Plan Ledger DOL Form 5500 · updated monthly

Nextiva, Inc.401(k)

NEXTIVA 401(K) PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Nextiva, Inc. reported $103,147 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,200 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 2 years on file its reported administrative ratio fell from 0.35% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 224th-largest of 1,285 plans among Arizona employers on file, and the 605th of 2,199 in information & media. In 2024, employees put in $3.76 for every $1.00 the employer contributed; active participation has shrunk from 887 to 789 since 2022.

Plan summary
Net assets, end of year$41,959,183
Participants with balances845
Active participants789
Employer contributions$1,735,738
Employee contributions$6,519,472
Employer contribution per active participant$2,200
Average account balance$49,656
Benefits paid to participants$6,053,017
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.0M · 845 accts · $1.7M emplr
2023$33.9M · 848 accts · $1.8M emplr
2022$24.7M · 740 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,148
Investment management$9,511
Audit (IQPA)$15,488
Total administrative$103,147
The Nextiva, Inc. 401(k) match · 2024
Employer contribution per active participant$2,200
Median for plans this size$2,416
2024$2,200 per active participant
2023$2,375 per active participant
2022$2,787 per active participant

Nextiva, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$78,149
FORVIS /BKD · Accounting / audit$15,488
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,511

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

Administrative cost history3
2024$103,147 · 0.27%
2023$82,697 · 0.28%
2022$74,445 · 0.35%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 208820926 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.