# Nexen Group INC. 401(k) Plan
Source: https://planprovider.pro/companies/nexen-group-inc-401k-plan

> Nexen Group INC.'s 401(k) plan: 108 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Nexen Group INC.

- **Sponsor EIN:** 411669760

- **Sponsor Address:** 560 OAK GROVE PARKWAY, VADNAIS HEIGHTS, MN, 55127

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

- **Total Participants:** 108

- **Total Assets:** $56.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **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|108|$56.8M|$660,260|$1.0M|

| 2023|111|$51.8M|$664,254|$986,254|

| 2022|108|$43.9M|$668,608|$918,692|

## 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|

| OLSON THIELEN & CO., LTD|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [OLSON THIELEN & CO., LTD](https://planprovider.pro/provider/olsen-thielen-and-co-ltd) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$76,994|$18,629|$46,365|—|—|

| 2023|$75,241|$20,000|$44,491|—|—|

| 2022|$110,455|$16,000|$72,157|—|$22,298|

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