Plan Snapshot
- Plan Sponsor: First Business Financial Services
- Sponsor EIN: 391576570
- Sponsor Address: 401 CHARMANY DR, MADISON, WI, 53719
- Plan Type: 401(k)
- Total Participants: 344
- Total Assets: $93.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 344 | $93.8M | $3.1M | $3.6M |
| 2023 | 341 | $79.8M | $3.0M | $3.6M |
| 2022 | 331 | $62.6M | $3.2M | $3.3M |
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 |
|---|---|---|---|---|
| FIRST BUSINESS TRUST & INVESTMENTS | NONE | $24,462 | — | $24,462 |
| CHARLES SCHWAB TRUST BANK | NONE | — | $20,987 | $20,987 |
| WIPFLI, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — NONE
- WIPFLI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,449
- Estimated Expense Ratio: 0.048% 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 | $24,462 | — | — | — | — |
| 2023 | $25,542 | — | — | — | — |
| 2022 | $26,205 | — | — | — | — |