Plan Snapshot
- Plan Sponsor: Bush Brothers & Company
- Sponsor EIN: 620145910
- Sponsor Address: AMANDA WEAVER, KNOXVILLE, TN, 37909
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 693
- Total Assets: $623,204
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 693 | $623,204 | $16.9M | $259,578 |
| 2023 | 696 | $594,539 | $15.2M | $309,876 |
| 2022 | 677 | $1.1M | $15.2M | $278,215 |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO. | Other Service Provider | $750,374 | — | $750,374 |
| OPTUMRX, INC. | Recordkeeper | $48,149 | — | $48,149 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $798,523
- Estimated Expense Ratio: 128.132% 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 | $398,708 | — | $398,708 | — | — |
| 2023 | $382,674 | — | $382,674 | — | — |
| 2022 | $377,198 | — | $377,198 | — | — |