Plan Ledger DOL Form 5500 · updated monthly

Nexus Management, LLC401(k)

NEXUS/SHERWOOD RETIREMENT PLAN · LAWRENCEVILLE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Nexus Management, LLC reported $77,377 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,454 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 0.52% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,164th-largest of 2,419 plans among New Jersey employers on file, and the 776th of 2,096 in real estate & leasing. In 2024, employees put in $3.43 for every $1.00 the employer contributed; active participation has grown from 154 to 174 since 2022.

Plan summary
Net assets, end of year$16,829,209
Participants with balances177
Active participants174
Employer contributions$252,946
Employee contributions$868,856
Employer contribution per active participant$1,454
Average account balance$95,080
Benefits paid to participants$1,068,155
Plan auditUnmodified (clean) audit opinion
AuditorMERCADIEN P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 177 accts · $253K emplr
2023$15.1M · 164 accts · $250K emplr
2022$12.6M · 148 accts · $254K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,521
Investment management$5,856
Total administrative$77,377
The Nexus Management, LLC 401(k) match · 2024
Employer contribution per active participant$1,454
Median for plans this size$2,416
2024$1,454 per active participant
2023$1,430 per active participant
2022$1,650 per active participant

Nexus Management, LLC'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
EMPOWER ADVISORY GROUP, LLC · Investment management$5,856
APW CAPITAL INCindirect comp

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$77,377 · 0.48%
2023$67,433 · 0.49%
2022$71,037 · 0.52%
Similar plansReal Estate & Leasing · New Jersey
Rpm Management, LLC NJ$31.8M · 0.29%
Ironstate Properties LLC NJ$25.7M · 0.03%
Marlin Leasing Corporation NJ$24.6M · 0.30%
The Kamson Corporation NJ$16.8M · 0.04%
Ingerman Management Company NJ$15.7M · 0.24%
Russo Development, LLC NJ$15.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208110953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.