First Busey Corporation Profit Sharing Plan And Trust — Form 5500 plan (First Busey Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, First Busey Corporation Profit Sharing Plan And Trust is a benefit plan reported by First Busey Corporation under EIN 37-1078406 and plan number 002. The latest loaded filing year is 2023. The filing reports 2,120 participants and $247,577,826 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Busey Corporation
- EIN
- 37-1078406
- Plan number
- 002
- Plan type
- 2
- Location
- Champaign, IL
- Latest filing year
- 2023
- Participants
- 2,120
- End-of-year plan assets
- $247,577,826
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,120 | H, C | 20240729171319NAL0019742097001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $247,577,826
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $247,577,826
- Net assets (BOY)
- $215,131,397
Income & contributions
- Employer contributions
- $7,120,334
- Participant contributions
- $8,737,196
- Total contributions
- $18,562,261
- Total income / additions
- $54,621,167
Expenses & distributions
- Benefits paid
- $21,828,116
- Administrative expenses
- $346,622
- Total expenses
- $22,174,738
- Net increase / (decrease)
- $32,446,429
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Epic Retirement Plan Services | NONE | $308,000 | $0 | 2023 |
| Benefit Planning Consultants | NONE | $30,060 | not reported in the loaded dataset | 2023 |
| Charles Schwab Trust Bank | NONE | $0 | $21,533 | 2023 |
| Busey Bank | NONE | $7,762 | not reported in the loaded dataset | 2023 |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First Busey Corporation
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Champaign, IL
- Epic Retirement Plan Services — Schedule C compensation
- Benefit Planning Consultants — Schedule C compensation
- Charles Schwab Trust Bank — Schedule C compensation
- Busey Bank — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation