Plan Snapshot
- Plan Sponsor: Nexus Family Healing
- Sponsor EIN: 411419064
- Sponsor Address: 505 HIGHWAY 169 NORTH, SUITE 500, PLYMOUTH, MN, 55441
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 1,084
- Total Assets: $280,190
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,084 | $280,190 | $11.2M | $2.7M |
| 2023 | 1,091 | $672,777 | $7.9M | $2.3M |
| 2022 | 939 | $758,604 | $7.4M | $2.3M |
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 |
|---|---|---|---|---|
| BLUE CROSS AND BLUE SHIELD OF MN | Other Service Provider | $204,545 | $1,392,916 | $1,597,461 |
| DELTA DENTAL OF MINNESOTA | Other Service Provider | $46,452 | — | $46,452 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,643,913
- Estimated Expense Ratio: 586.714% 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 | $238,869 | — | $236,997 | — | — |
| 2023 | $247,127 | — | $223,136 | $14,000 | — |
| 2022 | $238,056 | $2,500 | $223,056 | — | $12,500 |