401(k)
2022 plan-year 401(k) DOL Form 5500

First Busey Corporation Profit Sharing Plan and Trust

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by First Busey Corporation · Illinois · Finance & Insurance

What the 2023 filing shows

First Busey Corporation Profit Sharing Plan and Trust holds $215M for 1,512 participants — about $142,283 per participant, down 16.0% over the 2022 plan year.

$215M
total plan assets (2022 EOY)
1,512
covered participants
$142,283
avg assets per participant
-16.0%
assets change YoY

The plan reported a net loss of $41M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$215M
Participants
1,512
State
Industry
Finance & Insurance

What the Filing Says About First Busey Corporation Profit Sharing Plan and Trust

First Busey Corporation Profit Sharing Plan and Trust is a 401(k) retirement plan sponsored by First Busey Corporation, headquartered in Illinois. As of the 2022 Form 5500 filing, the plan reports $215M in total end-of-year assets and covers 1,512 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 371078406, and the plan has been effective since 1984-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $256M at the beginning of 2022 to $215M at year-end — a decline of 16.0%. Net assets (after liabilities) closed the year at $215M, with reported net income of $-41,087,033 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$256M
Total Assets (End of Year)$215M
Net Assets (End of Year)$215M
Net Income$-41,087,033
Plan Type401(k)
Employer EIN371078406
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Busey Corporation)

Year Plans Participants Total Assets
2022 1 1,512 $215M
2023 1 1,579 $248M
2024 1 1,497 $268M

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Frequently Asked Questions

How much money is in the First Busey Corporation Profit Sharing Plan and Trust?
As of the 2022 Form 5500 filing, First Busey Corporation Profit Sharing Plan and Trust holds $215M in total assets with 1,512 participants. It is sponsored by First Busey Corporation.
What type of plan is First Busey Corporation Profit Sharing Plan and Trust?
First Busey Corporation Profit Sharing Plan and Trust is a 401(k) plan. It has been effective since 1984-01-01. The plan is filed with the U.S. Department of Labor under EIN 371078406.
Who sponsors the First Busey Corporation Profit Sharing Plan and Trust?
First Busey Corporation Profit Sharing Plan and Trust is sponsored by First Busey Corporation, located in Illinois. The sponsor's EIN is 371078406 and the plan operates in the Finance & Insurance industry.
How did First Busey Corporation Profit Sharing Plan and Trust perform in 2022?
First Busey Corporation Profit Sharing Plan and Trust declined by 16.0% during 2022, moving from $256M to $215M in total assets. Net income was $-41,087,033.
Where can I find official filings for First Busey Corporation Profit Sharing Plan and Trust?
Official Form 5500 filings for First Busey Corporation Profit Sharing Plan and Trust are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 371078406 or plan name at efast.dol.gov.
How does First Busey Corporation Profit Sharing Plan and Trust compare to other plans?
You can compare First Busey Corporation Profit Sharing Plan and Trust against other 401(k) plans on the plan type page, or view plans in Illinois on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 371078406.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.