Plan Snapshot
- Plan Sponsor: Nexus Cooperative
- Sponsor EIN: 420243960
- Sponsor Address: 1001 BLUNT PARKWAY, CHARLES CITY, IA, 50616
- Plan Type: 401(k)
- Total Participants: 246
- Total Assets: $31.4M
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 | 246 | $31.4M | $187,217 | $1.0M |
| 2023 | 133 | $14.6M | $58,209 | $466,327 |
| 2022 | 128 | $13.8M | $78,036 | $498,662 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | 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 | $45,541 | $10,570 | $22,011 | — | — |
| 2023 | $25,764 | $8,536 | $7,840 | — | — |
| 2022 | $26,039 | $7,917 | $18,122 | — | — |