NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST
Plan Contact
- Address: 1422 EUCLID AVE., SUITE 1400,,CLEVELAND,OH
- Contact person: LISA THEIS
- Phone: (216) 404-7867
Plan General Information
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST is $27,466,765.00.This plan was established in 2006.
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST is 244
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST is $112,568.00
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST is $10,740.00.
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST is approximately $5,273.00
Investing in this additonal $5,273.00 for 20 years would give you extra $337,504.00, assuming a 10% annual return.
Investing in this additonal $5,273.00 for 20 years would give you extra $337,504.00, assuming a 10% annual return.
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST allocates $1,286,735.00 to match its employees' contributions, providing an employer match rate of 56.12% of their contributions
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST is 28.64%.
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST is 15.25%. This measures the effectiveness of the plan participants' investments in the year.
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST is 0.19%.
Enrollment Features
NEXUS ENGINEERING GROUP, LLC 401(K) RETIREMENT PLAN & TRUST has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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