Plan Snapshot
- Plan Sponsor: Burgerbusters INC.
- Sponsor EIN: 541398762
- Sponsor Address: 2242 W. GREAT NECK ROAD, VIRGINIA BEACH, VA, 23451
- Plan Type: 401(k)
- Total Participants: 694
- Total Assets: $5.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 694 | $5.7M | $88,751 | $621,304 |
| 2023 | 691 | $5.1M | $89,102 | $590,495 |
| 2022 | 1,490 | $4.2M | $96,451 | $512,769 |
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 |
|---|---|---|---|---|
| ELLIOTT DAVIS, PLLC | Auditor | $20,189 | — | $20,189 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT DAVIS, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,189
- Estimated Expense Ratio: 0.355% 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 | $69,117 | — | $48,928 | $20,189 | — |
| 2023 | $74,676 | $16,732 | $40,444 | $17,500 | — |
| 2022 | $51,785 | $25,915 | $25,870 | — | — |