Plan Snapshot
- Plan Sponsor: Nextsource, INC.
- Sponsor EIN: 134045800
- Sponsor Address: 404 BNA DRIVE, NASHVILLE, TN, 37217
- Plan Type: 401(k)
- Total Participants: 5,334
- Total Assets: $27.3M
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 | 5,334 | $27.3M | $223,977 | $4.3M |
| 2023 | 4,317 | $21.9M | $483,759 | $3.9M |
| 2022 | 3,579 | $17.3M | $125,973 | $2.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $152,410 | — | $152,410 |
| WELLS FARGO CLEARING SERVICES LLC | Investment Advisor | $45,021 | — | $45,021 |
| SIKICH LLC | Other Service Provider | $14,500 | — | $14,500 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $8,145 | — | $8,145 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $220,076
- Estimated Expense Ratio: 0.806% 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 | $220,075 | $53,165 | — | — | — |
| 2023 | $162,412 | $43,426 | — | — | — |
| 2022 | $140,688 | $5,376 | — | — | — |