# Maynard Nexsen, PC 401(k) Plan
Source: https://planprovider.pro/companies/maynard-nexsen-pc-plan-005

> Maynard Nexsen, PC&#39;s 401(k) plan: 195 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Maynard Nexsen, PC

- **Sponsor EIN:** 630864426

- **Sponsor Address:** 1901 6YH AVE. N, BIRMINGHAM, AL, 352032629

- **Plan Type:** 401(k)

- **Total Participants:** 195

- **Total Assets:** $10.8M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|195|$10.8M|$0|$2.0M|

| 2023|187|$6.9M|$0|$1.8M|

| 2022|142|$4.9M|$600|$1.1M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| WARREN AVERITT, LLC|Auditor|$25,000|—|$25,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WARREN AVERITT, LLC](https://planprovider.pro/provider/warren-averett-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $25,000

- **Estimated Expense Ratio:** 0.232% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$46,932|$5,125|—|$25,000|—|

| 2023|$30,032|$10,926|—|—|—|

| 2022|$411,690|—|$19,740|—|—|

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