Department of Labor filing

NORIT AMERICAS INC.

NORIT AMERICAS 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Jul 31, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

66filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$10,815

Reported employer contributions per active participant.

Higher than about 93% of comparable plans

#People in the filing

169

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$635 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 2% of comparable plans

↗Investment performance

Not available

Plan assets changed 7.9%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202466out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions93rd percentileTypical peer $3,304 · based on 58 comparable plans

Lower reported administrative expense2nd percentileTypical peer $176 · based on 57 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, NORIT AMERICAS INC. reported $1,827,695 in employer contributions across the plan and 169 active participants. That works out to $10,815 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy89%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 62.0%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 15.9%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context66/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,827,695
Participant contributions: $1,632,468
Other contributions: $290,408
Employer share of reported contributions: 52.8%
Beginning assets: $33,843,844
Ending assets: $36,523,426
Ending net assets: $36,523,426
Ending liabilities: $0
Total income: $7,424,964
Total expenses: $4,745,382
Administrative expenses: $110,554
Participant loans: $650,739

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$6,674

2023

$10,504

2024

$10,815

Plan-paid administrative expenses per participant

2022

$548

2023

$789

2024

$635

Active participants

2022

151

2023

161

2024

169

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$10,815	169	36.5M	20250731142725NAL0010713826001
2023	$10,504	161	33.8M	20241009202206NAL0019047009001
2022	$6,674	151	29.3M	20231016135351NAL0076222194001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.8%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 590142210-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Apr 1, 2022
Industry: Industry group 324
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3D

Current plan terms

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Filing ACK_ID20250731142725NAL0010713826001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗