Plan Snapshot
- Plan Sponsor: Academy Bus, LLC
- Sponsor EIN: 223765142
- Sponsor Address: 111 PATERSON AVE, HOBOKEN, NJ, 07030
- Plan Type: 401(k)
- Total Participants: 216
- Total Assets: $2.8M
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 | 216 | $2.8M | $49,247 | $145,770 |
| 2023 | 159 | $2.6M | $28,738 | $127,511 |
| 2022 | 118 | $2.4M | $31,897 | $105,735 |
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 |
|---|---|---|---|---|
| COHNREZNICK | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $3,577 | — | — | — | — |
| 2023 | $4,142 | — | — | — | — |
| 2022 | $4,703 | — | — | — | $4,108 |