Buist Electric 401(K) Plan — Form 5500 plan (Buist Electric Company, Inc.)

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, Buist Electric 401(K) Plan is a benefit plan reported by Buist Electric Company, Inc. under EIN 38-2177580 and plan number 001. The latest loaded filing year is 2023. The filing reports 447 participants and $64,159,745 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Buist Electric Company, Inc.
EIN
38-2177580
Plan number
001
Plan type
2
Location
Byron Center, MI
Latest filing year
2023
Participants
447
End-of-year plan assets
$64,159,745

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023447H, C20241005111128NAL0006417267001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$64,159,745
Total liabilities (EOY)
$55,989
Net assets (EOY)
$64,103,756
Net assets (BOY)
$52,474,264

Income & contributions

Employer contributions
$833,273
Participant contributions
$3,599,351
Total contributions
$6,218,314
Total income / additions
$15,136,073

Expenses & distributions

Benefits paid
$3,420,287
Administrative expenses
$86,294
Total expenses
$3,506,581
Net increase / (decrease)
$11,629,492

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Midwest Capital Advisors, LLCINVESTMENT ADVISORY$47,067not reported in the loaded dataset2023
Alerus Financial, N.A.NONE$39,227$02023

Related Form 5500 pages