Plan Ledger DOL Form 5500 · updated monthly

Buesing Corp.401(k)

BUESING CORP. 401(K) PROFIT SHARING PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
1.14%

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

Buesing Corp. reported $97,553 in plan administrative expenses for 2024: 1.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,421 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 3 years on file its reported administrative ratio has held roughly steady near 1.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is the 621st-largest of 1,285 plans among Arizona employers on file, and 3,224th of 5,337 in construction. In 2024, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,140,727
Participants with balances301
Active participants266
Employer contributions$377,882
Employee contributions$974,685
Employer contribution per active participant$1,421
Average account balance$30,368
Benefits paid to participants$1,069,302
Plan auditUnmodified (clean) audit opinion
AuditorWALLACE PLESE & DREHER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 301 accts · $378K emplr
2023$8.0M · 407 accts · $351K emplr
2022$6.5M · 351 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,365
Investment management$42,188
Total administrative$97,553
The Buesing Corp. 401(k) match · 2024
Employer contribution per active participant$1,421
Median for plans this size$1,313
2024$1,421 per active participant
2023$1,398 per active participant
2022$1,369 per active participant

Buesing Corp.'s 2024 employer contribution ran above the $1,313 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$55,365
WELLS FARGO ADVISORS. · Investment advisory (plan)$42,188

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,553 · 1.14%
2023$74,610 · 1.03%
2022$72,508 · 1.10%
Same employer
Similar plansConstruction · Arizona
The Rock Solid, Inc. AZ$11.5M · 0.13%
Jenco, Inc. AZ$9.7M · 0.93%
Shasta Industries, Inc. AZ$8.2M · 0.34%
Kearney Electric, Inc. AZ$8.2M · 0.58%
Sdb, Inc. AZ$8.1M · 0.59%
Fulton Homes Corporation AZ$7.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410912690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.