Plan Snapshot
- Plan Sponsor: Nxgen Mdx
- Sponsor EIN: 800936483
- Sponsor Address: 801 BROADWAY AVE., NW SUITE 203, GRAND RAPIDS, MI, 49504
- Plan Type: 401(k)
- Total Participants: 58
- Total Assets: $2.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 58 | $2.7M | $29,420 | $290,220 |
| 2023 | 63 | $3.2M | $64,397 | $479,835 |
| 2022 | 82 | $2.7M | $77,785 | $550,045 |
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 |
|---|---|---|---|---|
| ANCORA GROUP, INC. | NONE | $23,380 | — | $23,380 |
| FLEXIBLE BENEFIT SYSTEMS, INC. | NONE | $6,084 | — | $6,084 |
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,464
- Estimated Expense Ratio: 1.073% 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 | $29,464 | $23,380 | $6,084 | — | — |
| 2023 | $24,359 | $19,319 | $5,040 | — | — |
| 2022 | $22,565 | $19,170 | $3,395 | — | — |