2023 Form 5500 filing — First Busey Corporation Profit Sharing Plan And Trust
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240729171319NAL0019742097001) for First Busey Corporation Profit Sharing Plan And Trust, reported by First Busey Corporation under EIN 37-1078406 and plan number 002. It reports 2,120 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240729171319NAL0019742097001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Busey Corporation
- EIN
- 37-1078406
- Plan number
- 002
- Location
- Champaign, IL
- Participants
- 2,120
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $247,577,826
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $247,577,826
- Employer contributions
- $7,120,334
- Participant contributions
- $8,737,196
- Total income / additions
- $54,621,167
- Benefits paid
- $21,828,116
- Administrative expenses
- $346,622
- Total expenses
- $22,174,738
- Net increase / (decrease)
- $32,446,429
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Epic Retirement Plan Services | NONE | $308,000 | $0 |
| Benefit Planning Consultants | NONE | $30,060 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | NONE | $0 | $21,533 |
| Busey Bank | NONE | $7,762 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | NONE | $0 | $0 |