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After the plan trust purchases company stock, the corporation has working capital and the ongoing administration phase begins. Funding does not end the company’s corporate, retirement-plan, tax, reporting, or fiduciary obligations.

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First operating steps

1

Keep accounts separate

Maintain distinct personal, corporate, and plan trust accounts. Record transfers and expenses according to their actual purpose.
2

Establish payroll and operating records

The founder must work full time under the Nexus eligibility standard. Coordinate compensation timing and amount with qualified legal, tax, and payroll advisors, and document decisions appropriately.
3

Review the setup-fee reimbursement election

For 90 days after funding, the dashboard may offer reimbursement of the actual eligible setup fee paid. Cash reimbursement is paid to the founder; share reimbursement issues shares to the founder individually, not to the plan trust.
4

Follow the dashboard

Nexus surfaces current actions, requests, records, and upcoming administration work. It is the source of truth for your case-specific status.

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Ongoing administration

Nexus supports:
  • Form 5500 filing and required plan testing
  • ERISA fidelity bond renewal
  • Cap table and valuation recordkeeping
  • Registered-agent annual renewal and filing service fees
The founder and Plan Sponsor remain responsible for payroll, contribution remittance, employee information, corporate and income-tax returns, licenses, business operations, accurate filings, fiduciary decisions, and prompt notice of material changes.

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Changes to flag early

Contact Nexus and qualified advisors before ownership changes, acquisitions or sales, new eligible employees, unusual compensation or related-party transactions, business financing involving an insider, plan mergers or termination, or an IRS or DOL inquiry.

Compliance overview

Review the continuing responsibilities in more detail.