Financial Business Systems, Inc.ESOP
FINANCIAL BUSINESS SYSTEMS, INC. 2013 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN · FARGO, ND · plan year 2024
Financial Business Systems, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $43,476,375 across 132 participant accounts, with employer contributions averaging $18,402 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 59th-largest of 279 plans among North Dakota employers on file, and the 585th of 2,199 in information & media. active participation has grown from 103 to 118 since 2022.
Financial Business Systems, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 450346952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.