Retirement plan

NEXONE, INC 401(K) PLAN

Name: NEXONE, INC - NEXONE, INC 401(K) PLAN (2025) Form 5500
Creator: NEXONE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEXONE, INC 401(K) PLAN, NEXONE, INC

NEXONE, INCEIN 87-0661191Plan #001PY 2025

1725 E. 1450 S. SUITE #330 - CLEARFIELD, UT 84015801-926-1060nex-one.comLinkedIn201-500 employeesinformation technology and services

Prospect flagsHigh retiree %Low returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.2M

-28.1% from 2024

Total participants

119

-11.2% from 2024

Average account balance

$89,507

-18.6% from 2024

Annual return

12.46%

-2.74 pp from 2024

Benchmarks

See 14,993 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort14,993 peers

Snapshot2025

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$10.20M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

114

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$742K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$578

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
WC ADMINISTRATORS, LLC10+ years Service code 13 · EIN 20-1663072 6995 UNION PARK CENTER #320 · MIDVALE, UT 84047	Contract Administrator	$24,239
WELLS FARGO BANK, N.A.6 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 401 S. TRYON ST. 11TH FL D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$20,813
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,549
LEAFHOUSE FINANCIAL ADVISORS, LLC10+ years Filed as: LEAFHOUSE FINANCIAL ADVISORS Service code 99 · EIN 26-4311657 6011 WEST COURTYARD DR · AUSTIN, TX 78730	Other Fees	$6,600
GREAT-WEST LIFE & ANNUITY INSURANCE6 years Filed as: ADVISED ASSETS GROUP,LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,619

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$66K

$1345 / participant

Contract admin$66K100.0%

% of EOY assets

0.646%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: RICHEY MAY & CO., LLP
Auditor EIN: 710911208
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,507

$89,753-0.3%

$107,525-16.8%

$84,808+5.5%

Participation rate

89.8%

68.1%+21.7pp

75.1%+14.7pp

68.3%+21.5pp

Annual return

12.46%

29.48%-17.0pp

181.32%-168.9pp

40.90%-28.4pp

Employer contribution / active EE

$3,161

$3,113+1.5%

$3,754-15.8%

$2,631+20.1%

Participant deferral / active EE

$11,991

$4,056+195.6%

$5,116+134.4%

$4,212+184.7%

Admin fee / account holder

$578

$7,222-92.0%

$8,919-93.5%

$7,344-92.1%

Provider

Service type

Compensation

WC ADMINISTRATORS, LLC10+ years

Service code 13 · EIN 20-1663072

6995 UNION PARK CENTER #320 · MIDVALE, UT 84047

Contract Administrator

$24,239

WELLS FARGO BANK, N.A.6 years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27

401 S. TRYON ST. 11TH FL D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$20,813

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,549

LEAFHOUSE FINANCIAL ADVISORS, LLC10+ years

Filed as: LEAFHOUSE FINANCIAL ADVISORS

Service code 99 · EIN 26-4311657

6011 WEST COURTYARD DR · AUSTIN, TX 78730

Other Fees

$6,600

GREAT-WEST LIFE & ANNUITY INSURANCE6 years

Filed as: ADVISED ASSETS GROUP,LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,619

NEXONE, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEXONE, 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