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Original filing (PDF)20251003095109NAL0002040784001
NEXTSOURCE, INC.
Form 5500
FILING_RECEIVED
NEXTSOURCE, INC. 401(K) PROFIT SHARING PLAN & TRUST
401(k) retirement plan
Signals · 1
~81 bps in Sched C fees
Active participants
5,334
Accounts w/ balance
1,276
Plan assets (EOY)
$27.3M
Net assets (EOY)
$27.3M
How this plan invests
This plan
35 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
65
Knocking points off
- 81 bps in Schedule C fees — 178% above peer band of 29 bps.
- Only 24% as many balances as active participants — suggests many active employees aren't deferring.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NEXTSOURCE, INC..
Plan sponsor
Name
NEXTSOURCE, INC.
EIN
13-4045800
Address
404 BNA DRIVE · SUITE 105 · NASHVILLE, TN · 37217
Phone
(615) 450-1807
Industry
Admin Support & Waste Mgmtsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-03
Pension benefit codes
3H · Sponsor in controlled / affiliated group
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
SIKICH CPA LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | 04-2647786 | — | RECORDKEEPER | $152K | — |
Advisor / Consultant
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES LLC | 23-2384840 | — | ADVISOR | $45K | — |
| SIKICH LLC | 99-2733489 | — | CONSULTANT | $15K | — |
| STRATEGIC ADVISORS, INC. | 04-2654524 | — | ADVISOR | $8K | — |
Investments
35 direct securities· $27.1M(99% of reported assets)
Uncategorized
$26.7M
34 holdings
Mutual Funds
$397K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Fidelity Investments Fidelity® 500 Index Fund | — | — | — | $3.3M | 12.1% | |
| Fidelity Investments Fidelity Freedom Index 2035 Fund Institutional Premium Class | — | — | — | $3.0M | 11.0% | |
| Fidelity Investments Fidelity Freedom Index 2040 Fund Institutional Premium Class | — | — | — | $2.9M | 10.4% | |
| Fidelity Investments Fidelity Freedom Index 2045 Fund Institutional Premium Class | — | — | — | $2.3M | 8.5% | |
| Fidelity Investments Fidelity Freedom Index 2030 Fund Institutional Premium Class | — | — | — | $1.9M | 6.8% | |
| Fidelity Investments Fidelity Freedom Index 2055 Fund Institutional Premium Class | — | — | — | $1.7M | 6.2% | |
| Fidelity Investments Fidelity Freedom Index 2050 Fund Institutional Premium Class | — | — | — | $1.6M | 5.9% | |
| Fidelity Investments Fidelity Freedom Index 2025 Fund Institutional Premium Class | — | — | — | $1.6M | 5.9% | |
| JPMorgan Large Cap Growth Fund Class R6 | — | — | — | $1.5M | 5.6% | |
| Fidelity Investments Fidelity Freedom Index 2020 Fund Institutional Premium Class | — | — | — | $1.1M | 4.1% | |
| Fidelity Investments Fidelity Freedom Index 2060 Fund Institutional Premium Class | — | — | — | $816K | 3.0% | |
| Fidelity Investments Fidelity Mid Cap Index Fund | — | — | — | $595K | 2.2% | |
| Fidelity Investments Fidelity International Index Fund | — | — | — | $434K | 1.6% | |
| American Funds American Funds American Mutual Fund Class R-6 | Mutual Funds | — | — | $397K | 1.5% | |
| Fidelity Investments Fidelity Government Money Market Fund | — | — | — | $374K | 1.4% | |
| Fidelity Investments Fidelity Freedom Index 2010 Fund Institutional Premium Class | — | — | — | $316K | 1.2% | |
| Fidelity Investments Fidelity Freedom Index 2015 Fund Institutional Premium Class | — | — | — | $314K | 1.2% | |
| Fidelity Investments Fidelity Freedom Index 2065 Fund Institutional Premium Class | — | — | — | $310K | 1.1% | |
| John Hancock John Hancock Funds Disciplined Value Mid Cap Fund Class R6 | — | — | — | $299K | 1.1% | |
| MFS International Growth Fund Class R6 | — | — | — | $288K | 1.1% | |
| PGIM Total Return Bond Fund -Class R6 | — | — | — | $287K | 1.1% | |
| Fidelity Investments Fidelity Small Cap Index Fund | — | — | — | $275K | 1.0% | |
| Fidelity Investments Fidelity U.S. Bond Index Fund | — | — | — | $207K | 0.8% | |
| American Funds American Funds American Balanced Fund Class R-6 | — | — | — | $197K | 0.7% | |
| American Century American Century Small Cap Value Fund R6 Class | — | — | — | $185K | 0.7% | |
| Stable Value Collective Trust Lincoln Stable Value Account | — | — | — | $174K | 0.6% | |
| American Funds American Funds New World Fund Class R-6 | — | — | — | $163K | 0.6% | |
| Fidelity Investments Fidelity Freedom Index Income Fund Institutional Premium Class | — | — | — | $143K | 0.5% | |
| Fidelity Investments Fidelity Inflation-Protected Bond Index Fund | — | — | — | $128K | 0.5% | |
| JPMorgan Mid Cap Growth Fund Class R6 | — | — | — | $77K | 0.3% | |
| American Funds American Funds EuroPacific Growth Fund Class R-6 | — | — | — | $66K | 0.2% | |
| Cohen & Steers Real Estate Cohen & Steers Real Estate Securities Fund, Inc. Class Z | — | — | — | $46K | 0.2% | |
| PIMCO Income Fund Institutional Class | — | — | — | $41K | 0.2% | |
| ClearBridge Investments ClearBridge Small Cap Growth Fund Class IS | — | — | — | $13K | <0.1% | |
| Invesco Equity and Income Fund Class R6 | — | — | — | $2K | <0.1% |
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