PlanOptica
Retirement plan

NXP 401(K) RETIREMENT PLAN

NXP USA, INC.EIN 20-0443182Plan #001PY 2017
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6501 WILLIAM CANNON DRIVE WEST - AUSTIN, TX 78735800-521-6274LinkedIn5001-10000 employeesmanagement consulting
Prospect flagsLow returnsHigh feesHigh assets / participant

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
RENEE SALONY
Signed 10/04/2018
(800) 521-6274
Plan administrator signer
MARY MCCLURE
Signed 10/02/2018
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Summary metrics

Total assets (EOY)
$2595.1M
-1.3% from 2016
Total participants
9,045
-7.3% from 2016
Average account balance
$289,150
+5.7% from 2016
Annual return
15.57%
-2.36 pp from 2016

Benchmarks

See 123 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants5,000-9,999
Cohort123 peers
Snapshot2017
Participant deferral / active EE
$11,134
median $5,049
Employer contribution / active EE
$5,748
median $2,646
Participation rate
98.7%
median 93.6%
Avg account balance
$289,150
median $91,087
Admin fee / account holder
$772
median $58
Annual return
15.57%
median 18.75%
Overall peer rank
66th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.85B
Average account balance
Total assets / participants with a balance (line 6g)
$452K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,519
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.8%
Contributions (total)
Employer and participant dollars contributed each year
$124.66M
Contributions per participant
Average employer and participant contribution per enrolled participant
$26K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+16.27%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$807
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 21 by compensation
ProviderService typeCompensation
JANUS CAPITAL MANAGEMENT, LLC3+ years
Service code 28 · EIN 75-3019302
Investment Management
$1,262,778
EAGLE CAPITAL MANAGEMENT, LLC2 years
Service code 28 · EIN 22-3361201
Investment Management
$961,179
DRIEHAUS CAPITAL MANAGEMENT LLC3+ years
Service code 28 · EIN 20-3634295
Investment Management
$590,600
ARTISAN PARTNERS LTD PARTNERSHIP3+ years
Service code 28 · EIN 30-0551775
Investment Management
$572,869
NORTHERN TRUST COMPANY3+ years
Service code 21 · EIN 36-1561860
Bank Trustee
$527,521
BOSTON PARTNERS2 years
Service code 28 · EIN 98-0202744
Investment Management
$509,058
WESTERN ASSET MANAGEMENT COMPANY3+ years
Service code 28 · EIN 95-2705767
Investment Management
$434,212
VAUGHAN NELSON INVESTMENT MGMT LP3+ years
Service code 28 · EIN 04-3304963
Investment Management
$362,141
METROPOLITIAN WEST ASSET MANAGEMENT3+ years
Service code 28 · EIN 95-3703295
Investment Management
$331,663
JH ELLWOOD & ASSOCIATES INC3+ years
Service code 27 · EIN 36-3121777
Advisory (Plan)
$290,359

Top hat statement on fileNQDC

Filed December 1, 2023 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
6501 William Cannon Drive West
Austin, TX 78735
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Plan name not on file95 emp
Open the filing PDF

Plan features & details

Pension benefit codes2F2G2J2R2S2T
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$6.9M
$1278 / participant
  • Investment mgmt$6M91.0%
  • Contract admin$66K1.0%
  • Other / not subdivided$555K8.0%
% of EOY assets
0.267%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
ATCHLEY & ASSOCIATES, LLP
Auditor EIN
742920819
Audit fees
(not subdivided)
Opinion code
Disclaimer