Plan Snapshot
- Plan Sponsor: First Busey Corporation
- Sponsor EIN: 371078406
- Sponsor Address: 11440 TOMAHAWK CREEK PARKWAY, LEAWOOD, KS, 66211
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 2,525
- Total Assets: $335.6M
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. |
|---|---|---|---|---|
| 2025 | 2,525 | $335.6M | $0 | $0 |
| 2024 | 1,521 | $268.2M | $7.6M | $9.0M |
| 2023 | 1,496 | $247.6M | $7.1M | $8.7M |
| 2022 | 1,579 | $215.1M | $7.1M | $8.7M |
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 |
|---|---|---|---|---|
| EPIC RETIREMENT PLAN SERVICES | Other Service Provider | $422,687 | — | $422,687 |
| CHARLES SCHWAB TRUST BANK | Other Service Provider | — | $49,939 | $49,939 |
| BUSEY BANK | Other Service Provider | $9,923 | — | $9,923 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $482,549
- Estimated Expense Ratio: 0.144% 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 |
|---|---|---|---|---|---|
| 2025 | $21,312,934 | $9,923 | — | — | — |
| 2024 | $389,827 | $19,287 | — | — | — |
| 2023 | $346,622 | $37,822 | — | — | — |
| 2022 | $377,350 | $50,060 | $230,127 | — | — |