Plan Snapshot
- Plan Sponsor: Burnips Equipment Company
- Sponsor EIN: 381992969
- Sponsor Address: 3073 142ND AVE, DORR, MI, 49323
- Plan Type: 401(k)
- Total Participants: 157
- Total Assets: $7.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 157 | $7.3M | $339,847 | $765,278 |
| 2023 | 151 | $5.8M | $316,784 | $702,119 |
| 2022 | 132 | $4.2M | $250,563 | $578,915 |
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 |
|---|---|---|---|---|
| EQUIPMENT DEALER CONSULTING, LLC | Auditor | — | — | $0 |
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 | $50,344 | $25,575 | — | — | — |
| 2023 | $30,306 | $14,794 | — | — | — |
| 2022 | $5,792 | $1,707 | $4,085 | — | — |