New Jersey › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Nokia SAVINGS/401(K) Plan
Sponsored by Nokia of America Corporation, Murray Hill, NJ
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2025, Nokia SAVINGS/401(K) Plan covered 24,701 participants and held $9.63B in net assets. The plan is a 401(k) plan sponsored by Nokia of America Corporation of Murray Hill, New Jersey.
Net assets came to $359,594 per participant in plan year 2024, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $62,303 median for defined contribution plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $20.7M: $837 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $2.4M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $5.80B in 2009 to $9.63B in 2025 (up 66%), and participants from 44,584 to 24,701 (down 45%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $359,594 | $64,499 | $62,303 | $53,102 |
| Employer contributions per active participant | — | $2,424 | $2,187 | $2,175 |
| Schedule C compensation per participant | $682 | $53.38 | $136 | $123 |
| Schedule C compensation, share of net assets | 0.19% | 0.09% | 0.24% | 0.26% |
| Administrative expenses per participant | $93.41 | $54.85 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), manufacturing (11,377) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 24,701 | $9.63B | $389,840 | — | $112M | $20.7M |
| 2024 | 24,880 | $8.95B | $359,594 | — | $107M | $17.0M |
| 2023 | 26,582 | $8.37B | $314,976 | — | $112M | $21.1M |
| 2022 | 27,726 | $7.47B | $269,309 | — | $109M | $21.5M |
| 2021 | 28,306 | $9.17B | $323,844 | $3,000 | $110M | $21.9M |
| 2020 | 29,559 | $8.51B | $287,887 | $448K | $118M | $20.3M |
| 2019 | 30,613 | $7.90B | $258,127 | $665K | $118M | $20.3M |
| 2018 | 32,460 | $6.94B | $213,881 | $840K | $133M | $23.6M |
| 2017 | 34,386 | $7.84B | $227,941 | $838K | $138M | $17.5M |
| 2016 | 35,859 | $7.14B | $199,241 | $980K | $124M | $19.3M |
| 2015 | 34,149 | $6.38B | $186,848 | $1.4M | $225M | $18.1M |
| 2014 | 36,538 | $6.69B | $183,081 | — | $140M | $2.4M |
| 2013 | 32,567 | $6.45B | $198,163 | $67.6M | $160M | $2.8M |
| 2012 | 37,399 | $6.40B | $171,083 | $74.2M | $158M | $2.1M |
| 2011 | 40,610 | $6.01B | $147,988 | $76.6M | $158M | $2.6M |
| 2010 | 42,064 | $6.14B | $145,986 | $76.7M | $153M | $2.3M |
| 2009 | 44,584 | $5.80B | $130,180 | $48.1M | $161M | $2.0M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$8,946,700,000
- Employer contributions—
- Participant contributions$111,667,000
- Rollovers and other contributions$28,869,000
- Total contributions$140,536,000
- Total income, including investment results$1,491,137,000
- Benefits paid$805,988,000
- Administrative expenses$2,384,000
- Total expenses$808,399,000
- Net income$682,738,000
- Net transfers$0
- Net assets, end of year$9,629,438,000
Participants
- Active participants7,376
- Retired or separated, receiving benefits29
- Retired or separated, entitled to future benefits15,312
- Participants with account balances23,739
- Total participants, end of year24,701
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Wellington Management Company, LLP | Investment management | $5,007,292 | $0 |
| Alight Financial Advisors LLC | Investment advisory (participants); Recordkeeping and information management; Other services; Securities brokerage | $4,043,176 | $37,533 |
| Jacobs Levy Equity Management, Inc. | Investment management | $1,880,223 | $0 |
| Wellington Trust Company, NA | Investment management | $1,254,459 | $0 |
| Aqr Capital Management, LLC | Investment management | $1,039,237 | $0 |
| BlackRock Financial Management Inc. | Investment management; Other services | $1,027,538 | $0 |
| Mercer Investments LLC | Direct payment from the plan; Investment management fees paid directly by plan | $834,114 | $0 |
| AllianceBernstein L.P. | Investment management | $783,109 | $0 |
| MFS Institutional Advisors, Inc. | Investment management | $709,365 | $0 |
| Bank of New York | Custodial (securities); Other services; Trustee (bank, trust company, or similar financial institution); Trustee (directed) | $654,863 | $0 |
| BlackRock Institutional Trust Co. | Investment management; Other services | $611,819 | $0 |
| Pershing LLC | Shareholder servicing fees; Other fees; Finders' fees/placement fees; Securities brokerage commissions and fees | $0 | $445,583 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$2,384,000
- Total administrative expenses$2,384,000
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$7.42B · 75.2%
- Other investments$1.21B · 12.3%
- Corporate stocks$599M · 6.1%
- Corporate debt instruments$283M · 2.9%
- U.S. Government securities$249M · 2.5%
- Registered investment companies (mutual funds)$42.2M · 0.4%
- Receivables$31.0M · 0.3%
- Participant loans$21.2M · 0.2%
- Cash (interest and non-interest bearing)$6.5M · 0.1%
- Employer securities$373K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $12,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2RParticipant-directed brokerage accounts provided as an investment option under the plan3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 334200: Communications Equipment Mfg.
Other plans of Nokia of America Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Nokia Retirement Income Plan | 81,332 | $12.9B |
| Lucent Technologies Inc. Pension Plan | 15,169 | $4.03B |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Sanofi U.S. Group Savings Plan | Sanofi-Aventis US LLC | 26,596 | $8.49B | $319,398 |
| Novartis Corporation Investment Savings Plan | Novartis Corporation | 23,877 | $9.91B | $415,037 |
| BD 401(k) Plan | Becton, Dickinson and Company | 31,746 | $6.49B | $204,540 |
| U.S. Associate Savings Plan | Mars, Incorporated | 20,530 | $3.38B | $164,842 |
| Bristol-Myers Squibb Company Savings and Investment Program | Bristol-Myers Squibb Company | 34,444 | $12.7B | $370,021 |
| Samsung 401(k) Plan | Samsung Electronics America, Inc. | 20,495 | $3.12B | $152,249 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is Nokia SAVINGS/401(K) Plan?
24,701 participants at the end of the plan year ending 31 Dec 2025, of whom 7,376 were active employees, with net assets of $9,629,438,000. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Nokia of America Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $20,680,893 in compensation to service provider organisations, $837 per participant or 0.21% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $2,384,000. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Nokia of America Corporation. Recordkeeping or administration: Alight Financial Advisors LLC. Investment advisory or management: Wellington Management Company, LLP, Alight Financial Advisors LLC and Jacobs Levy Equity Management, Inc.. Trustee or custodian: Bank of New York. The financial statements were audited by Deloitte & Touche LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 21 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 22-3408857, plan 003, received 21 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.