Plan Ledger DOL Form 5500 · updated monthly

Nexus Therapy Management, LLC401(k)

NEXUS THERAPY MANAGEMENT, LLC EMPLOYEES SAVINGS TRUST · RIDGELAND, MS · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Nexus Therapy Management, LLC reported $19,642 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,853 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 0.67% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Mississippi (269th of 367), and 8,648th of 11,911 in health care & social assistance. In 2024, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,854,892
Participants with balances125
Active participants131
Employer contributions$242,713
Employee contributions$515,413
Employer contribution per active participant$1,853
Average account balance$30,839
Benefits paid to participants$371,833
Plan auditUnmodified (clean) audit opinion
AuditorPILTZ, WILLIAMS, LAROSA & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 125 accts · $243K emplr
2023$3.0M · 124 accts · $239K emplr
2022$1.9M · 118 accts · $236K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,200
Investment management$17,442
Total administrative$19,642
The Nexus Therapy Management, LLC 401(k) match · 2024
Employer contribution per active participant$1,853
Median for plans this size$1,313
2024$1,853 per active participant
2023$1,909 per active participant
2022$1,870 per active participant

Nexus Therapy Management, LLC's 2024 employer contribution ran above the $1,313 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 · 20241
MASCAGNI WEALTH MANAGEMENT · Investment advisory (plan)$17,442

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$19,642 · 0.57%
2023$15,730 · 0.64%
2022$12,355 · 0.67%
Similar plansHealth Care & Social Assistance · Mississippi
Delta Health Center, Inc. MS$4.3M · 0.25%
St. Luke Foundation MS$4.3M · 0.28%
Magee General Hospital MS$3.7M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463169565 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.