Bus Company Holdings US 401(k) match, vesting and fees
What Bus Company Holdings US' 401(k) plan says about matching contributions
For nonunion employees, the Company makes a matching contribution equal to 50% of employees’ salary deferrals on the first 6% of compensation. Effective mid-January 2024, the Company suspended the matching contribution for nonunion employees through the remainder of the year. The matching contribution was reinstated in January 2025. The Company may also make a discretionary nonelective contribution on behalf of nonunion employees who are employed on the last day of the Plan year but did not elect to make a discretionary nonelective contribution for the year ended December 31, 2024. For union employees, the Company makes matching or nonelective contributions as defined by each respective collective bargaining agreement.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 30 ↗ |
| Match vesting | Participants are immediately vested in their deferral and rollover contributions plus earnings or losses thereon. Participants vest in Company contributions based on years of continuous service. Except for certain union employees who are subject to different vesting schedules as defined by the Plan document, participants vest in Company contributions at a rate of 20% for each year of continuous service and are 100% vested after five years of continuous service. Participants are also fully vested upon reaching normal retirement age, death, or total disability. | Audit report, p. 30 ↗ |
| Automatic enrollment | All newly eligible employees are automatically enrolled into the Plan at 3% of eligible compensation 35 days after their eligibility date unless they affirmatively elect otherwise. | Audit report, p. 29 ↗ |
| Roth contributions | Participant contributions may be made on a pre-tax or Roth basis. | Audit report, p. 29 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or one-half of their vested account balance. Loans are repayable over a period not to exceed five years, except for loans for the purchase of a principal residence, which may be offered over a period consistent with commercial home loan practices. The loans are secured by the balance in the participants’ accounts and bear interest at a rate commensurate with local prevailing rates, as determined by the Plan administrator. The notes currently bear interest at rates ranging from 4.25% to 9.50%. Participants may only have one loan outstanding at any given time. | Audit report, p. 30 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 267 defined-contribution plans in transportation and warehousing with 1,000 to 4,999 participants.
| Bus Company Holdings US: employer contribution per participant | $460 | |
| Peer median | $1,880 |
| Bus Company Holdings US: average balance | $30,553 | |
| Peer median | $51,904 |
| Bus Company Holdings US: admin expenses ÷ assets | 0.21% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $73.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,710 | $73.4M | $1.1M | $460 | 0.21% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
Common questions
Does Bus Company Holdings US match 401(k) contributions?
The audit report attached to the Bus Company Holdings US, LLC 401(k) Savings Plan's plan year 2024 Form 5500, page 30 says: “For nonunion employees, the Company makes a matching contribution equal to 50% of employees’ salary deferrals on the first 6% of compensation. Effective mid-January 2024, the Company suspended the matching contribution for nonunion employees through the remainder of the year. The matching contribution was reinstated in January 2025. The Company may also make a discretionary nonelective contribution on behalf of nonunion employees who are employed on the last day of the Plan year but did not elect to make a discretionary nonelective contribution for the year ended December 31, 2024. For union employees, the Company makes matching or nonelective contributions as defined by each respective collective bargaining agreement.” Plan terms may have changed; check your current Summary Plan Description.
When is the Bus Company Holdings US 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 30 says: “Participants are immediately vested in their deferral and rollover contributions plus earnings or losses thereon. Participants vest in Company contributions based on years of continuous service. Except for certain union employees who are subject to different vesting schedules as defined by the Plan document, participants vest in Company contributions at a rate of 20% for each year of continuous service and are 100% vested after five years of continuous service. Participants are also fully vested upon reaching normal retirement age, death, or total disability.”
Who manages the Bus Company Holdings US 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Bus Company Holdings US, LLC.
I left Bus Company Holdings US. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bus Company Holdings US, LLC, (201) 225-7500) or the recordkeeper, Fidelity Investments Institutional. The Bus Company Holdings US old 401(k) page lists the contacts from every plan filing. Find an old Bus Company Holdings US 401(k)
Data from the public Form 5500 annual reports Bus Company Holdings US filed with the U.S. Department of Labor (plan years 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bus Company Holdings US. Not financial advice. Report a correction · Methodology