Plan Ledger DOL Form 5500 · updated monthly

Buchanan Group, Inc.401(k)

BUCHANAN GROUP, INC. 401(K) RETIREMENT PLAN · INDIANAPOLIS, IN · plan year 2023

Reported admin expense ratio · 2023
0.47%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Buchanan Group, Inc. reported $99,940 in plan administrative expenses for 2023: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,285 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.43% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is the 516th-largest of 1,562 plans among Indiana employers on file, and the 966th of 3,341 in other services. In 2023, employees put in $1.92 for every $1.00 the employer contributed; active participation has grown from 329 to 391 since 2022.

Plan summary
Net assets, end of year$22,421,435
Participants with balances227
Active participants391
Employer contributions$502,495
Employee contributions$964,252
Employer contribution per active participant$1,285
Average account balance$98,773
Benefits paid to participants$2,742,149
Plan auditUnmodified (clean) audit opinion
AuditorL.M. HENDERSON & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 204 accts · $471K emplr
2023$22.4M · 227 accts · $502K emplr
2022$20.2M · 223 accts · $488K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$82,525
Investment management$17,415
Total administrative$99,940
The Buchanan Group, Inc. 401(k) match · 2023
Employer contribution per active participant$1,285
Median for plans this size$2,440
2024$1,295 per active participant
2023$1,285 per active participant
2022$1,483 per active participant

Buchanan Group, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
AMERICAN PENSION ADVISORS, LTD. · Recordkeeping · Loan processing$13,994
NATIONWIDE · Loan processing · Other services$51,112
ERISA SMART · Named fiduciary$17,419
LJI WEALTH MANAGEMENT, LLC · Investment advisory (participants) · Investment advisory (plan)$17,415

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024AMERICAN PENSION ADVISORS, LTD.
2023AMERICAN PENSION ADVISORS, LTD.

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Administrative cost history3
2024$67,528 · 0.31%
2023$99,940 · 0.47%
2022$94,869 · 0.43%
Similar plansOther Services · Indiana
Regenstrief Institute, Inc. IN$33.6M · 0.07%
Hoosier Motor Club IN$21.2M · 0.22%
World Gospel Mission IN$20.7M · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351698600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.