Plan Snapshot
- Plan Sponsor: Burrow Global, LLC
- Sponsor EIN: 371619755
- Sponsor Address: 350 PINE STREET, SUITE 1000, BEAUMONT, TX, 77701
- Plan Type: 401(k)
- Total Participants: 427
- Total Assets: $29.2M
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 | 427 | $29.2M | $213,628 | $2.2M |
| 2023 | 352 | $28.4M | $174,077 | $1.8M |
| 2022 | 328 | $24.9M | $169,831 | $1.7M |
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 ADVISORY GROUP, LLC | Investment Advisor | $42,864 | — | $42,864 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $30,334 | — | $30,334 |
| KESTRA ADVISORY SERVICES LLC | Investment Advisor | $13,368 | — | $13,368 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,566
- Estimated Expense Ratio: 0.297% 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 | $86,566 | $56,232 | — | — | — |
| 2023 | $79,180 | $41,121 | — | — | — |
| 2022 | $60,410 | — | $60,410 | — | — |