Defined Benefit (Pension) · DOL Form 5500 · 2023

Nexstar Broadcasting, Inc. Pension Plan

Data updated 2026-08-25

$289M
Total assets Near avg plan size
448
Participants Below avg headcount
96th
Percentile by assets National rank
$644,094
Avg per participant High balance/head
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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.

  • #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.

#2,640
in Information & Media (2,818 peers)
-0.3%
assets change YoY
2.9×
vs typical plan assets (national mean)

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.

Mg Advantage Retirement Plan's outsized position 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

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

Mg Advantage Retirement 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. Mg Advantage Retirement Plan sits mid-pack in the medium band (448 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 233063152 · Nexstar Broadcasting, Inc. PY 2023 · Defined Benefit (Pension)

Mg Advantage Retirement Plan · $289M · 448 · 96th

  • PHOTO $289M
  • PHOTO 448
  • PHOTO 96th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Local Union 212 IBEW Pension Trust Fund
  • PHOTO ind #2640

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 Information & Media retirement plans → · Plans in Texas →

Mg Advantage Retirement Plan in the asset neighbourhood

Seneca Foods Corporation Employees' Pension Benefit PlanSeneca Foods Corporation Emp…$289MMg Advantage Retirement Plan$289MLocal Union 212 IBEW Pension Trust FundLocal Union 212 IBEW Pension…$288MSolar Turbines Incorporated Non-Contributory Retirement PlanSolar Turbines Incorporated …$288MPension Plan for Employees of Hns Management Co Inc Represented by AtuPension Plan for Employees o…$288M
End-of-year total assets ($M) among Mg Advantage Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$290M
Net Assets (End of Year)$288M
Net Income-$1M
Employer EIN233063152
Plan Effective Date1973-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nexstar Broadcasting, Inc.)

Sponsor-wide plan assets over time

All Nexstar Broadcasting, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$268M 7.2719694843882925% vs 2022
2024 filing year
$260M$270M$280M$290M$300M 202220232024 $290M $268M ▼ -7.3%
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 Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Mg Advantage Retirement Plan, Total assets ($B): 0.288554257 · Participants: 448Mg Advantage Retirement PlanAT&T Pension Benefit Plan, Total assets ($B): 30.018512 · Participants: 107859AT&T Pension Benefit PlanShell Pension Plan, Total assets ($B): 15.133347097 · Participants: 12215Shell Pension PlanExxonmobil Pension Plan, Total assets ($B): 12.015 · Participants: 22551Exxonmobil Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.803014695 · Participants: 12138Caterpillar Inc. Retirement Income PlanBp Retirement Accumulation Plan, Total assets ($B): 5.493677099 · Participants: 9360Bp Retirement Accumulation Plan
Mg Advantage Retirement Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare Mg Advantage Retirement Plan side-by-side with 3 peers →

Mg Advantage Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Texas, the nearest Defined Benefit (Pension) by assets is Local Union 212 IBEW Pension Trust Fund in OH ($288M); by covered participants it is Retirement Plan for Employees of Cass Information Systems, Inc. in MO (448 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (448 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 Mg Advantage Retirement Plan assets move in 2023? ▼
Mg Advantage Retirement Plan held essentially flat - down 0.3% during 2023, from $290M to $289M. Reported net income was -$1M.
How have Nexstar Broadcasting, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nexstar Broadcasting, Inc.'s sponsor-wide assets declined 7.3%, from $290M to $268M.
Where does Mg Advantage Retirement Plan rank by assets among Form 5500 filers? ▼
Mg Advantage Retirement Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Mg Advantage Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Local Union 212 IBEW Pension Trust Fund in OH ($288M, 1,241 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Mg Advantage Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for Employees of Cass Information Systems, Inc. in MO (448 participants, $87M 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 233063152.

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.