Plan Ledger DOL Form 5500 · updated monthly

Busco, Inc.401(k)

BUSCO, INC. 401(K) PLAN AND TRUST · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
1.21%

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

Busco, Inc. reported $49,525 in plan administrative expenses for 2024: 1.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $149 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 1.58% to 1.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Nebraska (478th of 565), and 1,728th of 2,677 in transportation & warehousing. In 2024, employees put in $9.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,415,478
Participants with balances118
Active participants343
Employer contributions$51,277
Employee contributions$499,790
Employer contribution per active participant$149
Average account balance$37,419
Benefits paid to participants$628,490
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 118 accts · $51K emplr
2023$3.7M · 141 accts · $55K emplr
2022$3.6M · 150 accts · $41K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,925
Investment management$5,600
Total administrative$49,525
The Busco, Inc. 401(k) match · 2024
Employer contribution per active participant$149
Median for plans this size$1,313
2024$149 per active participant
2023$151 per active participant
2022$118 per active participant

Busco, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
NATIONWIDE FINANCIAL · Investment advisory (participants) · Recordkeeping$18,449
INWEST RETIREMENT SOLUTIONS · Contract administrator · Recordkeeping$10,029
FIDUCIARY WISE · Investment advisory (participants) · Named fiduciary$5,600
AMERIPRISE FINANCIAL · Securities brokerage · Custodialindirect comp

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

Recordkeeper by year2
2024INWEST RETIREMENT SOLUTIONS, Nationwide
2023Definiti, Nationwide

This plan has changed recordkeepers within these filings. If you left Busco, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$49,525 · 1.21%
2023$46,678 · 1.28%
2022$62,450 · 1.58%
Same employer
Similar plansTransportation & Warehousing · Nebraska
Lt Holdings, Inc. NE$9.9M · 0.90%
Sunrise Express, Inc. NE$4.8M · 0.12%
Lgt Transport, LLC NE$4.2M · 0.98%
Hunt Transportation, Inc. NE$4.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470737571 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.