401(k) · DOL Form 5500 · 2023

Ares Holdings, LLC 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
1,042
Participants Near avg headcount
75th
Percentile by assets National rank
$21,698
Avg per participant Low balance/head
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Official DOL plan name: Nextech 401(k) Plan · Sponsored by Ares Holdings, LLC · Florida · Management of Enterprises

$23M in assets, 1,042 participants

Ares Holdings, LLC's Nextech 401(k) Plan reported $23M in total assets and 1,042 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #618 in Management of Enterprises (1,137 peers)

Management of Enterprises sector rank

Within Management of Enterprises, Nextech 401(k) Plan ranks #618 of 1,137 2023 filers by assets (1573% of the sector average)-$23M for 1,042 participants.

#618
in Management of Enterprises (1,137 peers)
+95.6%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Nextech 401(k) Plan's outsized position by total assets

Nextech 401(k) Plan vs every filed plan by assets

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

$22,609,051 Top 25% higher than 75% 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

Nextech 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nextech 401(k) Plan lands in the large band (1,042 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nextech 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Nextech 401(k) Plan end-of-year assets rose from $12M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • Nextech 401(k) Plan reported participants rose from 737 in the plan year 2022 filing to 1,042 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 651162436 · Ares Holdings, LLC PY 2023 · 401(k)

Nextech 401(k) Plan · $23M · 1,042 · 75th

  • EIN $23M
  • EIN 1,042
  • EIN 75th
  • EIN 401(k)
  • EIN near Inventrust Properties Corp. Savings Plan
  • EIN ind #618

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 Management of Enterprises retirement plans → · Plans in Florida →

Nextech 401(k) Plan in the asset neighbourhood

Nextech 401(k) Plan$23MInventrust Properties Corp. Savings PlanInventrust Properties Corp. …$23MMps Group 401(k) Savings Plan$23MThe Hyde Group Employee Profit Sharing and 401(k) PlanThe Hyde Group Employee Prof…$23MCoasthills Credit Union 401(k) and Profit Sharing PlanCoasthills Credit Union 401(…$23M
End-of-year total assets ($M) among Nextech 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Management of Enterprises filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$23M
Net Income$11M
Employer EIN651162436
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ares Holdings, LLC)

Sponsor-wide plan assets over time

All Ares Holdings, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$56M 388.4965285147917% vs 2022
2024 filing year
$0M$20M$40M$60M$80M 202220232024 $11.6M $56.5M ▲ +388.3%
Year Plans Participants Total Assets
2022 1 737 $12M
2023 1 1,042 $23M
2024 1 1,470 $56M

Nearby 401(k) Plans in Florida

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

Nextech 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Nextech 401(k) Plan, Total assets ($B): 0.022609051 · Participants: 1042Nextech 401(k) PlanL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Nextech 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Nextech 401(k) Plan side-by-side with 3 peers →

Nextech 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Inventrust Properties Corp. Savings Plan in IL ($23M); by covered participants it is Fincantieri Marine Group Bargaining Retirement Savings Plan in WI (1,042 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,042 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 Nextech 401(k) Plan assets move in 2023? ▼
Nextech 401(k) Plan surged - up 95.6% during 2023, from $12M to $23M. Reported net income was $11M.
How have Ares Holdings, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ares Holdings, LLC's sponsor-wide assets grew 388.5%, from $12M to $56M.
Where does Nextech 401(k) Plan rank by assets among Form 5500 filers? ▼
Nextech 401(k) Plan ranks in the 75th 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 Nextech 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Inventrust Properties Corp. Savings Plan in IL ($23M, 106 participants).
Which 401(k) plans cover a similar participant headcount to Nextech 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Fincantieri Marine Group Bargaining Retirement Savings Plan in WI (1,042 participants, $25M 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 651162436.

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.