Plan Snapshot
- Plan Sponsor: Nexgen Data Systems, INC.
- Sponsor EIN: 203991036
- Sponsor Address: 431 ST. JAMES AVENUE, GOOSE CREEK, SC, 29445
- Plan Type: 401(k)
- Total Participants: 226
- Total Assets: $22.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 226 | $22.8M | $1.7M | $1.8M |
| 2023 | 196 | $17.9M | $1.7M | $1.5M |
| 2022 | 189 | $13.2M | $1.4M | $1.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $80,852 | — | $80,852 |
| NORTHWESTERN MUTUAL INVESTMENT SVCS | Investment Advisor | — | $47,182 | $47,182 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $21,235 | — | $21,235 |
| ENVESTNET RETIREMENT SOLUTIONS LLC | Other Service Provider | $7,718 | — | $7,718 |
| SPECTRUM RETIREMENT SERVICES CORP. | Recordkeeper | — | $5,000 | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $161,987
- Estimated Expense Ratio: 0.710% 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 | $108,015 | — | $108,015 | — | — |
| 2023 | $81,225 | — | $81,225 | — | — |
| 2022 | $77,013 | — | $77,013 | — | — |