2023 Form 5500 filing — Nexen Group Inc. Retirement Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240821104749NAL0006116320001) for Nexen Group Inc. Retirement Savings Plan, reported by Nexen Group Inc. under EIN 41-1669760 and plan number 001. It reports 146 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240821104749NAL0006116320001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Nexen Group Inc.
- EIN
- 41-1669760
- Plan number
- 001
- Location
- Vadnais Heights, MN
- Participants
- 146
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $51,752,762
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $51,752,762
- Employer contributions
- $664,254
- Participant contributions
- $986,254
- Total income / additions
- $10,021,035
- Benefits paid
- $2,094,855
- Administrative expenses
- $75,241
- Total expenses
- $2,170,096
- Net increase / (decrease)
- $7,850,939
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $44,490 | $0 |
| Advanced Capital Group | INV ADV, PARTICIPANTS | $20,000 | not reported in the loaded dataset |
| Olsen Thielen & Co., Ltd. | ACCOUNTANT | $10,750 | not reported in the loaded dataset |