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Sponsor portfolio

FINANCIAL BUSINESS SYSTEMS, INC.

EIN 45-0346952-Latest filing 2025
Plans
3
Retirement
2
$62.7M assets
Welfare
1
$1.7M premiums
Participants
405
4601 33RD AVENUE S - FARGO, ND 58108701-235-7300fbsdata.comLinkedIn1-10 employees
Plans on this EIN
3 filings
#002ESOP-$43.5M - 132 part#001401k-$19.2M - 135 part#502Fully Insured-$1.7M - 228 lives

Retirement portfolio analytics

2 plans aggregated / $62.7M assets / 267 participants

Assets by plan

Share of aggregate retirement assets

69%top
  • EMPLOYEE STOCK OWNERSHIP (#002)69%
  • SYSTEMS, INC. 401(K) (#001)31%
Total $62.7MClick slice to drill in

Recordkeeper share

DC plan assets by Schedule C recordkeeper

Entrenched
69%top
  • (Not disclosed)69%
  • ALERUS FINANCIAL, N.A.31%
Total $62.7MClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • SYSTEMS, INC. 401(K) (#001)135
  • EMPLOYEE STOCK OWNERSHIP (#002)132
Total 267Click row to drill in

Benefits portfolio analytics

1 plan / $1.7M premiums / 228 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Health$1.5M
  • Vision$1.5M
  • Prescription drug$1.5M
  • Dental$101K
  • Other$67K
  • Life$65K
  • +1 more
Total $1.7M7 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
90%top
  • BLUE CROSS OF CALIFORNIA90%
  • DELTA DENTAL OF CALIFORNIA6%
  • THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA4%
  • USABLE LIFE0%
Total $1.7M4 slices

Broker market share

Schedule A broker compensation

Split broker
100%top
  • HUB INTERNATIONAL MIDWEST LIMITED100%
  • AZURANCE GROUP0%
  • JUDY HANSEN0%
  • CHRISTINE MARTEL0%
Total $42K4 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#002

FINANCIAL BUSINESS SYSTEMS, INC. 2013 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

ESOP

Assets$43.5M
Participants132
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001

FINANCIAL BUSINESS SYSTEMS, INC. 401(K) PLAN

401k

Assets$19.2M
Participants135
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#502

FINANCIAL BUSINESS SYSTEMS GROUP BENEFIT PLAN

Fully Insured - BLUE CROSS BLUE SHIELD OF NORTH DAKOTA

Premiums$1.7M
Covered lives228
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans2

Plan #NameTypeAssetsParticipantsLatest year
002FINANCIAL BUSINESS SYSTEMS, INC. 2013 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLANESOP$43.5M1322024
001FINANCIAL BUSINESS SYSTEMS, INC. 401(K) PLAN401k$19.2M1352024

Welfare plans1

Plan #NameFundingCarrierPremiumsCoveredLatest year
502FINANCIAL BUSINESS SYSTEMS GROUP BENEFIT PLANFully InsuredBLUE CROSS BLUE SHIELD OF NORTH DAKOTA$1.7M2282025
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