# Burke & Herbert Bank 401(k) Plan
Source: https://planprovider.pro/companies/burke-herbert-bank-401k-plan

> Burke & Herbert Bank's 401(k) plan: 352 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| STRATEGIC ADVISORS, INC.|ADVISOR|$20,332|—|$20,332|

| INSTITUTIONAL INVESTMENT CONSULTIN|ADVISOR|$20,000|—|$20,000|

| YOUNT, HYDE & BARBOUR, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [YOUNT, HYDE & BARBOUR, P.C.](https://planprovider.pro/provider/yount-hyde-and-barbour-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $40,332

- **Estimated Expense Ratio:** 0.060% 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|$16,522|$40,332|$300|—|—|

| 2023|$32,872|$49,211|—|—|—|

| 2022|$40,011|$27,843|—|—|—|

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