# First Busey Corporation 401(k) Plan
Source: https://planprovider.pro/companies/first-busey-corporation-401k-plan

> First Busey Corporation's 401(k) plan: 1,521 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Busey Corporation

- **Sponsor EIN:** 371078406

- **Sponsor Address:** 115 NORTH NEIL STREET 4TH FL/HR, CHAMPAIGN, IL, 61820

- **Plan Type:** 401(k)

- **Total Participants:** 1,521

- **Total Assets:** $268.2M

## 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|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|NONE|$370,541|—|$370,541|

| CHARLES SCHWAB TRUST BANK|NONE|—|$31,364|$31,364|

| BENEFIT PLANNING CONSULTANTS|NONE|$10,015|—|$10,015|

| BUSEY BANK|NONE|$9,272|—|$9,272|

| FGMK, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [EPIC RETIREMENT PLAN SERVICES](https://planprovider.pro/provider/epic-retirement-plan-services) — NONE

- [CHARLES SCHWAB TRUST BANK](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [FGMK, LLC](https://planprovider.pro/provider/fgmk-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $421,192

- **Estimated Expense Ratio:** 0.157% 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|$389,827|$19,287|—|—|—|

| 2023|$346,622|$37,822|—|—|—|

| 2022|$377,350|$50,060|$230,127|—|—|

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