Nexxen Inc. 401(k) Review & Grade
Nexxen Inc. 401(k) Plan
New York, NYProfessional, Scientific & Technical Services528 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,282Employer $ per active participant
$10,536Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$99.5MNet plan assets, end of year
$74,824Average balance per account
Score breakdown
- Employer generosity26.8 / 5054th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 92th |
| Employee saving | 64th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,134,014 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Nexxen put in about $3,282 per active participant, more than the typical peer ($3,082). 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.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,734,510 |
| Participant (employee) contributions | $5,568,240 |
| Other contributions (incl. rollovers in) | $1,202,542 |
| Administrative expenses paid from the plan | $23,446 |
| Contract administrator fees | $23,446 |
| Benefits paid out | $6,442,555 |
| Net assets, start / end of year | $42.5M / $99.5M |
| Active participants, start / end of year | 555 / 502 |
| Participants with account balances | 1,330 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekubecka, PLLC |
Largest service providers (Schedule C)
| Kestra Advisory Services | $70,717 reported compensation |
| The Benefit Practice | $42,691 reported compensation |
| Voya Retirement & Annuity Co. | $6,978 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260501103114NAL0001607874001, received 2026-05-01, EIN 82-2513262, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.