401(k) · DOL Form 5500 · 2023

Nextek, Inc. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
140
Participants Small participant base
57th
Percentile by assets National rank
$65,026
Avg per participant Low balance/head
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Official DOL plan name: Nextek, Inc. Employee 401(k) Retirement Plan · Sponsored by Nextek, Inc. · Alabama · Manufacturing

$9M in assets, 140 participants

Nextek, Inc.'s Nextek, Inc. Employee 401(k) Retirement Plan reported $9M in total assets and 140 participants in its 2023 DOL Form 5500 filing, ranking in the 57th 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.

  • #7,904 in Manufacturing (18,722 peers)

Coverage in Alabama

Nextek, Inc. Employee 401(k) Retirement Plan covers 140 participants in Alabama, about 39% of the average Alabama filer (state average ~360 per filing). Assets: $9M.

#7,904
in Manufacturing (18,722 peers)
+9.0%
assets growth YoY

Nextek, Inc. Employee 401(k) Retirement Plan's mid-pack asset rank among Manufacturing and all filers

Nextek, Inc. Employee 401(k) Retirement Plan vs every filed plan by assets

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

$9,103,581 Top 43% higher than 57% 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

Nextek, Inc. Employee 401(k) 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. Nextek, Inc. Employee 401(k) Retirement Plan sits mid-pack in the medium band (140 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nextek, Inc. Employee 401(k) Retirement Plan reported net income rose from -$1M in the plan year 2022 filing to $751K in the plan year 2023 filing.
  • Nextek, Inc. Employee 401(k) Retirement Plan end-of-year assets rose from $8M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Nextek, Inc. Employee 401(k) Retirement Plan reported participants rose from 137 in the plan year 2022 filing to 140 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 631134620 · Nextek, Inc. PY 2023 · 401(k)

Nextek, Inc. Employee 401(k) Retirement Plan · $9M · 140 · 57th

  • VS-ST $9M
  • VS-ST 140
  • VS-ST 57th
  • VS-ST 401(k)
  • VS-ST near Palmetto Corp of Conway 401(k) Plan
  • VS-ST ind #7904

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 Alabama →

Nextek, Inc. Employee 401(k) Retirement Plan in the asset neighbourhood

Nextek, Inc. Employee 401(k) Retirement PlanNextek, Inc. Employee 401(k)…$9MPalmetto Corp of Conway 401(k) PlanPalmetto Corp of Conway 401(…$9MMunaco Sealing Solutions, Incorporated 401(k) Profit-Sharing PlanMunaco Sealing Solutions, In…$9MHowell, Gibson & Hughes P.a. Profit Sharing 401(k) PlanHowell, Gibson & Hughes P.a.…$9MQ-Free 401(k) Plan$9M
End-of-year total assets ($M) among Nextek, Inc. Employee 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Alabama filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$751K
Employer EIN631134620
Plan Effective Date1998-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nextek, Inc.)

Sponsor-wide plan assets over time

All Nextek, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11M 31.951613733586992% vs 2022
2024 filing year
$8M$9M$10M$11M$12M 202220232024 $8.35M $11M ▲ +32.0%
Year Plans Participants Total Assets
2022 1 137 $8M
2023 1 140 $9M
2024 1 144 $11M

Nearby 401(k) Plans in Alabama

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

Nextek, Inc. Employee 401(k) Retirement Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Nextek, Inc. Employee 401(k) Retirement Plan, Total assets ($B): 0.009103581 · Participants: 140Nextek, Inc. Employee 401(k) Retirement PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.854553916 · Participants: 20733Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.49327201 · Participants: 24565Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.479278219 · Participants: 4618Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.361024189 · Participants: 9487Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.090263356 · Participants: 0Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Nextek, Inc. Employee 401(k) Retirement Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Nextek, Inc. Employee 401(k) Retirement Plan side-by-side with 3 peers →

Nextek, Inc. Employee 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Palmetto Corp of Conway 401(k) Plan in SC ($9M); by covered participants it is Pds 401(k) Plan for Corporate Staff Employees in TX (140 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (140 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 Nextek, Inc. Employee 401(k) Retirement Plan assets move in 2023? ▼
Nextek, Inc. Employee 401(k) Retirement Plan grew at a solid clip - up 9.0% during 2023, from $8M to $9M. Reported net income was $751K.
How have Nextek, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nextek, Inc.'s sponsor-wide assets grew 32.0%, from $8M to $11M.
Which 401(k) plans are similar in size to Nextek, Inc. Employee 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Palmetto Corp of Conway 401(k) Plan in SC ($9M, 597 participants).
Which 401(k) plans cover a similar participant headcount to Nextek, Inc. Employee 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pds 401(k) Plan for Corporate Staff Employees in TX (140 participants, N/A 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 631134620.

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.