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Original filing (PDF)20251008121942NAL0009745936001
NEXGEN DATA SYSTEMS, INC.
Form 5500
FILING_RECEIVED
NEXGEN DATA SYSTEMS 401(K) PLAN
401(k) retirement plan
Active participants
226
Accounts w/ balance
211
Plan assets (EOY)
$22.8M
Net assets (EOY)
$22.8M
How this plan invests
This plan
32 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
91
/ 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
100
Knocking points off
- 48 bps in Schedule C fees — 66% above peer band of 29 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NEXGEN DATA SYSTEMS, INC..
Plan sponsor
Name
NEXGEN DATA SYSTEMS, INC.
EIN
20-3991036
Address
431 ST. JAMES AVENUE · SUITE L PMB 310 · GOOSE CREEK, SC · 29445
Phone
(843) 860-8322
Industry
Professional & Technical Servicessee 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
2025-10-08
Pension benefit codes
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
C)BAKER TILLY, US, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
5 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | — | GREENWOOD VILLAGE, CO | RECORDKEEPER | $81K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NORTHWESTERN MUTUAL INVESTMENT SVCS | — | MILWAUKEE, WI | BROKER/ADVISOR | $0 | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SPECTRUM RETIREMENT SERVICES CORP. | — | LEXINGTON, SC | THIRD PARTY ADMINISTRATO | $0 | — |
Other
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | — | GREENWOOD VILLAGE, CO | INVESTMENT MGMT | $21K | — |
| ENVESTNET RETIREMENT SOLUTIONS LLC | — | DENVER, CO | OTHER | $8K | — |
Investments
32 direct securities· $22.3M(98% of reported assets)
Uncategorized
$22.2M
31 holdings
Mutual Funds
$148K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Black Rock iShares S&P 500 Index K | — | — | — | $3.5M | 15.1% | |
| Fidelity Freedom Index 2045 Fund | — | — | — | $1.6M | 7.2% | |
| Goldman Sachs Large Cap Growth Insights | — | — | — | $1.6M | 6.9% | |
| Fidelity Freedom Index 2050 Fund | — | — | — | $1.2M | 5.4% | |
| Vanguard Strategic Equity Investment | — | — | — | $1.2M | 5.3% | |
| Fidelity Freedom Index 2035 Fund | — | — | — | $1.1M | 4.8% | |
| American Funds American Funds New Perspective R6 | — | — | — | $1.1M | 4.7% | |
| Fidelity Freedom Index 2040 Fund | — | — | — | $886K | 3.9% | |
| Group annuity contract * Empower Annuity Insurance Company of America Key Guaranteed Portfolio Fund | — | — | — | $812K | 3.6% | |
| Federated Hermes Total Return Bond Fund | — | — | — | $812K | 3.6% | |
| Vanguard Real Estate Index Admiral Shares | — | — | — | $744K | 3.3% | |
| American Century Investments American Century Mid Cap Value R6 | — | — | — | $719K | 3.2% | |
| Massachusetts Financial Services Company MFS International Growth R6 | — | — | — | $709K | 3.1% | |
| Fidelity Freedom Index 2030 Fund | — | — | — | $671K | 2.9% | |
| Hartford Funds Hartford Schroders International Stock Fund | — | — | — | $578K | 2.5% | |
| Dimensional Fund Advisors DFA Emerging Markets Small Cap I | — | — | — | $569K | 2.5% | |
| Fidelity Freedom Index Income Fund | — | — | — | $562K | 2.5% | |
| Black Rock iShares Russell 2000 Small-Cap Index K | — | — | — | $555K | 2.4% | |
| Notes receivable Notes receivable with variable maturities and interest * Participants rates from 4.25% to 9.50%. $0 | — | — | — | $474K | 2.1% | |
| Fidelity Freedom Index 2055 Fund | — | — | — | $461K | 2.0% | |
| RBC Global Asset Management RBC Microcap Value I | — | — | — | $401K | 1.8% | |
| Vanguard Value Index Fund Admiral Shares | — | — | — | $355K | 1.6% | |
| Fidelity Freedom Index 2025 Fund | — | — | — | $315K | 1.4% | |
| American Funds American Funds Capital World Bond R6 | — | — | — | $289K | 1.3% | |
| American Funds American Funds American Balanced Fund R6 | — | — | — | $251K | 1.1% | |
| MassMutual Premier High Yield I | — | — | — | $226K | 1.0% | |
| Invesco Oppenheimer Discv Mid Cap Gr R6 | — | — | — | $224K | 1.0% | |
| Alliance Bernstein AB Small Cap Growth Z | Mutual Funds | — | — | $148K | 0.6% | |
| Cohen & Steers Cohen & Steers Real Estate Securities Z | — | — | — | $123K | 0.5% | |
| Fidelity Freedom Index 2060 Fund | — | — | — | $98K | 0.4% | |
| Fidelity Freedom Index 2065 Fund | — | — | — | $23K | 0.1% | |
| Fidelity Freedom Index 2020 Fund | — | — | — | $2K | <0.1% |