Nexen Group, Inc. 401(k) Plan: Login, Facts & Contact Information

Nexen Group, Inc. 401(k) Plan Facts

Plan name
NEXEN GROUP INC. RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NEXEN GROUP INC.
Participants
149 (108 active employees)
Former employees with a balance
35
Plan assets
$56,842,022 at Dec 31, 2024
Average account balance
$389,329 across 146 accounts
Employer contributions
$660,260 in plan year 2024 (39% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 25, 1999
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jun 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.70 million went into the plan in contributions, $660,260 of it from the employer (39%).
  • $3.91 million was paid out to participants.
  • Investment and other income added $7.38 million.
  • Administrative expenses were $76,994, about $527 per account.

How the Nexen Group, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019146$46.4 million$604,275$2.25 million
2020145$54.4 million$614,037$2.29 million
2021143$55.3 million$634,370$8.76 million
2022151$43.9 million$668,608$2.15 million
2023146$51.8 million$664,254$2.09 million
2024149$56.8 million$660,260$3.91 million

Nexen Group, Inc. 401(k) Contact Information

Phone
715-866-6303
Mailing address
560 OAK GROVE PARKWAY, VADNAIS HEIGHTS MN 55127
Plan sponsor
NEXEN GROUP INC.
Employer identification number (EIN)
41-1669760
Plan number
001

Questions about the Nexen Group, Inc. 401(k)

Does Nexen Group, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $660,260, 39% of all contributions.

Does the Nexen Group, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Nexen Group, Inc 401(k) plan?

149 participants at the start of plan year 2024, 108 of them active employees, and 35 former employees who still had money in the plan.

What is the average 401(k) balance at Nexen Group, Inc?

About $389,329 per account: $56.8 million in plan assets across 146 accounts with a balance at the end of plan year 2024.

Who manages the Nexen Group, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Nexen Group, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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