Retirement plan

BUSCO, INC. 401(K) PLAN AND TRUST

Name: BUSCO, INC. - BUSCO, INC. 401(K) PLAN AND TRUST (2017) Form 5500
Creator: BUSCO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUSCO, INC. 401(K) PLAN AND TRUST, BUSCO, INC.

BUSCO, INC.EIN 47-0737571Plan #001PY 2017

720 EAST NORFOLK AVENUE - NORFOLK, NE 68701402-371-3840

Prospect flagsHigh feesLow participationLow employer contribution

Top hat statement on fileNQDC

Filed May 1, 2015 (most recent of 3 filings on file)

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)

$4.5M

+14.0% from 2016

Total participants

560

+2.0% from 2016

Average account balance

$25,194

-3.3% from 2016

Annual return

15.25%

+9.96 pp from 2016

Benchmarks

See 639 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort639 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.42M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

118

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.

27.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$551K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+19.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$420

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$43,126
BILLINGS AND COMPANY, INC.3+ years Service code 13 2020 INDIAN HILLS DRIVE · SIOUX CITY, IA 511041609	Contract Administrator	$17,384
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 18 · EIN 36-3145972 1585 BROADWAY · NEW YORK, NY 10036	Direct payment from the plan; Custodi...	$5,723
FIDUCIARY WISE OF THE MIDWEST, LLC1 year Service code 31 · EIN 47-1557706 2020 INDIAN HILLS DR · SIOUX CITY, IA 51104	Named fiduciary; Direct payment from ...	$3,360
FIDUCIARY WISE, LLC1 year Filed as: FIDUCIARY WISE LLC Service code 31 · EIN 81-3799174 500 E BENRICH DR · GILBERT, AZ 85295	Named fiduciary; Direct payment from ...	$2,800

Plan features & details

Pension benefit codes2E2F2H2J2K3D3H

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).
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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$72K

$136 / participant

Other / not subdivided$72K100.0%

% of EOY assets

1.614%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LUTZ & COMPANY
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,194

$44,059-42.8%

$71,671-64.8%

$69,631-63.8%

Participation rate

28.5%

60.8%-32.3pp

68.7%-40.3pp

70.7%-42.2pp

Annual return

15.25%

21.97%-6.7pp

20.65%-5.4pp

27571.02%-27555.8pp

Employer contribution / active EE

$103

$1,305-92.1%

$2,460-95.8%

$2,032-94.9%

Participant deferral / active EE

$1,001

$2,370-57.8%

$3,438-70.9%

$3,224-68.9%

Admin fee / account holder

$407

$108+277.7%

$5,558-92.7%

$110+268.3%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$43,126

BILLINGS AND COMPANY, INC.3+ years

Service code 13

2020 INDIAN HILLS DRIVE · SIOUX CITY, IA 511041609

Contract Administrator

$17,384

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 18 · EIN 36-3145972

1585 BROADWAY · NEW YORK, NY 10036

Direct payment from the plan; Custodi...

$5,723

FIDUCIARY WISE OF THE MIDWEST, LLC1 year

Service code 31 · EIN 47-1557706

2020 INDIAN HILLS DR · SIOUX CITY, IA 51104

Named fiduciary; Direct payment from ...

$3,360

FIDUCIARY WISE, LLC1 year

Filed as: FIDUCIARY WISE LLC

Service code 31 · EIN 81-3799174

500 E BENRICH DR · GILBERT, AZ 85295

Named fiduciary; Direct payment from ...

$2,800

BUSCO, INC. 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUSCO, INC. 401(K) 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