# Berkshire Systems Group, INC 401(k) Plan
Source: https://planprovider.pro/companies/berkshire-systems-group-inc-401k-plan

> Berkshire Systems Group, INC's 401(k) plan: 145 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/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|—|—|

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