NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 100 W. BIG BEAVER ROAD, STE 200,TROY,MI
- Contact person: ELTON NIKAJ
- Phone: (248) 227-6335
Plan General Information
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST is $2,533,348.00.This plan was established in 2002.
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST is 134
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2020, the average participant retirement account value for NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST is $18,905.00
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST is $6,518.00.
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST is approximately $1,018.00
Investing in this additonal $1,018.00 for 20 years would give you extra $65,188.00, assuming a 10% annual return.
Investing in this additonal $1,018.00 for 20 years would give you extra $65,188.00, assuming a 10% annual return.
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2020, NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST allocates $136,488.00 to match its employees' contributions, providing an employer match rate of 31.25% of their contributions
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST is -13.09%.
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST is 13.89%. This measures the effectiveness of the plan participants' investments in the year.
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2020, the investment and administrative expense ratio of NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST is 0.78%.
Enrollment Features
NEXUS BUSINESS SOLUTIONS LLC 401(K) PROFIT SHARING PLAN & TRUST has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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