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NEXGEN TOOLING LLC 401k Plan overview

Plan NameNEXGEN TOOLING LLC
Plan identification number 001

NEXGEN TOOLING LLC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NEXGEN TOOLING LLC has sponsored the creation of one or more 401k plans.

Company Name:NEXGEN TOOLING LLC
Employer identification number (EIN):810749323
NAIC Classification:811110
NAIC Description: Automotive Mechanical and Electrical Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXGEN TOOLING LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01

Financial Data on NEXGEN TOOLING LLC

Measure Date Value
2025 : NEXGEN TOOLING LLC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-1523792
Net assets as of the end of the plan year2025-04-15627728
Total assets as of the beginning of the plan year2025-04-15387421
Value of plan covered by a fidelity bond2025-04-1563000
Participant contributions to plan in this plan year2025-04-1590282
Other income to plan in this plan year2025-04-1569265
Plan net income in this plan year2025-04-15240307
Net assets as of the end of the plan year2025-04-15627728
Net assets as of the beginning of the plan year2025-04-15387421
Employer contributions to plan in this plan year2025-04-15104552
Fees paid to broker by Benefit Provider2025-04-15420
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-152821
2024 : NEXGEN TOOLING LLC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-059184
Net assets as of the end of the plan year2024-06-05387421
Total assets as of the beginning of the plan year2024-06-05185148
Value of plan covered by a fidelity bond2024-06-0525000
Participant contributions to plan in this plan year2024-06-0587030
Value of participant loans at end of plan year2024-06-055159
Other expenses paid from plan in this plan year2024-06-050
Other contributions to plan in this plan year2024-06-050
Other income to plan in this plan year2024-06-0556485
Plan net income in this plan year2024-06-05202273
Net assets as of the end of the plan year2024-06-05387421
Net assets as of the beginning of the plan year2024-06-05185148
Employer contributions to plan in this plan year2024-06-0567942
Fees paid to broker by Benefit Provider2024-06-05307
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-051722

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