Plan Snapshot
- Plan Sponsor: Abc Bus Companies, INC.
- Sponsor EIN: 411565882
- Sponsor Address: 1506 30TH STREET NW, FARIBAULT, MN, 55021
- Plan Type: 401(k)
- Total Participants: 473
- Total Assets: $29.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 473 | $29.7M | $507,932 | $1.8M |
| 2023 | 487 | $26.2M | $445,699 | $1.7M |
| 2022 | 410 | $25.4M | $407,263 | $1.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WELLS FARGO ADVISORS FINANCIAL | Other Service Provider | $44,906 | — | $44,906 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $9,258 | — | $9,258 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,164
- Estimated Expense Ratio: 0.183% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $131,190 | $44,906 | $86,284 | — | — |
| 2023 | $131,807 | $39,873 | $91,934 | — | — |
| 2022 | $115,319 | $40,564 | $74,755 | — | — |