ASKEW, & CO., LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20241014154739NAL0015237971001, received 2024-10-14 |
Position = column in the DOL layout for form year 2023. Filing 20241014154739NAL0015237971001, received 2024-10-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees | $169,276 | no |
| TRUIST BANK | NONE | 28 Investment management; 50 Direct payment from the plan | $91,910 | no |
| BAKER TILLY US LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $16,415 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20241014154739NAL0015237971001, received 2024-10-14.
No filing for the previous plan year is in the data, so there is no year-over-year comparison.
Sponsor name as filed: NORTEK, INC.; SEC registrant: NORTEK INC (CIK 1216596, matched by EIN).