Plan5500

Nextpoint Financial 401(K) Plan — Form 5500 plan (Nextpoint Financial, 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, Nextpoint Financial 401(K) Plan is a benefit plan reported by Nextpoint Financial, Inc. under EIN 86-3493325 and plan number 001. The latest loaded filing year is 2023. The filing reports 571 participants and $9,887,909 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Nextpoint Financial, Inc.
EIN
86-3493325
Plan number
001
Plan type
2
Location
Hurst, TX
Latest filing year
2023
Participants
571
End-of-year plan assets
$9,887,909

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023571H, C20241015121129NAL0049277520001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$9,887,909
Total liabilities (EOY)
$0
Net assets (EOY)
$9,887,909
Net assets (BOY)
$6,873,020

Income & contributions

Employer contributions
$535,068
Participant contributions
$1,715,226
Total contributions
$3,113,924
Total income / additions
$4,688,490

Expenses & distributions

Benefits paid
$1,581,160
Administrative expenses
$92,381
Total expenses
$1,673,601
Net increase / (decrease)
$3,014,889

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$82,107$02023
Merrill Lynch Pierce Fenner & SmithCONSULTANT$10,274$1,6802023

Related Form 5500 pages