# Nexus Family Healing 401(k) Plan
Source: https://planprovider.pro/companies/nexus-family-healing-411419064-502

> Nexus Family Healing's 401(k) plan: 1,084 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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