Retirement plan
TOYOTA MOTOR NORTH AMERICA, INC. RETIREMENT SAVINGS PLAN
TOYOTA MOTOR NORTH AMERICA, INCEIN 95-3141669Plan #002PY 2023
6565 HEADQUARTERS DRIVE - PLANO, TX 75024877-248-1635
Other plans on this EIN
1 filingProspect flagsFailed to provide benefitCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
GREG GUNDERSON
Signed 10/08/2024
Plan administrator entity
TOYOTA MOTOR NORTH AMERICA, INC. NORTH AMERICAN BENEFITS COMMITTEE
EIN 953141669
Summary metrics
Total assets (EOY)
$11912.4M
-15.8% from 2017
Total participants
52,368
-6.0% from 2017
Average account balance
$234,694
+26.0% from 2017
Annual return
19.59%
+268.94 pp from 2017
Benchmarks
Peer group
Industry42 - Wholesale Trade
Plan typeDefined contribution
Participants>=10,000
Cohort39 peers
Snapshot2023
92
Participant deferral / active EE
$8,227
median $5,085
95
Employer contribution / active EE
$7,748
median $2,297
76
Participation rate
96.3%
median 90.6%
100
Avg account balance
$234,694
median $76,622
13
Admin fee / account holder
$89
median $56
63
Annual return
19.59%
median 18.85%
Overall peer rank
73of 100
73rd percentileavg across 6 metrics
Analytics
2016 - 2024
Total assets (EOY)
Plan-year ending balance
$13.35B
Average account balance
Total assets / participants with a balance (line 6g)
$259K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
51,475
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.8%
Contributions (total)
Employer and participant dollars contributed each year
$791.07M
Contributions per participant
Average employer and participant contribution per enrolled participant
$18K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.42%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$83
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $1,901,776 |
Top hat statement on fileNQDC
Filed August 4, 2025 (most recent of 17 filings on file)
Plan administrator
Plans declared (1)
- TMNA CSO (CR) Agreement1 emp
Plan features & details
Pension benefit codes2G2J2K2T3H2E2F2S3F2R
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$4.5M
$103 / participant
- Recordkeeping$2M40.8%
- Investment mgmt$2M52.4%
- Actuarial$41K0.9%
- Contract admin$45K1.0%
- Other / not subdivided$221K4.9%
% of EOY assets
0.038%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- MOSS ADAMS LLP
- Auditor EIN
- 910189318
- Audit fees
- $0
- Opinion code
- Unqualified