Department of Labor filing

CMS/NEXTECH

CMS/NEXTECH 401(K) PLAN · For the plan year ended Dec 31, 2024

Legal sponsor: ARES HOLDINGS LLC

Public filing 2024 · received Oct 15, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

27filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$833

Reported employer contributions per active participant.

Higher than about 13% of comparable plans

#People in the filing

2,801

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$64 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 60% of comparable plans

↗Investment performance

Not available

Plan assets changed 149.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202427out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions13th percentileTypical peer $3,577 · based on 107 comparable plans

Lower reported administrative expense60th percentileTypical peer $73 · based on 101 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, CMS/NEXTECH reported $2,333,352 in employer contributions across the plan and 2,801 active participants. That works out to $833 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy88%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 6.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 36.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context27/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $2,333,352
Participant contributions: $7,964,988
Other contributions: $344,613
Employer share of reported contributions: 22.7%
Beginning assets: $22,609,051
Ending assets: $56,453,497
Ending net assets: $56,453,497
Ending liabilities: $0
Total income: $17,615,622
Total expenses: $9,001,843
Administrative expenses: $104,496
Participant loans: $1,375,240

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$785

2023

$1,181

2024

$833

Plan-paid administrative expenses per participant

2022

$47

2023

$35

2024

$64

Active participants

2022

1,042

2023

1,470

2024

2,801

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$833	2,801	56.5M	20251015105058NAL0008823650001
2023	$1,181	1,470	22.6M	20240925090841NAL0024954080001
2022	$785	1,042	11.6M	20241008113901NAL0016544273001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.4%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 651162436-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2018
Industry: Management of companies
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2F2G2J2K2T3B2E3D3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251015105058NAL0008823650001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗