401(k) · DOL Form 5500 · 2024

Ares Holdings, LLC 401(k) Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
1,470
Participants Near avg headcount
85th
Percentile by assets National rank
$38,404
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Nextech 401(k) Plan · Sponsored by Ares Holdings, LLC · Florida · Management of Enterprises

$56M in assets, 1,470 participants

Ares Holdings, LLC's Nextech 401(k) Plan reported $56M in total assets and 1,470 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #784 in Management of Enterprises (1,133 peers)

Coverage in Florida

Nextech 401(k) Plan covers 1,470 participants in Florida, 2.3x the typical Florida plan (state average ~628 per filing). Assets: $56M.

#784
in Management of Enterprises (1,133 peers)
+149.7%
assets growth YoY
0.6×
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 2024 · DOL Form 5500

$56,453,497 Top 15% higher than 85% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nextech 401(k) Plan lands in the large band (1,470 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nextech 401(k) Plan end-of-year assets rose from $23M in the plan year 2023 filing to $56M in the plan year 2024 filing.
  • Nextech 401(k) Plan reported participants rose from 1,042 in the plan year 2023 filing to 1,470 in the plan year 2024 filing.
  • Nextech 401(k) Plan reported net income fell from $11M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 651162436 · Ares Holdings, LLC PY 2024 · 401(k)

Nextech 401(k) Plan · $56M · 1,470 · 85th

  • NET $56M
  • BOOK 1,470
  • VS-ST 85th
  • BOY 401(k)
  • SCH near Hamilton Partners, Inc. 401(k) Profit Sharing Plan
  • EBSA ind #784

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

Horizon Hobby Retirement Plan$56MP & L Global Holding Corp 401(k) PlanP & L Global Holding Corp 40…$56MPace Industries Savings and Investment PlanPace Industries Savings and …$56MNextech 401(k) Plan$56MHamilton Partners, Inc. 401(k) Profit Sharing PlanHamilton Partners, Inc. 401(…$56M
End-of-year total assets ($M) among Nextech 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Florida filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$56M
Net Income$9M
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): 0.056453497 · Participants: 1470Nextech 401(k) PlanL3harris Retirement Savings Plan, Total assets ($B): 16.316786122 · Participants: 40330L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 13.167098888 · Participants: 51081Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 9.190044852 · Participants: 310261Adp Totalsource Retirement Savings PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 8.068866271 · Participants: 197102Publix Super Markets, Inc. 401(k) Smart PlanNextera Energy, Inc. Employee Retirement Savings Plan, Total assets ($B): 5.484619612 · Participants: 16678Nextera Energy, Inc. Employee Retirement Savings 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 Hamilton Partners, Inc. 401(k) Profit Sharing Plan in IL ($56M); by covered participants it is Netscout Systems, Inc. 401(k) Plan in MA (1,470 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($56M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,470 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Nextech 401(k) Plan surged - up 149.7% during 2024, from $23M to $56M. Reported net income was $9M.
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 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Hamilton Partners, Inc. 401(k) Profit Sharing Plan in IL ($56M, 122 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 Netscout Systems, Inc. 401(k) Plan in MA (1,470 participants, $645M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.