Retirement plan

NEXIUS SOLUTIONS, INC. 401(K) PLAN

Name: NEXIUS SOLUTIONS, INC. - NEXIUS SOLUTIONS, INC. 401(K) PLAN (2022) Form 5500
Creator: NEXIUS SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEXIUS SOLUTIONS, INC. 401(K) PLAN, NEXIUS SOLUTIONS, INC.

NEXIUS SOLUTIONS, INC.EIN 27-2863174Plan #001PY 2022

300 DELAWARE AVENUE, SUITE 1100 - WILMINGTON, DE 19801302-777-4350LinkedIn501-1000 employeescomputer software

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$18.9M

-10.5% from 2021

Total participants

726

-9.0% from 2021

Average account balance

$27,050

-5.0% from 2021

Annual return

-17.66%

-36.43 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$8.49M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$35K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

245

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

10.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.89%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$38

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LOCKTON INVESTMENT ADVISORS, LLC5 years Filed as: LOCKTON FINANCIAL ADVISORS LLC Service code 27 · EIN 20-3247391	Advisory (Plan)	$28,258
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$22,029
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES Service code 27 · EIN 22-3570392	Advisory (Plan)	$6,745

Plan features & details

Pension benefit codes2G2J2S2T2F3H2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$57K

$160 / participant

Other / not subdivided$57K100.0%

% of EOY assets

0.302%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SEE ATTACHED REASONABLE CAUSE
Auditor EIN: 272863174
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,050

$82,163-67.1%

$125,381-78.4%

$64,819-58.3%

Participation rate

92.4%

77.9%+14.6pp

82.4%+10.1pp

71.5%+21.0pp

Annual return

-17.66%

3.49%-21.2pp

572.31%-590.0pp

32.84%-50.5pp

Employer contribution / active EE

$3,113

$3,616-13.9%

$4,815-35.4%

$2,507+24.2%

Participant deferral / active EE

$8,724

$7,175+21.6%

$7,448+17.1%

$4,311+102.4%

Admin fee / account holder

$82

$163-50.0%

$10,007-99.2%

$188-56.6%

Provider

Service type

Compensation

LOCKTON INVESTMENT ADVISORS, LLC5 years

Filed as: LOCKTON FINANCIAL ADVISORS LLC

Service code 27 · EIN 20-3247391

Advisory (Plan)

$28,258

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$22,029

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES

Service code 27 · EIN 22-3570392

Advisory (Plan)

$6,745

NEXIUS SOLUTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEXIUS SOLUTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion