How big is Nextsource, Inc.'s plan?

Nextsource, Inc.'s plan reported $27.3M in assets and 5,334 participants for 2024.

Original filing (PDF)20251003095109NAL0002040784001

Nextsource, Inc.

Name: Nextsource, Inc. — Nextsource, Inc. 401(k) Profit, Form 5500 (2024)
Creator: Nextsource, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Nextsource, Inc. 401(k) Profit Sharing Plan & Trust

401(k) retirement plan · Nextsource, Inc.'s Nextsource, Inc. 401(k) Profit Sharing Plan & Trust held $27.3M in plan assets for 5,334 participants in 2024, with Fidelity as recordkeeper.

Signals · 3

Late participant contributionsCorrective distributions issued~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

People on this filing

Shenoah Kelly signed Nextsource, Inc.'s 2024 Form 5500 as plan administrator.

Shenoah Kelly — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Nextsource, Inc.'s EIN is 13-4045800.

EIN 13-4045800

Plan number 001

Plan year 2024

ACK ID 20251003095109NAL0002040784001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Nextsource, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Nextsource, Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for NEXTSOURCE, INC..

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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

Below-average — multiple flags

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Delinquent participant contributions reported (Schedule H 4a) — 205K (3% of contributions).
Corrective distributions issued (likely failed ADP/ACP testing).
Total administrative cost in the bottom quartile of peers (8th percentile).
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (2nd percentile).
Bottom-decile employer contributions per participant (4th percentile).

Plan sponsor

Name

NEXTSOURCE, INC.

EIN

all filings

Address

404 BNA DRIVE · SUITE 105 · NASHVILLE, TN · 37217

Phone

(615) 450-1807

Industry

Admin Support & Waste Mgmt

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)

Service providers (Schedule C)

4 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
FIDELITY INVESTMENTS INSTITUTIONAL	04-2647786	—	RECORDKEEPER	$152K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
WELLS FARGO CLEARING SERVICES LLC	23-2384840	—	ADVISOR	$45K	—
SIKICH LLC

Investments

35 direct securities· $27.1M(99% of reported assets)

Mutual Funds

$19.5M

21 holdings

Common Collective Trusts

$5.0M

6 holdings

Other securities

$2.4M

6 holdings

Stable Value

$174K

1 holding

Common Stocks

$46K

1 holding

					% of plan
Fidelity Investments Fidelity® 500 Index Fund	Common Collective Trusts	—	—	$3.3M	12.1%
Fidelity Investments Fidelity Freedom Index 2035 Fund Institutional Premium Class	Mutual Funds	—	—	$3.0M	11.0%
Fidelity Investments Fidelity Freedom Index 2040 Fund Institutional Premium Class	Mutual Funds	—	—	$2.9M	10.4%
Fidelity Investments Fidelity Freedom Index 2045 Fund Institutional Premium Class	Mutual Funds	—	—	$2.3M	8.5%
Fidelity Investments Fidelity Freedom Index 2030 Fund Institutional Premium Class	Mutual Funds	—	—	$1.9M	6.8%
Fidelity Investments Fidelity Freedom Index 2055 Fund Institutional Premium Class	Mutual Funds	—	—	$1.7M	6.2%
Fidelity Investments Fidelity Freedom Index 2050 Fund Institutional Premium Class	Mutual Funds	—	—	$1.6M	5.9%
Fidelity Investments Fidelity Freedom Index 2025 Fund Institutional Premium Class	Mutual Funds	—	—	$1.6M	5.9%
JPMorgan Large Cap Growth Fund Class R6	Other securities	—	—	$1.5M	5.6%
Fidelity Investments Fidelity Freedom Index 2020 Fund Institutional Premium Class	Mutual Funds	—	—	$1.1M	4.1%
Fidelity Investments Fidelity Freedom Index 2060 Fund Institutional Premium Class	Mutual Funds	—	—	$816K	3.0%
Fidelity Investments Fidelity Mid Cap Index Fund	Common Collective Trusts	—	—	$595K	2.2%
Fidelity Investments Fidelity International Index Fund	Common Collective Trusts	—	—	$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	Mutual Funds	—	—	$374K	1.4%
Fidelity Investments Fidelity Freedom Index 2010 Fund Institutional Premium Class	Mutual Funds	—	—	$316K	1.2%
Fidelity Investments Fidelity Freedom Index 2015 Fund Institutional Premium Class	Mutual Funds	—	—	$314K	1.2%
Fidelity Investments Fidelity Freedom Index 2065 Fund Institutional Premium Class	Mutual Funds	—	—	$310K	1.1%
John Hancock John Hancock Funds Disciplined Value Mid Cap Fund Class R6	Other securities	—	—	$299K	1.1%
MFS International Growth Fund Class R6	Mutual Funds	—	—	$288K	1.1%
PGIM Total Return Bond Fund -Class R6	Other securities	—	—	$287K	1.1%
Fidelity Investments Fidelity Small Cap Index Fund	Common Collective Trusts	—	—	$275K	1.0%
Fidelity Investments Fidelity U.S. Bond Index Fund	Common Collective Trusts	—	—	$207K	0.8%
American Funds American Funds American Balanced Fund Class R-6	Mutual Funds	—	—	$197K	0.7%
American Century American Century Small Cap Value Fund R6 Class	Other securities	—	—	$185K	0.7%
Stable Value Collective Trust Lincoln Stable Value Account	Stable Value	—	—	$174K	0.6%
American Funds American Funds New World Fund Class R-6	Mutual Funds	—	—	$163K	0.6%
Fidelity Investments Fidelity Freedom Index Income Fund Institutional Premium Class	Mutual Funds	—	—	$143K	0.5%
Fidelity Investments Fidelity Inflation-Protected Bond Index Fund	Common Collective Trusts	—	—	$128K	0.5%
JPMorgan Mid Cap Growth Fund Class R6	Other securities	—	—	$77K	0.3%
American Funds American Funds EuroPacific Growth Fund Class R-6	Mutual Funds	—	—	$66K	0.2%
Cohen & Steers Real Estate Cohen & Steers Real Estate Securities Fund, Inc. Class Z	Common Stocks	—	—	$46K	0.2%
PIMCO Income Fund Institutional Class	Mutual Funds	—	—	$41K	0.2%
ClearBridge Investments ClearBridge Small Cap Growth Fund Class IS	Other securities	—	—	$13K	<0.1%
Invesco Equity and Income Fund Class R6	Mutual Funds	—	—	$2K	<0.1%