Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Springbuk
Springbuk 401(k)
- Administrative and support and waste management services
- Indianapolis, IN
- EIN 81-2608495
- 1 plan with Schedule H financials
- Plan year 2024
- Springbuk, Inc.
Administrative expenses excluding investment management, per participant · Springbuk, Inc. 401(k) Plan · plan year 2024
$560.69
Higher than 99% of the 14,713 plans $1 to 10M that report it.
Source
= $58,872 / 105
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251001110900NAL0012512113001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001110900NAL0012512113001, received 2025-10-01
Percentiles compare this plan with the Schedule H plans $1 to 10M 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 2025-10-01.
Cost and contributions
Administrative expenses per participant
$560.69
Higher than 98% of the 15,210 plans $1 to 10M that report it.
Source
= $58,872 / 105
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001110900NAL0012512113001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001110900NAL0012512113001, received 2025-10-01
Administrative expenses as a share of assets
1.092%
Higher than 89% of the 15,243 plans $1 to 10M that report it.
Source
= $58,872 / $5,389,544
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001110900NAL0012512113001, received 2025-10-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001110900NAL0012512113001, received 2025-10-01
Employer contributions per participant
$833
Higher than 30% of the 13,342 plans $1 to 10M that report it.
Source
= $87,453 / 105
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001110900NAL0012512113001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001110900NAL0012512113001, received 2025-10-01
Employer share of total contributions
6.2%
Higher than 4% of the 13,370 plans $1 to 10M that report it.
Source
= $87,453 / $1,420,908
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001110900NAL0012512113001, received 2025-10-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251001110900NAL0012512113001, received 2025-10-01
Plan terms, as stated in Springbuk, Inc.'s SEC filings
Plan terms are not published in public filings.
Plan features
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251001110900NAL0012512113001, received 2025-10-01
Full record, Springbuk, Inc. 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SPRINGBUK, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Plan name | SPRINGBUK, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Sponsor EIN / plan number | 81-2608495 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Sponsor location | INDIANAPOLIS, IN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Industry (business code) | 561110, Administrative and support and waste management services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Filing received | 2025-10-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Participants, beginning of year | 109 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Active participants | 87 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Participants, end of year | 105 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Participants with an account balance | 105 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Total assets, beginning of year | $3,949,325 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Total assets, end of year | $5,389,544 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Net assets, end of year | $5,389,544 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Total income | $2,112,267 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Net income | $1,440,219 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Employer contributions | $87,453 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Participant contributions | $831,991 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Other contributions (incl. rollovers) | $501,464 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Total contributions | $1,420,908 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Benefit payments | $613,176 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Total expenses (incl. benefit payments) | $672,048 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Total administrative expenses | $58,872 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Contract administrator fees | $58,872 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Administrative expenses excluding investment management | $58,872 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Held in common/collective trusts | $4,329,790 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Held in mutual funds | $922,313 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251001110900NAL0012512113001, received 2025-10-01 |
| Independent auditor | KRUGGEL LAWTON & COMPANY, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251001110900NAL0012512113001, received 2025-10-01 |
Position = column in the DOL layout for form year 2024. Filing 20251001110900NAL0012512113001, received 2025-10-01.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $20,982 | yes |
| GLOBAL RETIREMENT PARTNERS, LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $16,881 | no |
| COMPENSATION SYSTEMS INC | CONTRACT ADMIN | 13 Contract administrator | $4,078 | 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 20251001110900NAL0012512113001, received 2025-10-01.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $3,949,325 | $5,389,544 | 36.5% |
| Participants with a balance | 107 | 105 | -1.9% |
| Administrative expenses | $40,995 | $58,872 | 43.6% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $100,213 | $87,453 | -12.7% |
Prior filing 20241002142427NAL0008423857001, received 2024-10-02; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: SPRINGBUK, INC.; SEC registrant: Springbuk, Inc. (CIK 1580444, matched by EIN).