Plan Ledger DOL Form 5500 · updated monthly

Nexus Health Systems, LTD401(k)

NEXUS HEALTH SYSTEMS, LTD 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Nexus Health Systems, LTD reported $77,088 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $501 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 rose from 0.30% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,538th-largest of 5,688 plans among Texas employers on file, and the 4,686th of 11,911 in health care & social assistance. In 2024, employees put in $6.14 for every $1.00 the employer contributed; active participation has grown from 603 to 815 since 2022.

Plan summary
Net assets, end of year$14,026,712
Participants with balances951
Active participants815
Employer contributions$408,566
Employee contributions$2,508,376
Employer contribution per active participant$501
Average account balance$14,749
Benefits paid to participants$2,135,085
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 951 accts · $409K emplr
2023$11.9M · 1,059 accts
2022$9.7M · 850 accts · $324K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,666
Investment management$18,422
Total administrative$77,088
The Nexus Health Systems, LTD 401(k) match · 2024
Employer contribution per active participant$501
Median for plans this size$2,416
2024$501 per active participant
2022$538 per active participant

Nexus Health Systems, LTD's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.

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
ADP, INC. · Loan processing · Recordkeeping$58,666
WEAVER AND TIDWELL, LLP · Recordkeeping · Pension consulting$18,422
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, WEAVER AND TIDWELL, LLP
2023ADP

This plan has changed recordkeepers within these filings. If you left Nexus Health Systems, LTD 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).

Administrative cost history3
2024$77,088 · 0.60%
2023$22,292 · 0.21%
2022$30,776 · 0.30%
Similar plansHealth Care & Social Assistance · Texas
Westlake Dermatology, PA TX$14.6M · 0.36%
Cls Health PLLC TX$14.3M · 0.07%
Covenant Group Holdings, LP TX$14.3M · 0.85%
Regence Health Network TX$13.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760558988 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.