Plan Snapshot
- Plan Sponsor: Burns Kull, INC. Dba Burns Honda
- Sponsor EIN: 222491857
- Sponsor Address: 325 N RT 73 SUITE B, MARLTON, NJ, 08053
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $10.0M
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 | 143 | $10.0M | $317,029 | $619,851 |
| 2023 | 123 | $8.7M | $318,550 | $597,694 |
| 2022 | 50 | $4.8M | $72,772 | $255,074 |
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 |
|---|---|---|---|---|
| BOYER & RITTER 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 | $19,265 | — | $19,265 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |