Defined Benefit (Pension) · DOL Form 5500 · 2022
Nexstar Broadcasting, Inc. Pension Plan
Data updated 2026-08-11
- $290M
- Total assets
- 493
- Participants
- 97th
- Percentile by assets
- $587,251
- Avg per participant
Official DOL plan name: Mg Advantage Retirement Plan · Sponsored by Nexstar Broadcasting, Inc. · Texas · Information & Media
$290M in assets, 493 participants
Nexstar Broadcasting, Inc.'s Mg Advantage Retirement Plan reported $290M in total assets and 493 participants in its 2022 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 97th percentile by assets (of 139,126 plans)
- #2,748 in Information & Media (2,911 peers)
Where Mg Advantage Retirement Plan sits by assets
Mg Advantage Retirement Plan sits in the top 5% of all filed plans by assets, $290M for 493 participants (~$587,251/participant), down 28.1% in 2022.
- $290M
- total plan assets (2022 EOY)
- 493
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $587,251
- avg assets per participant
The plan reported a net loss of $113M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Mg Advantage Retirement Plan vs the 2022 asset distribution
By assets, Mg Advantage Retirement Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 2.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $403M |
|---|---|
| Net Assets (End of Year) | $289M |
| Net Income | -$113M |
| Employer EIN | 233063152 |
| Plan Effective Date | 1973-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Nexstar Broadcasting, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 493 | $290M |
| 2023 | 1 | 448 | $289M |
| 2024 | 1 | 421 | $268M |
Nearby Defined Benefit (Pension) Plans in Texas
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Mg Advantage Retirement Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
- AT&T Pension Benefit Plan $41.0B · 119,463
- Shell Pension Plan $14.6B · 12,912
- Exxonmobil Pension Plan $11.6B · 23,661
- Caterpillar Inc. Retirement Income Plan $9.5B · 12,815
- Bp Retirement Accumulation Plan $5.4B · 9,156
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Mg Advantage Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did Mg Advantage Retirement Plan assets move in 2022? ▼
How have Nexstar Broadcasting, Inc. plan assets changed over time? ▼
Where does Mg Advantage Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Mg Advantage Retirement Plan? ▼
Next read for Mg Advantage Retirement Plan
Scale reading
Ways to act on Mg Advantage Retirement Plan's numbers.
- By total assets, Mg Advantage Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Texas. Compare plans
- Nexstar Broadcasting, Inc.'s sponsor-wide assets have declined 7.3% since 2022 across 3 plan years on file. More Information & Media plans