Plan Snapshot
- Plan Sponsor: Berkshire Hathaway Credit Corporation
- Sponsor EIN: 470679606
- Sponsor Address: 3555 FARNAM STREET, OMAHA, NE, 68131
- Plan Type: DB
- Total Participants: 7,732
- Total Assets: $5.2B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,732 | $5.2B | $0 | $0 |
| 2023 | 9,020 | $4.2B | $0 | $0 |
| 2022 | 10,563 | $3.9B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $4,173,502 | — | $4,173,502 |
| NORTHERN TRUST COMPANY | Other Service Provider | $625,946 | — | $625,946 |
| ALIGHT SOLUTIONS LLC | Recordkeeper | $315,858 | $664 | $316,522 |
| LUTZ & COMPANY, PC | Auditor | $62,500 | — | $62,500 |
| MILLIMAN USA | Recordkeeper | $39,468 | — | $39,468 |
| NEW ENGLAND ASSET MANAGEMENT INC. | Other Service Provider | $33,656 | — | $33,656 |
| BNY MELLON ASSET SERVICING | Other Service Provider | $13,947 | — | $13,947 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $12,511 | — | $12,511 |
| GROOM LAW GROUP | ERISA Attorney | $9,935 | — | $9,935 |
| STOEL RIVES LLP | ERISA Attorney | $8,593 | — | $8,593 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- ALIGHT SOLUTIONS LLC — Recordkeeper
- LUTZ & COMPANY, PC — Auditor
- MILLIMAN USA — Recordkeeper
- GROOM LAW GROUP — ERISA Attorney
- STOEL RIVES LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,296,580
- Estimated Expense Ratio: 0.103% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $8,857,026 | — | $3,205,642 | $62,500 | — |
| 2023 | $29,350,113 | — | $3,727,952 | $73,200 | — |
| 2022 | $200,996 | — | — | — | $114,844 |