Plan Snapshot
- Plan Sponsor: Burris Company, Incorporated
- Sponsor EIN: 133239648
- Sponsor Address: 1015 39TH AVENUE, GREELEY, CO, 80634
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $12.1M
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 | 82 | $12.1M | $518,924 | $372,805 |
| 2023 | 93 | $12.3M | $588,467 | $435,800 |
| 2022 | 119 | $10.7M | $633,559 | $478,296 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | NONE | $52,895 | — | $52,895 |
| ANDERSON & WHITNEY, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,895
- Estimated Expense Ratio: 0.438% 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 | $52,895 | — | $48,478 | — | — |
| 2023 | $41,790 | — | $37,391 | — | — |
| 2022 | $42,041 | — | — | — | — |