Retirement plan

FIRST BUSEY CORPORATION PROFIT SHARING PLAN AND TRUST

Name: FIRST BUSEY CORPORATION - FIRST BUSEY CORPORATION PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: FIRST BUSEY CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST BUSEY CORPORATION PROFIT SHARING PLAN AND TRUST, FIRST BUSEY CORPORATION

FIRST BUSEY CORPORATIONEIN 37-1078406Plan #002PY 2019

BUSEY HUMAN RESOURCES, 115 N. NEIL ST., STE 101 - CHAMPAIGN, IL 61820217-351-8208LinkedIn11-50 employeesfinancial services

Other plans on this EIN

1 filing

#003Retirement-$4.1M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 11, 1993

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$186.2M

-18.2% from 2016

Total participants

1,947

-32.7% from 2016

Average account balance

$108,823

+16.9% from 2016

Annual return

41.24%

-16.65 pp from 2016

Benchmarks

See 551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort551 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$268.16M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$146K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,843

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

85.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$212

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ALLIANCE BENEFIT GROUP5+ years Filed as: ALLIANCE BENEFIT GROUP OF IL Service code 15 · EIN 37-0899315 465 FULTON STREET · PEORIA, IL 61602	Recordkeeping	$210,401
BENEFIT PLANNING CONSULTANTS1 year Filed as: BENEFIT PLANNING CONSULTANTS, INC. Service code 12 · EIN 36-3036100 2110 CLEARLAKE BLVD., SUITE 200 · CHAMPAIGN, IL 61822	Claims processing; Direct payment fro...	$42,695
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSON ALLEN LLP Service code 21 · EIN 41-0746749 10700 W. RESEARCH DR., SUITE 200 · MILWAUKEE, WI 53226	Bank Trustee	$21,100
BUSEY WEALTH MANAGEMENT1 year Filed as: BUSEY BANK Service code 24 · EIN 37-0613731 201 W. MAIN STREET · URBANA, IL 61801	Discretionary Trustee	$11,912

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$289K

$187 / participant

Other / not subdivided$289K100.0%

% of EOY assets

0.155%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,823

$95,776+13.6%

$162,185-32.9%

$77,775+39.9%

Participation rate

84.7%

88.6%-4.0pp

87.6%-2.9pp

73.2%+11.5pp

Annual return

41.24%

37.03%+4.2pp

115.61%-74.4pp

32.58%+8.7pp

Employer contribution / active EE

$4,109

$3,874+6.1%

$5,613-26.8%

$2,504+64.1%

Participant deferral / active EE

$5,040

$6,125-17.7%

$7,297-30.9%

$3,966+27.1%

Admin fee / account holder

$169

$88+92.4%

$10,844-98.4%

$100+68.6%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP5+ years

Filed as: ALLIANCE BENEFIT GROUP OF IL

Service code 15 · EIN 37-0899315

465 FULTON STREET · PEORIA, IL 61602

Recordkeeping

$210,401

BENEFIT PLANNING CONSULTANTS1 year

Filed as: BENEFIT PLANNING CONSULTANTS, INC.

Service code 12 · EIN 36-3036100

2110 CLEARLAKE BLVD., SUITE 200 · CHAMPAIGN, IL 61822

Claims processing; Direct payment fro...

$42,695

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSON ALLEN LLP

Service code 21 · EIN 41-0746749

10700 W. RESEARCH DR., SUITE 200 · MILWAUKEE, WI 53226

Bank Trustee

$21,100

BUSEY WEALTH MANAGEMENT1 year

Filed as: BUSEY BANK

Service code 24 · EIN 37-0613731

201 W. MAIN STREET · URBANA, IL 61801

Discretionary Trustee

$11,912

FIRST BUSEY CORPORATION PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST BUSEY CORPORATION PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion