Plan Snapshot
- Plan Sponsor: Burr & Forman LLP
- Sponsor EIN: 630322727
- Sponsor Address: 420 NORTH 20TH SUITE 3400, BIRMINGHAM, AL, 35203
- Plan Type: 401(k)
- Total Participants: 97
- Total Assets: $5.7M
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 | 97 | $5.7M | $314,590 | $1.0M |
| 2023 | 82 | $4.6M | $250,860 | $929,684 |
| 2022 | 82 | $3.5M | $212,393 | $1.1M |
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 |
|---|---|---|---|---|
| KASSOUF & CO | 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 | $8,172 | $1,225 | — | — | — |
| 2023 | $4,450 | $1,301 | — | — | — |
| 2022 | $3,685 | $1,392 | $2,293 | — | — |