Plan Snapshot
- Plan Sponsor: Nextgen Federal System, LLC
- Sponsor EIN: 273938367
- Sponsor Address: 1399 STEWARTSTOWN ROAD, MORGANTOWN, WV, 26505
- Plan Type: 401(k)
- Total Participants: 261
- Total Assets: $18.0M
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 | 261 | $18.0M | $1.2M | $2.2M |
| 2023 | 252 | $11.9M | $910,943 | $1.8M |
| 2022 | 188 | $7.8M | $503,456 | $1.5M |
| 2020 | 160 | $5.9M | $0 | $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 |
|---|---|---|---|---|
| COHNREZNICK, LLP | Auditor | — | — | $0 |
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 | $13,237 | — | $13,237 | — | — |
| 2023 | $22,493 | — | $22,493 | — | — |
| 2022 | $18,647 | — | $18,647 | — | — |
| 2020 | $8,145 | — | $8,145 | — | — |