Plan Snapshot
- Plan Sponsor: Bushel INC.
- Sponsor EIN: 843607278
- Sponsor Address: 503 7TH STREET NORTH, FARGO, ND, 58102
- Plan Type: 401(k)
- Total Participants: 120
- Total Assets: $12.5M
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 | 120 | $12.5M | $655,280 | $1.3M |
| 2023 | 144 | $9.9M | $735,029 | $1.4M |
| 2022 | 188 | $6.4M | $774,168 | $1.5M |
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 |
|---|---|---|---|---|
| BELL BANK | Recordkeeper | $48,636 | — | $48,636 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,636
- Estimated Expense Ratio: 0.391% 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 | $48,637 | — | $46,251 | — | — |
| 2023 | $37,741 | — | $28,025 | — | — |
| 2022 | $32,623 | — | — | — | — |