Nexgen Data Systems 401(K) Plan — Form 5500 plan (Nexgen Data Systems, Inc.)
Plain-English plan 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, Nexgen Data Systems 401(K) Plan is a benefit plan reported by Nexgen Data Systems, Inc. under EIN 20-3991036 and plan number 001. The latest loaded filing year is 2023. The filing reports 241 participants and $17,861,624 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Nexgen Data Systems, Inc.
- EIN
- 20-3991036
- Plan number
- 001
- Plan type
- 2
- Location
- Goose Creek, SC
- Latest filing year
- 2023
- Participants
- 241
- End-of-year plan assets
- $17,861,624
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 241 | H, C | 20240910102752NAL0006728897003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,861,624
- Net assets (EOY)
- $17,861,624
- Net assets (BOY)
- $13,245,217
Income & contributions
- Employer contributions
- $1,701,544
- Participant contributions
- $1,501,546
- Total contributions
- $3,350,652
- Total income / additions
- $5,676,525
Expenses & distributions
- Benefits paid
- $965,235
- Administrative expenses
- $81,225
- Total expenses
- $1,060,118
- Net increase / (decrease)
- $4,616,407
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $61,452 | $0 | 2023 |
| Northwestern Mutual Investment Svcs | BROKER/ADVISOR | $0 | $35,861 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $16,061 | $0 | 2023 |
| Envestnet Retirement Solutions LLC | OTHER | $5,707 | $0 | 2023 |
| Spectrum Retirement Services Corp. | THIRD PARTY ADMINISTRATOR | $0 | $5,000 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Nexgen Data Systems, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in SC
- 401(k) and benefit plan filings in Goose Creek, SC
- Empower Annuity Insurance Company — Schedule C compensation
- Northwestern Mutual Investment Svcs — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Envestnet Retirement Solutions LLC — Schedule C compensation
- Spectrum Retirement Services Corp. — Schedule C compensation