Plan Snapshot
- Plan Sponsor: Burns Machine Company
- Sponsor EIN: 363795382
- Sponsor Address: 4000 BURMAC ROAD, OTTAWA, IL, 61350
- Plan Type: 401(k)
- Total Participants: 25
- Total Assets: $2.6M
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 | 25 | $2.6M | $19,071 | $74,017 |
| 2023 | 21 | $2.3M | $18,821 | $72,591 |
| 2022 | 18 | $2.3M | $15,955 | $66,548 |