Defined Benefit (Pension) · DOL Form 5500 · 2023
Nexstar Broadcasting, Inc. Pension Plan
Data updated 2026-08-11
- $289M
- Total assets
- 448
- Participants
- 96th
- Percentile by assets
- $644,094
- Avg per participant
Official DOL plan name: Mg Advantage Retirement Plan · Sponsored by Nexstar Broadcasting, Inc. · Texas · Information & Media
$289M in assets, 448 participants
Nexstar Broadcasting, Inc.'s Mg Advantage Retirement Plan reported $289M in total assets and 448 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 127,072 plans)
- #2,640 in Information & Media (2,818 peers)
Where Mg Advantage Retirement Plan sits by assets
Mg Advantage Retirement Plan sits in the top 5% of all filed plans by assets, $289M for 448 participants (~$644,094/participant), down 0.3% in 2023.
- $289M
- total plan assets (2023 EOY)
- 448
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $644,094
- avg assets per participant
The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Where Mg Advantage Retirement Plan sits by total assets
Mg Advantage Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$288,554,257 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Mg Advantage Retirement Plan reported net income rose from -$113M in the plan year 2022 filing to -$1M in the plan year 2023 filing.
- Mg Advantage Retirement Plan reported participants fell from 493 in the plan year 2022 filing to 448 in the plan year 2023 filing.
- Mg Advantage Retirement Plan end-of-year assets fell from $290M in the plan year 2022 filing to $289M in the plan year 2023 filing.
Mg Advantage Retirement Plan vs the 2023 asset distribution
By assets, Mg Advantage Retirement Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $290M |
|---|---|
| Net Assets (End of Year) | $288M |
| Net Income | -$1M |
| 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 $30.0B · 107,859
- Shell Pension Plan $15.1B · 12,215
- Exxonmobil Pension Plan $12.0B · 22,551
- Caterpillar Inc. Retirement Income Plan $9.8B · 12,138
- Bp Retirement Accumulation Plan $5.5B · 9,360
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.
- Local Union 212 IBEW Pension Trust Fund (OH) $288M · 1,241
- Solar Turbines Incorporated Non-Contributory Retirement Plan (CA) $288M · 850
- Seneca Foods Corporation Employees' Pension Benefit Plan (NY) $289M · 1,975
- Pension Plan for Employees of Hns Management Co Inc Represented by Atu (CT) $288M · 1,001
Frequently Asked Questions
How did Mg Advantage Retirement Plan assets move in 2023? ▼
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