Plan Snapshot
- Plan Sponsor: Burgaflex North America, LLC
- Sponsor EIN: 383613953
- Sponsor Address: 1101 COPPER AVENUE, FENTON, MI, 48430
- Plan Type: 401(k)
- Total Participants: 292
- Total Assets: $2.9M
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 | 292 | $2.9M | $165,759 | $621,184 |
| 2023 | 259 | $2.0M | $136,273 | $576,715 |
| 2022 | 305 | $946,233 | $0 | $445,591 |
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 |
|---|---|---|---|---|
| VOYA RETIRMENT INS AND ANNUITY CO | Other Service Provider | $23,621 | — | $23,621 |
| MBC RETIREMENT SERVICES, INC. | Recordkeeper | $8,006 | — | $8,006 |
| EQUITABLE ADVISORS, LLC | Other Service Provider | — | $5,505 | $5,505 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,132
- Estimated Expense Ratio: 1.279% 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 | $31,627 | — | $31,627 | — | — |
| 2023 | $25,309 | — | $25,309 | — | — |
| 2022 | $27,502 | — | $27,502 | — | — |