# Nexans Energy Usa INC. DB Plan
Source: https://planprovider.pro/companies/nexans-energy-usa-inc-plan

> Nexans Energy Usa INC.&#39;s DB plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Nexans Energy Usa INC.

- **Sponsor EIN:** 561677808

- **Sponsor Address:** 1716 BUSHY PARK RD, GOOSE CREEK, SC, 29445

- **Plan Type:** DB

- **Total Participants:** 0

- **Total Assets:** $6.9M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

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

| 2024|0|$6.9M|$130,000|$0|

| 2023|0|$6.7M|$112,000|$0|

| 2022|0|$6.8M|$72,000|$0|

## 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|

| SCHWAB RETIREMENT PLAN SERVICES INC|NONE|$37,721|—|$37,721|

| DAVIS & COMPANY CPA|NONE|$28,400|—|$28,400|

### Verified Provider Profiles

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

- [SCHWAB RETIREMENT PLAN SERVICES INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [DAVIS & COMPANY CPA](https://planprovider.pro/provider/davis-law-llc) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $66,121

- **Estimated Expense Ratio:** 0.954% 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|$119,814|$1,875|—|$28,400|—|

| 2023|$183,540|—|—|$22,900|—|

| 2022|$166,420|—|—|—|$7,666|

## Similar Plans

- [Nexans Usa INC.](https://planprovider.pro/companies/nexans-usa-inc-401k-plan) — 598 participants

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