Nexgen Team, LLC 401(k) Review & Grade
Nexgen Team, LLC 401(k) Plan
Portland, ORManufacturing509 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$919Employer $ per active participant
$4,509Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$23.8MNet plan assets, end of year
$48,642Average balance per account
Score breakdown
- Employer generosity7.4 / 5015th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 39th |
| Employee saving | 44th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Nexgen Team put in about $919 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $467,774 |
| Participant (employee) contributions | $2,295,054 |
| Other contributions (incl. rollovers in) | $62,543 |
| Administrative expenses paid from the plan | $71,788 |
| Investment advisory & management fees | $9,147 |
| Other admin expenses | $13,125 |
| Benefits paid out | $3,308,463 |
| Net assets, start / end of year | $21.8M / $23.8M |
| Active participants, start / end of year | 474 / 544 |
| Participants with account balances | 489 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $49,516 reported compensation |
| Cliftonlarsonallen LLP | $13,125 reported compensation |
| Strategic Advisors, Inc. | $9,147 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015214150NAL0003027843001, received 2025-10-15, EIN 81-3596855, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.