401k Record

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NEXTracker 401(k)

Recordkeeping fees per participant · Nextracker 401(k) Plan · plan year 2024

$91.51

Higher than 68% of the 5,847 plans $50 to 250M that report it.

Source

= $47,862 / 523
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929142932NAL0015330419001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929142932NAL0015330419001, received 2025-09-29

10th: $10.22median $69.9190th: $151.08

Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-29.

Cost and contributions

Administrative expenses excluding investment management, per participant

$91.51

10th: $16.21median $93.2090th: $246.84

Higher than 49% of the 8,758 plans $50 to 250M that report it.

Source

= $47,862 / 523
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929142932NAL0015330419001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929142932NAL0015330419001, received 2025-09-29

Administrative expenses per participant

$95.34

10th: $29.39median $132.8490th: $350.58

Higher than 34% of the 9,042 plans $50 to 250M that report it.

Source

= $49,861 / 523
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929142932NAL0015330419001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929142932NAL0015330419001, received 2025-09-29

Administrative expenses as a share of assets

0.098%

10th: 0.022%median 0.136%90th: 0.326%

Higher than 37% of the 9,049 plans $50 to 250M that report it.

Source

= $49,861 / $51,073,274
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929142932NAL0015330419001, received 2025-09-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929142932NAL0015330419001, received 2025-09-29

Employer contributions per participant

$5,359

10th: $965median $2,73890th: $8,164

Higher than 79% of the 9,105 plans $50 to 250M that report it.

Source

= $2,802,885 / 523
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929142932NAL0015330419001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929142932NAL0015330419001, received 2025-09-29

Employer share of total contributions

22.8%

10th: 15.6%median 29.5%90th: 50.6%

Higher than 28% of the 9,112 plans $50 to 250M that report it.

Source

= $2,802,885 / $12,281,526
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929142932NAL0015330419001, received 2025-09-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929142932NAL0015330419001, received 2025-09-29

Plan terms, as stated in NEXTracker Inc.'s SEC filings

Plan terms are not published in public filings.

Plan features

2F ERISA 404(c) plan · 2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3B · 2S pre-approved plan document · 3D IRS pre-approved plan · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250929142932NAL0015330419001, received 2025-09-29

Full record, Nextracker 401(k) Plan

FieldValueSource
Plan sponsorNEXTRACKER, LLC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250929142932NAL0015330419001, received 2025-09-29
Plan nameNEXTRACKER 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250929142932NAL0015330419001, received 2025-09-29
Sponsor EIN / plan number46-3955221 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250929142932NAL0015330419001, received 2025-09-29
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250929142932NAL0015330419001, received 2025-09-29
Sponsor locationFREEMONT, CAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250929142932NAL0015330419001, received 2025-09-29
Industry (business code)334500, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250929142932NAL0015330419001, received 2025-09-29
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250929142932NAL0015330419001, received 2025-09-29
Filing received2025-09-29Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250929142932NAL0015330419001, received 2025-09-29
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250929142932NAL0015330419001, received 2025-09-29
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250929142932NAL0015330419001, received 2025-09-29
Participants, beginning of year406Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250929142932NAL0015330419001, received 2025-09-29
Active participants543Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250929142932NAL0015330419001, received 2025-09-29
Participants, end of year596Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250929142932NAL0015330419001, received 2025-09-29
Participants with an account balance523Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929142932NAL0015330419001, received 2025-09-29
Total assets, beginning of year$34,625,006Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250929142932NAL0015330419001, received 2025-09-29
Total assets, end of year$51,073,274Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929142932NAL0015330419001, received 2025-09-29
Net assets, end of year$51,073,274Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250929142932NAL0015330419001, received 2025-09-29
Total income$18,197,464Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250929142932NAL0015330419001, received 2025-09-29
Net income$16,448,268Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250929142932NAL0015330419001, received 2025-09-29
Employer contributions$2,802,885Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929142932NAL0015330419001, received 2025-09-29
Participant contributions$7,174,160Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250929142932NAL0015330419001, received 2025-09-29
Other contributions (incl. rollovers)$2,304,481Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250929142932NAL0015330419001, received 2025-09-29
Total contributions$12,281,526Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929142932NAL0015330419001, received 2025-09-29
Benefit payments$1,639,196Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250929142932NAL0015330419001, received 2025-09-29
Total expenses (incl. benefit payments)$1,749,196Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250929142932NAL0015330419001, received 2025-09-29
Total administrative expenses$49,861Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929142932NAL0015330419001, received 2025-09-29
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250929142932NAL0015330419001, received 2025-09-29
Recordkeeping fees$47,862Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929142932NAL0015330419001, received 2025-09-29
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250929142932NAL0015330419001, received 2025-09-29
Investment advisory and management fees$1,999Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250929142932NAL0015330419001, received 2025-09-29
Administrative expenses excluding investment management$47,862derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929142932NAL0015330419001, received 2025-09-29
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250929142932NAL0015330419001, received 2025-09-29
Held in common/collective trusts$493,117Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250929142932NAL0015330419001, received 2025-09-29
Held in mutual funds$48,960,884Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250929142932NAL0015330419001, received 2025-09-29
Independent auditorBAKER TILLY US, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250929142932NAL0015330419001, received 2025-09-29

Position = column in the DOL layout for form year 2024. Filing 20250929142932NAL0015330419001, received 2025-09-29.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $47,862yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250929142932NAL0015330419001, received 2025-09-29.

What changed since the 2023 plan year

Figure20232024Change
Total assets$34,625,006$51,073,27447.5%
Participants with a balance34352352.5%
Administrative expenses$18,855$49,861164.4%
Recordkeeping fees per participant$54.69$91.5167.3%
Employer contributions$1,579,977$2,802,88577.4%

Prior filing 20241011144752NAL0012623443001, received 2024-10-11; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: NEXTRACKER, LLC.; SEC registrant: NEXTracker Inc. (CIK 1597356, matched by EIN).