Employers › First Busey
Recordkeeping fees per participant · First Busey Corporation Profit Sharing Plan and Trust · plan year 2024
$201.05
Higher than 98% of the 1,697 plans $250M to 1B that report it.
= $370,540 / 1,843
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250718131411NAL0000927987002, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718131411NAL0000927987002, received 2025-07-18
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-18.
Administrative expenses excluding investment management, per participant
$201.05
Higher than 95% of the 2,324 plans $250M to 1B that report it.
= $370,540 / 1,843
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250718131411NAL0000927987002, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718131411NAL0000927987002, received 2025-07-18
Administrative expenses per participant
$211.52
Higher than 91% of the 2,405 plans $250M to 1B that report it.
= $389,827 / 1,843
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718131411NAL0000927987002, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718131411NAL0000927987002, received 2025-07-18
Administrative expenses as a share of assets
0.145%
Higher than 83% of the 2,407 plans $250M to 1B that report it.
= $389,827 / $268,163,537
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718131411NAL0000927987002, received 2025-07-18
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250718131411NAL0000927987002, received 2025-07-18
Employer contributions per participant
$4,106
Higher than 64% of the 2,457 plans $250M to 1B that report it.
= $7,566,736 / 1,843
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718131411NAL0000927987002, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718131411NAL0000927987002, received 2025-07-18
Employer share of total contributions
32.9%
Higher than 56% of the 2,459 plans $250M to 1B that report it.
= $7,566,736 / $23,003,258
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718131411NAL0000927987002, received 2025-07-18
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250718131411NAL0000927987002, received 2025-07-18
Employer match
“Busey makes safe harbor matching contributions to the 401(k) Plan equal to 100% of the first 3% of eligible participant compensation contributed to the plan and 50% of the next 2% of eligible participant compensation contributed to the plan.”
Form 10-K filed 2026-02-26, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Vesting
“The rights of participants in safe harbor matching contributions vest immediately.”
Form 10-K filed 2026-02-26, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250718131411NAL0000927987002, received 2025-07-18
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FIRST BUSEY CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Plan name | FIRST BUSEY CORPORATION PROFIT SHARING PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Sponsor EIN / plan number | 37-1078406 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Sponsor location | CHAMPAIGN, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Filing received | 2025-07-18 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Participants, beginning of year | 2,059 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Active participants | 1,521 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Participants, end of year | 2,067 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Participants with an account balance | 1,843 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Total assets, beginning of year | $247,577,826 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Total assets, end of year | $268,163,537 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Net assets, end of year | $268,163,537 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Total income | $53,814,827 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Net income | $20,585,711 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Employer contributions | $7,566,736 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Participant contributions | $8,966,677 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Other contributions (incl. rollovers) | $6,469,845 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Total contributions | $23,003,258 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Benefit payments | $32,834,004 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Total expenses (incl. benefit payments) | $33,229,116 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Total administrative expenses | $389,827 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Recordkeeping fees | $370,540 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Investment advisory and management fees | $19,287 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Administrative expenses excluding investment management | $370,540 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Held in mutual funds | $246,498,654 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250718131411NAL0000927987002, received 2025-07-18 |
| Independent auditor | FGMK, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250718131411NAL0000927987002, received 2025-07-18 |
Position = column in the DOL layout for form year 2024. Filing 20250718131411NAL0000927987002, received 2025-07-18.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EPIC RETIREMENT PLAN SERVICESrecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 38 Participant communication | $370,541 | yes |
| BENEFIT PLANNING CONSULTANTS | NONE | 27 Investment advisory (plan) | $10,015 | no |
| BUSEY BANK | NONE | 27 Investment advisory (plan) | $9,272 | no |
| CHARLES SCHWAB TRUST BANK | NONE | 19 Custodial (securities); 62 Float revenue | $0 | yes |
| CHARLES SCHWAB & CO., INC. | NONE | 59 Shareholder servicing fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250718131411NAL0000927987002, received 2025-07-18.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $247,577,826 | $268,163,537 | 8.3% |
| Participants with a balance | 1,836 | 1,843 | 0.4% |
| Administrative expenses | $346,622 | $389,827 | 12.5% |
| Recordkeeping fees per participant | $168.19 | $201.05 | 19.5% |
| Employer contributions | $7,120,334 | $7,566,736 | 6.3% |
Prior filing 20240729171319NAL0019742097001, received 2024-07-29; the plan years are contiguous.
Sponsor name as filed: FIRST BUSEY CORPORATION; SEC registrant: FIRST BUSEY CORP /NV/ (CIK 314489, matched by EIN; display name from the Form 11-K cover).