Plan Ledger DOL Form 5500 · updated monthly

Nexen Group Inc.401(k)

NEXEN GROUP INC. RETIREMENT SAVINGS PLAN · VADNAIS HEIGHTS, MN · plan year 2025

Reported admin expense ratio · 2025
0.17%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Nexen Group Inc. reported $97,761 in plan administrative expenses for 2025: 0.17% of average plan assets, above the peer median. Employer contributions averaged $5,915 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 3 years on file its reported administrative ratio fell from 0.22% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other manufacturing employers. By assets it is the 428th-largest of 1,918 plans among Minnesota employers on file, and the 2,813th of 13,661 in manufacturing. In 2025, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,370,555
Participants with balances139
Active participants104
Employer contributions$615,184
Employee contributions$1,013,221
Employer contribution per active participant$5,915
Average account balance$419,932
Benefits paid to participants$6,954,924
Plan auditUnmodified (clean) audit opinion
AuditorOLSEN THIELEN & CO., LTD
Plan history4
Yearassets · accounts · employer contribution
2025$58.4M · 139 accts · $615K emplr
2024$56.8M · 146 accts · $660K emplr
2023$51.8M · 145 accts · $664K emplr
2022$43.9M · 140 accts · $669K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$57,765
Investment management$39,996
Total administrative$97,761
The Nexen Group Inc. 401(k) match · 2025
Employer contribution per active participant$5,915
Median for plans this size$4,093
2025$5,915 per active participant
2024$6,114 per active participant
2023$5,984 per active participant
2022$6,191 per active participant

Nexen Group Inc.'s 2025 employer contribution ran above the $4,093 median for plans its size. 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.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$44,765
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$39,996
OLSEN THIELEN & CO., LTD. · Accounting / audit$13,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$97,761 · 0.17%
2024$76,994 · 0.14%
2023$75,241 · 0.16%
2022$110,455 · 0.22%
Same employer
Similar plansManufacturing · Minnesota
Surmodics, Inc. MN$63.0M · 0.17%
Minco Products, Inc. MN$62.3M · 0.17%
Pan-O-Gold Baking Company MN$59.6M · 0.10%
Quadion LLC MN$58.1M · 0.37%
Dura Supreme LLC MN$58.0M · 0.40%
Griffiths Corporation MN$56.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411669760 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.