2023 Form 5500 filing — Buist Electric 401(K) Plan
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 20241005111128NAL0006417267001) for Buist Electric 401(K) Plan, reported by Buist Electric Company, Inc. under EIN 38-2177580 and plan number 001. It reports 447 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241005111128NAL0006417267001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Buist Electric Company, Inc.
- EIN
- 38-2177580
- Plan number
- 001
- Location
- Byron Center, MI
- Participants
- 447
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $64,159,745
- Total liabilities (EOY)
- $55,989
- Net assets (EOY)
- $64,103,756
- Employer contributions
- $833,273
- Participant contributions
- $3,599,351
- Total income / additions
- $15,136,073
- Benefits paid
- $3,420,287
- Administrative expenses
- $86,294
- Total expenses
- $3,506,581
- Net increase / (decrease)
- $11,629,492
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Midwest Capital Advisors, LLC | INVESTMENT ADVISORY | $47,067 | not reported in the loaded dataset |
| Alerus Financial, N.A. | NONE | $39,227 | $0 |