401(k) · DOL Form 5500 · 2024

Nextgen Federal System, LLC 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
255
Participants Below avg headcount
68th
Percentile by assets National rank
$70,619
Avg per participant Below avg balance/head
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Official DOL plan name: Nextgen 401(k) Plan · Sponsored by Nextgen Federal System, LLC · West Virginia · Other Services

$18M in assets, 255 participants

Nextgen Federal System, LLC's Nextgen 401(k) Plan reported $18M in total assets and 255 participants in its 2024 DOL Form 5500 filing, ranking in the 68th 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.

  • #6,351 in Other Services (7,719 peers)

Nextgen Federal System, LLC multi-year trail

Nextgen Federal System, LLC's plans moved +130.6% in assets from 2022 to 2024; this filing shows Nextgen 401(k) Plan at $18M / 255 participants.

#6,351
in Other Services (7,719 peers)
+51.2%
assets growth YoY

Nextgen 401(k) Plan's outsized position by total assets

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$18,007,806 Top 32% higher than 68% 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

Nextgen 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 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 (255 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Nextgen 401(k) Plan end-of-year assets rose from $12M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • Nextgen 401(k) Plan reported net income rose from $4M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Nextgen 401(k) Plan reported participants rose from 194 in the plan year 2023 filing to 255 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 273938367 · Nextgen Federal System, LLC PY 2024 · 401(k)

Nextgen 401(k) Plan · $18M · 255 · 68th

  • EBSA $18M
  • PART 255
  • TYPE 68th
  • NET 401(k)
  • BOOK near Pankl Holdings Inc & Affiliated Employer 401(k) Plan
  • VS-ST ind #6351

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$18MPankl Holdings Inc & Affiliated Employer 401(k) PlanPankl Holdings Inc & Affilia…$18MMobile Management, LLC 401(k) Plan & TrustMobile Management, LLC 401(k…$18MMark Miller Subaru, Inc. 401(k) PlanMark Miller Subaru, Inc. 401…$18MManna Development Group, LLC 401(k) PlanManna Development Group, LLC…$18M
End-of-year total assets ($M) among Nextgen 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Nextgen Federal System, LLC multi-year asset trail

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

Nextgen Federal System, LLC filing trail (2024)

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$18M
Net Income$6M
Employer EIN273938367
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

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): 0.018007806 · Participants: 255Nextgen 401(k) PlanOrrick, Herrington & Sutcliffe LLP Retirement Plan, Total assets ($B): 1.177090773 · Participants: 1845Orrick, Herrington & Sutcliffe LLP Retirement PlanVandalia Health System 401(k) Retirement Savings P, Total assets ($B): 0.852839622 · Participants: 0Vandalia Health System 401(k) Retirement Savings PAmerican Public Education Retirement Plan, Total assets ($B): 0.303164024 · Participants: 5717American Public Education Retirement PlanWest Virginia University Health System 401(k) Plan, Total assets ($B): 0.255427542 · Participants: 4549West Virginia University Health System 401(k) PlanUnited Bankshares, Inc. Savings and Stock Investment Plan, Total assets ($B): 0.2487143 · Participants: 2561United Bankshares, Inc. Savings and Stock Investment Plan
Nextgen 401(k) Plan vs. nearby 401(k) plans in West Virginia, assets vs. participants

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 Pankl Holdings Inc & Affiliated Employer 401(k) Plan in CA ($18M); by covered participants it is National Auto Care 401(k) Plan in OH (255 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (255 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 Nextgen 401(k) Plan assets move in 2024?
Nextgen 401(k) Plan surged - up 51.2% during 2024, from $12M to $18M. Reported net income was $6M.
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 Pankl Holdings Inc & Affiliated Employer 401(k) Plan in CA ($18M, 240 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 National Auto Care 401(k) Plan in OH (255 participants, N/A in assets).