Plan Snapshot
- Plan Sponsor: Nexion Health, INC.
- Sponsor EIN: 522238971
- Sponsor Address: 6937 WARFIELD AVE., SYKESVILLE, MD, 21784
- Plan Type: 401(k)
- Total Participants: 3,858
- Total Assets: $21.4M
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 | 3,858 | $21.4M | $101,018 | $4.5M |
| 2023 | 3,724 | $18.5M | $138,626 | $4.3M |
| 2022 | 3,503 | $15.2M | $66,531 | $4.8M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $179,887 | — | $179,887 |
| BENEFIT AUDIT GROUP LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- BENEFIT AUDIT GROUP LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $179,887
- Estimated Expense Ratio: 0.840% 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 | $179,887 | — | — | — | — |
| 2023 | $231,451 | $3,791 | — | — | — |
| 2022 | $308,620 | — | — | — | — |