Nexen Group Inc. Retirement Savings Plan — Form 5500 plan (Nexen Group 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, Nexen Group Inc. Retirement Savings Plan is a benefit plan reported by Nexen Group Inc. under EIN 41-1669760 and plan number 001. The latest loaded filing year is 2023. The filing reports 146 participants and $51,752,762 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Nexen Group Inc.
- EIN
- 41-1669760
- Plan number
- 001
- Plan type
- 2
- Location
- Vadnais Heights, MN
- Latest filing year
- 2023
- Participants
- 146
- End-of-year plan assets
- $51,752,762
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 146 | H, C | 20240821104749NAL0006116320001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $51,752,762
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $51,752,762
- Net assets (BOY)
- $43,901,823
Income & contributions
- Employer contributions
- $664,254
- Participant contributions
- $986,254
- Total contributions
- $1,743,845
- Total income / additions
- $10,021,035
Expenses & distributions
- Benefits paid
- $2,094,855
- Administrative expenses
- $75,241
- Total expenses
- $2,170,096
- Net increase / (decrease)
- $7,850,939
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $44,490 | $0 | 2023 |
| Advanced Capital Group | INV ADV, PARTICIPANTS | $20,000 | not reported in the loaded dataset | 2023 |
| Olsen Thielen & Co., Ltd. | ACCOUNTANT | $10,750 | not reported in the loaded dataset | 2023 |