401(k) · DOL Form 5500 · 2023

Nextgen Federal System, LLC 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
194
Participants Below avg headcount
62nd
Percentile by assets National rank
$61,409
Avg per participant Low balance/head
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Official DOL plan name: Nextgen 401(k) Plan · Sponsored by Nextgen Federal System, LLC · West Virginia · Other Services

$12M in assets, 194 participants

Nextgen Federal System, LLC's Nextgen 401(k) Plan reported $12M in total assets and 194 participants in its 2023 DOL Form 5500 filing, ranking in the 62nd 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.

  • #6,192 in Other Services (7,857 peers)

Coverage in West Virginia

Nextgen 401(k) Plan covers 194 participants in West Virginia, about 42% of the average West Virginia filer (state average ~467 per filing). Assets: $12M.

#6,192
in Other Services (7,857 peers)
+52.6%
assets growth YoY

Nextgen 401(k) Plan's mid-pack asset rank among Other Services and all filers

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

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

$11,913,312 Top 38% higher than 62% 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

Nextgen 401(k) 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. Nextgen 401(k) Plan sits mid-pack in the medium band (194 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nextgen 401(k) Plan reported net income rose from -$622K in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Nextgen 401(k) Plan end-of-year assets rose from $8M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Nextgen 401(k) Plan reported participants rose from 160 in the plan year 2022 filing to 194 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 273938367 · Nextgen Federal System, LLC PY 2023 · 401(k)

Nextgen 401(k) Plan · $12M · 194 · 62nd

  • IND $12M
  • EOY 194
  • 5500 62nd
  • ASSETS 401(k)
  • PCT near What If Media Group, LLC Profit Sharing Plan
  • EIN ind #6192

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 Other Services retirement plans → · Plans in West Virginia →

Nextgen 401(k) Plan in the asset neighbourhood

Nextgen 401(k) Plan$12MWhat If Media Group, LLC Profit Sharing PlanWhat If Media Group, LLC Pro…$12MMobil Oil Guam Inc. Retirement Savings PlanMobil Oil Guam Inc. Retireme…$12MHexcel Corporation Voluntary Savings Plan for Kent Union EmployeesHexcel Corporation Voluntary…$12MEthos Marketing & Design Employee Stock Ownership 401(k) PlanEthos Marketing & Design Emp…$12M
End-of-year total assets ($M) among Nextgen 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

West Virginia filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$12M
Net Income$4M
Employer EIN273938367
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nextgen Federal System, LLC)

Sponsor-wide plan assets over time

All Nextgen Federal System, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$18M 130.61294297070526% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $7.81M $18M ▲ +130.6%
Year Plans Participants Total Assets
2022 1 160 $8M
2023 2 321 $18M
2024 1 255 $18M

Nearby 401(k) Plans in West Virginia

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

Nextgen 401(k) Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Nextgen 401(k) Plan, Total assets ($B): 0.011913312 · Participants: 194Nextgen 401(k) PlanOrrick, Herrington & Sutcliffe LLP Retirement Plan, Total assets ($B): 1.063431645 · Participants: 1878Orrick, Herrington & Sutcliffe LLP Retirement PlanCamc Health System Basic Retirement Plan, Total assets ($B): 0.718819432 · Participants: 0Camc Health System Basic Retirement PlanAmerican Public Education Retirement Plan, Total assets ($B): 0.259281173 · Participants: 5728American Public Education Retirement PlanWest Virginia University Health System 401(k) Plan, Total assets ($B): 0.255241932 · Participants: 2525West Virginia University Health System 401(k) PlanUnited Bankshares, Inc. Savings and Stock Investment Plan, Total assets ($B): 0.227919168 · Participants: 2740United Bankshares, Inc. Savings and Stock Investment Plan
Nextgen 401(k) Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants
Compare Nextgen 401(k) Plan side-by-side with 3 peers →

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

Outside West Virginia, the nearest 401(k) by assets is What If Media Group, LLC Profit Sharing Plan in NJ ($12M); by covered participants it is Chapter 4 Corp 401(k) Profit Sharing Plan and Trust in NY (194 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (194 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 Nextgen 401(k) Plan assets move in 2023? ▼
Nextgen 401(k) Plan surged - up 52.6% during 2023, from $8M to $12M. Reported net income was $4M.
How have Nextgen Federal System, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nextgen Federal System, LLC's sponsor-wide assets grew 130.6%, from $8M to $18M.
Which 401(k) plans are similar in size to Nextgen 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is What If Media Group, LLC Profit Sharing Plan in NJ ($12M, 187 participants).
Which 401(k) plans cover a similar participant headcount to Nextgen 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Chapter 4 Corp 401(k) Profit Sharing Plan and Trust in NY (194 participants, $3M 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 273938367.

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.