Plan Snapshot
- Plan Sponsor: Buchanan Group, INC.
- Sponsor EIN: 351698600
- Sponsor Address: 2020 MONTCALM ST., INDIANAPOLIS, IN, 46202
- Plan Type: 401(k)
- Total Participants: 364
- Total Assets: $21.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 364 | $21.6M | $471,482 | $918,522 |
| 2023 | 391 | $22.4M | $502,495 | $964,252 |
| 2022 | 329 | $20.2M | $488,066 | $962,777 |
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 |
|---|---|---|---|---|
| NATIONWIDE | Recordkeeper | $51,127 | — | $51,127 |
| ERISA SMART | Custodian / Trustee | $17,720 | — | $17,720 |
| LJI WEALTH MANAGEMENT, LLC | Investment Advisor | $17,716 | — | $17,716 |
| AMERICAN PENSION ADVISORS, LTD. | Recordkeeper | $5,490 | — | $5,490 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
- LJI WEALTH MANAGEMENT, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,053
- Estimated Expense Ratio: 0.425% 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 | $67,528 | — | — | — | — |
| 2023 | $99,940 | $17,415 | $68,531 | — | — |
| 2022 | $94,869 | $16,179 | $62,507 | — | $16,183 |