Defined Benefit (Pension) · DOL Form 5500 · 2024

Nexstar Broadcasting, Inc. Pension Plan

Data updated 2026-08-11

$268M
Total assets
421
Participants
95th
Percentile by assets
$637,675
Avg per participant
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Official DOL plan name: Mg Advantage Retirement Plan · Sponsored by Nexstar Broadcasting, Inc. · Texas · Information & Media

$268M in assets, 421 participants

Nexstar Broadcasting, Inc.'s Mg Advantage Retirement Plan reported $268M in total assets and 421 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • 95th percentile by assets (of 123,622 plans)
  • #2,625 in Information & Media (2,822 peers)

Where Mg Advantage Retirement Plan sits by assets

Mg Advantage Retirement Plan sits in the top 5% of all filed plans by assets, $268M for 421 participants (~$637,675/participant), down 7.0% in 2024.

$268M
total plan assets (2024 EOY)
421
covered participants
95th
percentile by assets (of 123,622 plans)
$637,675
avg assets per participant

The plan reported a net loss of $20M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Mg Advantage Retirement Plan sits by total assets

Mg Advantage Retirement Plan vs every filed plan by assets

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

$268,461,335 Top 5% higher than 95% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mg Advantage Retirement Plan reported net income fell from -$1M in the plan year 2023 filing to -$20M in the plan year 2024 filing.
  • Mg Advantage Retirement Plan end-of-year assets fell from $289M in the plan year 2023 filing to $268M in the plan year 2024 filing.
  • Mg Advantage Retirement Plan reported participants fell from 448 in the plan year 2023 filing to 421 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Texas
Industry
Information & Media

Mg Advantage Retirement Plan vs the 2024 asset distribution

By assets, Mg Advantage Retirement Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$289M
Net Assets (End of Year)$268M
Net Income-$20M
Employer EIN233063152
Plan Effective Date1973-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Nexstar Broadcasting, Inc.)

$260M$270M$280M$290M$300M 202220232024 $290M $268M ▼ -7.3%
Total plan assets by year, all Nexstar Broadcasting, Inc. plans on file
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 -100102030 Total assets ($B) Participants Mg Advantage Retirem…, Total assets ($B): 0.268461335 · Participants: 421Mg Advantage Retirem…AT&T Pension Benefit…, Total assets ($B): 28.265893 · Participants: 100400AT&T Pension Benefit…Exxonmobil Pension P…, Total assets ($B): 12.095 · Participants: 22000Exxonmobil Pension P…Chevron Retirement P…, Total assets ($B): 9.731784707 · Participants: 21297Chevron Retirement P…Shell Pension Plan, Total assets ($B): 9.694184685 · Participants: 12688Shell Pension PlanCaterpillar Inc. Ret…, Total assets ($B): 9.1940497 · Participants: 11498Caterpillar Inc. Ret…
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 →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Mg Advantage Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Mg Advantage Retirement Plan assets move in 2024? ▼
Mg Advantage Retirement Plan pulled back noticeably - down 7.0% during 2024, from $289M to $268M. Reported net income was -$20M.
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 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 The Dayton Power and Light Co. Retirement Inc Plan in IN ($268M, 706 participants).

Next read for Mg Advantage Retirement Plan

Scale reading

Ways to act on Mg Advantage Retirement Plan's numbers.

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 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.