Retirement plan

BUSS ELECTRIC 401(K) PROFIT SHARING PLAN

Name: BUSS ELECTRIC, INC. - BUSS ELECTRIC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BUSS ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUSS ELECTRIC 401(K) PROFIT SHARING PLAN, BUSS ELECTRIC, INC.

BUSS ELECTRIC, INC.EIN 39-1197196Plan #001PY 2023

W6166 GREENVILLE DR - GREENVILLE, WI 549429676920-757-6501LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$1.9M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$12.7M

+24.4% from 2022

Total participants

+13.0% from 2022

Average account balance

$506,003

+14.4% from 2022

Annual return

25.47%

+49.54 pp from 2022

Benchmarks

See 51,545 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,545 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.29M

Not enough data

1 years with asset history on file

Average account balance

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

$695K

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.

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.

157.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+20.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15994

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$258K

$12889 / participant

Other / not subdivided$258K100.0%

% of EOY assets

2.038%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$506,003

$106,280+376.1%

$96,538+424.1%

$139,487+262.8%

Participation rate

95.0%

77.8%+17.2pp

74.3%+20.7pp

80.3%+14.7pp

Annual return

25.47%

38.48%-13.0pp

35.74%-10.3pp

373.84%-348.4pp

Employer contribution / active EE

$3,296

$4,107-19.8%

$3,740-11.9%

$4,755-30.7%

Participant deferral / active EE

$3,989

$5,457-26.9%

$4,880-18.3%

$6,713-40.6%

Admin fee / account holder

$10,311

$7,888+30.7%

$6,737+53.0%

$11,407-9.6%

BUSS ELECTRIC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUSS ELECTRIC 401(K) PROFIT SHARING PLAN

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