Employers › First Business Financial Services
Recordkeeping fees per participant · First Business Financial Services 401(k) Plan · plan year 2024
$16.15
Higher than 15% of the 5,847 plans $50 to 250M that report it.
= $7,104 / 440
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250827084743NAL0018653154001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827084743NAL0018653154001, received 2025-08-27
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-08-27.
Administrative expenses excluding investment management, per participant
$55.60
Higher than 27% of the 8,758 plans $50 to 250M that report it.
= $24,462 / 440
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250827084743NAL0018653154001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827084743NAL0018653154001, received 2025-08-27
Administrative expenses per participant
$55.60
Higher than 18% of the 9,042 plans $50 to 250M that report it.
= $24,462 / 440
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827084743NAL0018653154001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827084743NAL0018653154001, received 2025-08-27
Administrative expenses as a share of assets
0.026%
Higher than 11% of the 9,049 plans $50 to 250M that report it.
= $24,462 / $93,830,846
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827084743NAL0018653154001, received 2025-08-27
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250827084743NAL0018653154001, received 2025-08-27
Employer contributions per participant
$6,984
Higher than 87% of the 9,105 plans $50 to 250M that report it.
= $3,072,870 / 440
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827084743NAL0018653154001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827084743NAL0018653154001, received 2025-08-27
Employer share of total contributions
37.1%
Higher than 71% of the 9,112 plans $50 to 250M that report it.
= $3,072,870 / $8,281,860
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827084743NAL0018653154001, received 2025-08-27
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250827084743NAL0018653154001, received 2025-08-27
Employer match
“The Corporation matches 100% of amounts contributed by each participating employee, up to 3% of the employee’s compensation.”
Form 10-K filed 2026-02-25, 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 · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250827084743NAL0018653154001, received 2025-08-27
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FIRST BUSINESS FINANCIAL SERVICES | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Plan name | FIRST BUSINESS FINANCIAL SERVICES 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Sponsor EIN / plan number | 39-1576570 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Sponsor location | MADISON, WI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Filing received | 2025-08-27 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Participants, beginning of year | 429 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Active participants | 344 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Participants, end of year | 444 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Participants with an account balance | 440 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Total assets, beginning of year | $79,826,366 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Total assets, end of year | $93,830,846 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Net assets, end of year | $93,830,846 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Total income | $20,304,368 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Net income | $14,004,480 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Employer contributions | $3,072,870 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Participant contributions | $3,620,628 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Other contributions (incl. rollovers) | $1,588,362 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Total contributions | $8,281,860 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Benefit payments | $6,275,426 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Total expenses (incl. benefit payments) | $6,299,888 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Total administrative expenses | $24,462 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Recordkeeping fees | $7,104 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Administrative expenses excluding investment management | $24,462 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Held in mutual funds | $88,329,261 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250827084743NAL0018653154001, received 2025-08-27 |
| Independent auditor | WIPFLI, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250827084743NAL0018653154001, received 2025-08-27 |
Position = column in the DOL layout for form year 2024. Filing 20250827084743NAL0018653154001, received 2025-08-27.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIRST BUSINESS TRUST & INVESTMENTS | NONE | 21 Trustee (bank, trust company or similar) | $24,462 | yes |
| 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 20250827084743NAL0018653154001, received 2025-08-27.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $79,826,366 | $93,830,846 | 17.5% |
| Participants with a balance | 423 | 440 | 4.0% |
| Administrative expenses | $25,542 | $24,462 | -4.2% |
| Recordkeeping fees per participant | $17.25 | $16.15 | -6.4% |
| Employer contributions | $3,000,940 | $3,072,870 | 2.4% |
Prior filing 20240916134433NAL0001562257001, received 2024-09-16; the plan years are contiguous.
Sponsor name as filed: FIRST BUSINESS FINANCIAL SERVICES; SEC registrant: FIRST BUSINESS FINANCIAL SERVICES, INC. (CIK 1521951, matched by EIN; display name from the Form 10-K cover).