Plan Snapshot
- Plan Sponsor: Nexus Management, LLC
- Sponsor EIN: 208110953
- Sponsor Address: 1333 BRUNSWICK PIKE SUITE 200, LAWRENCEVILLE, NJ, 08648
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $16.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 174 | $16.8M | $252,946 | $868,856 |
| 2023 | 175 | $15.2M | $250,313 | $765,357 |
| 2022 | 154 | $12.6M | $254,029 | $712,847 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $71,521 | — | $71,521 |
| APW CAPITAL INC | BROKER/ADVISER | — | $36,418 | $36,418 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $5,856 | — | $5,856 |
| MERCADIEN P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,795
- Estimated Expense Ratio: 0.676% 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 | $77,377 | $5,856 | — | — | — |
| 2023 | $67,433 | $7,153 | — | — | — |
| 2022 | $71,037 | — | $71,037 | — | — |