Plan Snapshot
- Plan Sponsor: Nexstar Media Group, INC.
- Sponsor EIN: 233083125
- Sponsor Address: 545 E. JOHN CARPENTER FREEWAY, IRVING, TX, 75062
- Plan Type: 401(k)
- Total Participants: 13,254
- Total Assets: $2.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 13,254 | $2.0B | $19.3M | $68.9M |
| 2023 | 12,806 | $1.8B | $18.1M | $65.0M |
| 2022 | 12,438 | $1.0B | $16.0M | $59.7M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $218,256 | — | $218,256 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $115,435 | — | $115,435 |
| AON INVESTMENTS USA INC. | CONSULTANT | $81,708 | — | $81,708 |
| CROWE LLP | ACCOUNTANT/AUDITOR | $40,950 | — | $40,950 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $456,349
- Estimated Expense Ratio: 0.023% 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 | $415,900 | $218,256 | $7,500 | $40,950 | — |
| 2023 | $115,684 | $246,367 | $3,900 | — | — |
| 2022 | $313,786 | $214,898 | — | — | — |