Plan Snapshot
- Plan Sponsor: Nexus Engineering Group, INC.
- Sponsor EIN: 760795388
- Sponsor Address: 1422 EUCLID AVE., SUITE 1400, CLEVELAND, OH, 44115
- Plan Type: 401(k)
- Total Participants: 246
- Total Assets: $31.2M
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 | 246 | $31.2M | $984,569 | $2.5M |
| 2023 | 214 | $27.5M | $1.3M | $2.3M |
| 2022 | 200 | $21.4M | $1.0M | $2.0M |
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 |
|---|---|---|---|---|
| BARNES WENDLING CPAS, INC. | 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 | $65,871 | $36,442 | — | — | — |
| 2023 | $51,447 | $29,651 | — | — | — |
| 2022 | $35,717 | — | — | — | — |