# Nextgen Federal System, LLC 401(k) Plan
Source: https://planprovider.pro/companies/nextgen-federal-system-llc-401k-plan

> Nextgen Federal System, LLC's 401(k) plan: 261 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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