Plan Snapshot
- Plan Sponsor: Berkshire Systems Group, INC
- Sponsor EIN: 232218930
- Sponsor Address: 50 SOUTH MUSEUM ROAD, READING, PA, 19607
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $19.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 145 | $19.6M | $305,354 | $1.1M |
| 2023 | 133 | $19.6M | $265,718 | $1.0M |
| 2022 | 130 | $17.2M | $263,836 | $907,006 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $67,237 | — | $67,237 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $24,242 | — | $24,242 |
| HERBEIN + COMPANY, INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HERBEIN + COMPANY, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,479
- Estimated Expense Ratio: 0.466% 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 | $91,478 | $67,236 | — | — | — |
| 2023 | $84,230 | $62,039 | — | — | — |
| 2022 | $86,987 | $64,169 | $22,818 | — | — |