Plan Snapshot
- Plan Sponsor: Burnette Foods, INC.
- Sponsor EIN: 381891327
- Sponsor Address: PO BOX 128, ELK RAPIDS, MI, 496290128
- Plan Type: 401(k)
- Total Participants: 303
- Total Assets: $13.8M
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 | 303 | $13.8M | $293,124 | $746,618 |
| 2023 | 309 | $12.7M | $281,259 | $706,015 |
| 2022 | 305 | $10.6M | $262,344 | $656,884 |
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 |
|---|---|---|---|---|
| DGN, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DGN, LLC — 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 | $68,213 | — | $68,213 | — | — |
| 2023 | $63,693 | — | $63,693 | — | — |
| 2022 | $62,243 | — | $62,243 | — | — |