Mfg Solutions Inc dba Nextern Inc Retirement Plan401(k)
NEXTERN RETIREMENT PLAN · MAPLE GROVE, MN · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Mfg Solutions Inc dba Nextern Inc Retirement Plan reported $20,796 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $3,073 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 1 year on file its reported administrative ratio rose from 0.14% to 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,303rd of 1,918), and 8,792nd of 13,661 in manufacturing. In 2023, employees put in $2.54 for every $1.00 the employer contributed; active participation has grown from 170 to 205 since 2022.
Mfg Solutions Inc dba Nextern Inc Retirement Plan's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Mfg Solutions Inc dba Nextern Inc Retirement Plan before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 411998959 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.