MOBILITY NOW! PODCAST HOME EVENTS COMPANY NEWS LOCATIONS CAREERS CONTACT NAL is Nationally Recognized for Its Best-In-Class Retirement Offerings (June 23, 2021) – North American Lighting, Inc. (NAL) wins the 2021 Total Retirement Offerings Plan Sponsor of the Year Award. This award program recognizes retirement plan sponsors that show a commitment to their participants’ financial health and retirement success. The award is given in many different categories to recognize all plan types. “I am extremely proud that our plan is now nationally recognized, highlighting some of the values that NAL adds to Team Members’ futures,” said John Key, Compensation and Benefits Manager. “NAL tries to ensure that all Team Members have a bright retirement, and this starts with our automatic 3% company contribution to Team Member 401(k) accounts.” In 2020, the company retirement contribution equated to more than $6 million. Under the NAL 401(k)/Profit Sharing Plan, Team Members are automatically enrolled at a 6% contribution rate with an annual 1% increase up to 10% of their eligible earnings. Key encourages Team Members to consider saving at least 10% of their annual income to their retirement accounts. The company also makes an annual profit sharing contribution to Team Members’ retirement accounts. For 25 of the last 27 years that contribution as been 5.5% of Team Members’ base pay. In addition to its total retirement offering, NAL also offers competitive medical, dental and vision insurance to their team of nearly 6,000. To read more about NAL’s Team Member benefits visit https://www.nal.com/team-member-benefits/. Plan Sponsor of the Year nominations were made in December and January and finalists were announced in March. To be considered, a nomination first has to be made for the award, which could come from the plan sponsor itself. All nominees were then asked to officially enter and complete an online form, supplying details about the plan’s administration, participant statistics and data; only those who complete the form were considered. The 2021 awards have nine categories: • Public Defined Contribution (DC) • Corporate 401(k) >$1B • Corporate 401(k) >$300MM–$1B • Corporate 401(k) >$150MM–$300MM • Corporate 401(k) >$50MM–$150MM • Corporate 401(k) $25MM–$50MM • Corporate 401(k) <$25MM • Nonprofit DC • Total Retirement Offering (TRO) Contact: Kayla Boyll, Corporate Human Resources: 217-465-6600 Ext. 7429. Recent News The Growing Importance of Data November 17, 2021 Prospects for the Future of the Automotive Lighting Business October 20, 2021 How LiDAR Senses the World for Cars September 15, 2021 NAL Team Member Update: Shortages, Revenue and the COVID Vaccine September 7, 2021 An Innovative Way to Buy and Rent Cars with Kyte August 18, 2021 NAL to Open a Facility in Mattoon for Growing Business July 30, 2021 Lithium Batteries in the Mobility Industry and Safe Solutions to Battery Waste Growth July 21, 2021 NAL is Nationally Recognized for Its Best-In-Class Retirement Offerings June 23, 2021 News Archive News Archive Select Month November 2021 October 2021 September 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 October 2019 September 2019 July 2019 May 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 June 2018 April 2018 March 2018 August 2017 Follow Us ©2015-2021 North American Lighting, Inc. | A Koito Group Company Site developed by Roundtable North American Lighting, Inc. (NAL) is a Koito Group Company. NAL is the leading producer of innovative automotive lighting systems in North America. NAL is an equal opportunity employer. HOME CAREERS CONTACT PRIVACY POLICY ENVIRONMENTAL POLICY SOCIAL RESPONSIBILITY POLICY Share This