Plan Snapshot
- Plan Sponsor: Burr Oak Tool INC.
- Sponsor EIN: 381218471
- Sponsor Address: 405 WEST SOUTH STREET, STURGIS, MI, 49091
- Plan Type: 401(k)
- Total Participants: 338
- Total Assets: $73.3M
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 | 338 | $73.3M | $2.4M | $3.2M |
| 2023 | 353 | $69.9M | $2.4M | $3.2M |
| 2022 | 339 | $64.8M | $2.3M | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $47,708 | — | $47,708 |
| MORGAN STANLEY | INVESTMENT ADVISOR | $35,892 | — | $35,892 |
| P&M HOLDING GROUP LLP DBA PLANTE & | AUDITOR | $19,500 | — | $19,500 |
| PLANTE & MORAN, PLLC | Auditor | $19,500 | — | $19,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — INVESTMENT ADVISOR
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,600
- Estimated Expense Ratio: 0.167% 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 | $165,810 | $35,892 | — | $19,500 | — |
| 2023 | $95,300 | $26,250 | $53,050 | $16,000 | — |
| 2022 | $104,946 | — | $49,284 | — | — |