Nexus Family Healing 401(k) Review & Grade
Nexus Retirement Plan
Plymouth, MNOther Services1,228 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,599Employer $ per active participant
$3,142Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$53.9MNet plan assets, end of year
$24,516Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 22th |
| Employee saving | 60th |
| Peers that auto-enroll | 40% |
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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
- Nexus Family Healing put in about $1,599 per active participant, more than the typical peer ($1,257). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Direct plan expenses (0.52% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,962,415 |
| Participant (employee) contributions | $3,857,120 |
| Other contributions (incl. rollovers in) | $227,706 |
| Administrative expenses paid from the plan | $264,702 |
| Investment advisory & management fees | $27,000 |
| Benefits paid out | $6,853,088 |
| Net assets, start / end of year | $48.2M / $53.9M |
| Active participants, start / end of year | 1,173 / 1,282 |
| Participants with account balances | 2,199 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Milliman, Inc. | $237,702 reported compensation |
| Advanced Capital Group | $27,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016110113NAL0008394992001, received 2025-10-16, EIN 41-1419064, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.