Plan Snapshot
- Plan Sponsor: Nexum, INC.
- Sponsor EIN: 753026056
- Sponsor Address: 2901 CARLSON DRIVE, HAMMOND, IN, 46323
- Plan Type: 401(k)
- Total Participants: 89
- Total Assets: $11.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 89 | $11.4M | $139,816 | $871,592 |
| 2023 | 90 | $9.4M | $2,785 | $827,356 |
| 2022 | 92 | $8.1M | $101,865 | $754,682 |
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 |
|---|---|---|---|---|
| FGMK, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FGMK, LLC — Auditor
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 | $40,799 | $29,833 | — | — | — |
| 2023 | $41,541 | $31,478 | $10,063 | — | — |
| 2022 | $41,551 | — | $41,551 | — | — |