Plan Snapshot
- Plan Sponsor: Burke & Herbert Bank
- Sponsor EIN: 540155785
- Sponsor Address: 100 S FAIRFAX ST, ALEXANDRIA, VA, 22314
- Plan Type: 401(k)
- Total Participants: 352
- Total Assets: $67.5M
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 | 352 | $67.5M | $998,944 | $3.0M |
| 2023 | 403 | $60.7M | $1.1M | $3.1M |
| 2022 | 413 | $51.7M | $1.1M | $3.0M |
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 |
|---|---|---|---|---|
| YOUNT, HYDE & BARBOUR, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YOUNT, HYDE & BARBOUR, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $16,522 | $40,332 | $300 | — | — |
| 2023 | $32,872 | $49,211 | — | — | — |
| 2022 | $40,011 | $27,843 | — | — | — |