401(k) · DOL Form 5500 · 2023

Nexen Group Inc. 401(k) Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
108
Participants Small participant base
86th
Percentile by assets National rank
$479,192
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Nexen Group Inc. Retirement Savings Plan · Sponsored by Nexen Group Inc. · Minnesota · Manufacturing

$52M in assets, 108 participants

Nexen Group Inc.'s Nexen Group Inc. Retirement Savings Plan reported $52M in total assets and 108 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #14,901 in Manufacturing (18,722 peers)

Coverage in Minnesota

Nexen Group Inc. Retirement Savings Plan covers 108 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $52M.

#14,901
in Manufacturing (18,722 peers)
+17.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Nexen Group Inc. Retirement Savings Plan's outsized position by total assets

Nexen Group Inc. Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$51,752,762 Top 14% higher than 86% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Nexen Group Inc. Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nexen Group Inc. Retirement Savings Plan sits mid-pack in the medium band (108 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nexen Group Inc. Retirement Savings Plan reported net income rose from -$11M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Nexen Group Inc. Retirement Savings Plan end-of-year assets rose from $44M in the plan year 2022 filing to $52M in the plan year 2023 filing.
  • Nexen Group Inc. Retirement Savings Plan reported participants rose from 102 in the plan year 2022 filing to 108 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 411669760 · Nexen Group Inc. PY 2023 · 401(k)

Nexen Group Inc. Retirement Savings Plan · $52M · 108 · 86th

  • EBSA $52M
  • EBSA 108
  • EBSA 86th
  • EBSA 401(k)
  • EBSA near Tabula Rasa Healthcare Group, Inc. 401(k) Retirement Plan
  • EBSA ind #14901

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →

Nexen Group Inc. Retirement Savings Plan in the asset neighbourhood

Tabula Rasa Healthcare Group, Inc. 401(k) Retirement PlanTabula Rasa Healthcare Group…$52MFidelity Building Services Group 401(k)Fidelity Building Services G…$52MNexen Group Inc. Retirement Savings PlanNexen Group Inc. Retirement …$52MMgp Ingredients Non-Union 401(k) & Profit Sharing PlanMgp Ingredients Non-Union 40…$52MThe Burkhart Dental Supply Co. Profit Sharing and 401(k) Plan and TrustThe Burkhart Dental Supply C…$52M
End-of-year total assets ($M) among Nexen Group Inc. Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$52M
Net Income$8M
Employer EIN411669760
Plan Effective Date1999-06-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Nexen Group Inc.)

Sponsor-wide plan assets over time

All Nexen Group Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$57M 29.47531130996542% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $43.9M $56.8M ▲ +29.5%
Year Plans Participants Total Assets
2022 1 102 $44M
2023 1 108 $52M
2024 1 110 $57M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Nexen Group Inc. Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Nexen Group Inc. Retirement Savings Plan, Total assets ($B): 0.051752762 · Participants: 108Nexen Group Inc. Retirement Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Nexen Group Inc. Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Nexen Group Inc. Retirement Savings Plan side-by-side with 3 peers →

Nexen Group Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Tabula Rasa Healthcare Group, Inc. 401(k) Retirement Plan in NJ ($52M); by covered participants it is Winstar Farm 401(k) Plan in KY (108 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (108 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Nexen Group Inc. Retirement Savings Plan assets move in 2023? ▼
Nexen Group Inc. Retirement Savings Plan grew sharply - up 17.9% during 2023, from $44M to $52M. Reported net income was $8M.
How have Nexen Group Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nexen Group Inc.'s sponsor-wide assets grew 29.5%, from $44M to $57M.
Where does Nexen Group Inc. Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Nexen Group Inc. Retirement Savings Plan ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Nexen Group Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tabula Rasa Healthcare Group, Inc. 401(k) Retirement Plan in NJ ($52M, 849 participants).
Which 401(k) plans cover a similar participant headcount to Nexen Group Inc. Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Winstar Farm 401(k) Plan in KY (108 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411669760.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.