Plan Snapshot
- Plan Sponsor: Academy Bus, LLC
- Sponsor EIN: 223765142
- Sponsor Address: 111 PATERSON AVE, HOBOKEN, NJ, 07030
- Plan Type: DC
- Total Participants: 1,612
- Total Assets: $48.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,612 | $48.5M | $0 | $5.0M |
| 2023 | 1,513 | $44.1M | $0 | $4.0M |
| 2022 | 1,305 | $38.9M | $0 | $3.3M |
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 | $93,257 | — | — | — | — |
| 2023 | $61,053 | — | — | — | — |
| 2022 | $76,192 | — | — | — | $58,641 |