Plan Snapshot
- Plan Sponsor: Burt Process Equipment, INC.
- Sponsor EIN: 060865459
- Sponsor Address: 100 OVERLOOK DRIVE, HAMDEN, CT, 06518
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 217
- Total Assets: $21.1M
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. |
|---|---|---|---|---|
| 2025 | 217 | $21.1M | $0 | $0 |
| 2024 | 193 | $16.6M | $736,164 | $967,888 |
| 2023 | 163 | $13.8M | $872,472 | $848,586 |
| 2022 | 131 | $10.6M | $840,000 | $639,317 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $21,596 | — | $21,596 |
| THE RETIREMENT PLAN COMPANY,L | Recordkeeper | $5,035 | — | $5,035 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,631
- Estimated Expense Ratio: 0.126% 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 |
|---|---|---|---|---|---|
| 2025 | $877,523 | $3,438 | $2,990 | — | — |
| 2024 | $40,232 | $2,938 | $5,863 | — | — |
| 2023 | $7,708 | — | $7,708 | — | — |
| 2022 | $3,923 | — | $3,923 | — | — |