Plan Snapshot
- Plan Sponsor: Burlington Automotive Group
- Sponsor EIN: 232985205
- Sponsor Address: 4428 ROUTE 130, BURLINGTON, NJ, 08016
- Plan Type: 401(k)
- Total Participants: 334
- Total Assets: $14.7M
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 | 334 | $14.7M | $301,904 | $1.6M |
| 2023 | 304 | $12.5M | $308,547 | $1.6M |
| 2022 | 275 | $8.9M | $288,336 | $1.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $27,631 | — | $27,631 |
| LEGACY RETIREMENT SOLUTIONS LLC | CONTRACT ADMINISTRATOR | $11,225 | $9,867 | $21,092 |
| LPL FINANCIAL LLC | OTHER SERVICES | — | $18,041 | $18,041 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — OTHER SERVICES
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,764
- Estimated Expense Ratio: 0.455% 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 | $38,891 | — | $38,891 | — | — |
| 2023 | $54,180 | — | $38,605 | $15,575 | — |
| 2022 | $28,989 | — | $28,374 | — | $615 |