Plan Snapshot
- Plan Sponsor: Burns Engineering, INC.
- Sponsor EIN: 231602491
- Sponsor Address: TWO COMMERCE SQUARE, PHILADELPHIA, PA, 19103
- Plan Type: 401(k)
- Total Participants: 339
- Total Assets: $66.4M
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 | 339 | $66.4M | $1.1M | $4.2M |
| 2023 | 334 | $54.2M | $1.0M | $3.8M |
| 2022 | 291 | $44.0M | $883,414 | $3.2M |
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 |
|---|---|---|---|---|
| BPAS | NONE | $118,204 | — | $118,204 |
| KREISCHER MILLER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BPAS — NONE
- KREISCHER MILLER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,204
- Estimated Expense Ratio: 0.178% 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 | $118,204 | — | — | — | — |
| 2023 | $101,505 | — | — | — | — |
| 2022 | $94,011 | $50,031 | $43,980 | — | — |