Plan Snapshot
- Plan Sponsor: Burns Industrial Equipment, INC.
- Sponsor EIN: 251232695
- Sponsor Address: 210 THORN HILL ROAD, WARRENDALE, PA, 15086
- Plan Type: 401(k)
- Total Participants: 238
- Total Assets: $30.8M
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 | 238 | $30.8M | $408,089 | $1.5M |
| 2023 | 239 | $27.5M | $366,203 | $1.4M |
| 2022 | 221 | $23.8M | $317,235 | $1.2M |
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 |
|---|---|---|---|---|
| SCHNEIDER, DOWNS & CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHNEIDER, DOWNS & CO. — 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 | $83,337 | $75,817 | $7,520 | — | — |
| 2023 | $58,206 | $52,906 | $5,300 | — | — |
| 2022 | $57,801 | — | — | — | $57,801 |