2023 Form 5500 filing — Nexgen Data Systems 401(K) 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 20240910102752NAL0006728897003) for Nexgen Data Systems 401(K) Plan, reported by Nexgen Data Systems, Inc. under EIN 20-3991036 and plan number 001. It reports 241 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240910102752NAL0006728897003
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Nexgen Data Systems, Inc.
- EIN
- 20-3991036
- Plan number
- 001
- Location
- Goose Creek, SC
- Participants
- 241
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,861,624
- Net assets (EOY)
- $17,861,624
- Employer contributions
- $1,701,544
- Participant contributions
- $1,501,546
- Total income / additions
- $5,676,525
- Benefits paid
- $965,235
- Administrative expenses
- $81,225
- Total expenses
- $1,060,118
- Net increase / (decrease)
- $4,616,407
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $61,452 | $0 |
| Northwestern Mutual Investment Svcs | BROKER/ADVISOR | $0 | $35,861 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $16,061 | $0 |
| Envestnet Retirement Solutions LLC | OTHER | $5,707 | $0 |
| Spectrum Retirement Services Corp. | THIRD PARTY ADMINISTRATOR | $0 | $5,000 |