Retirement plan

THE BURKE GROUP 401(K) PROFIT SHARING PLAN

Name: THE BURKE GROUP, LTD. - THE BURKE GROUP 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: THE BURKE GROUP, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BURKE GROUP 401(K) PROFIT SHARING PLAN, THE BURKE GROUP, LTD.

THE BURKE GROUP, LTD.EIN 36-3747083Plan #001PY 2024

9575 W. HIGGINS ROAD SUITE 600 - ROSEMONT, IL 60018847-823-0500

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$138.1M

+17.6% from 2023

Total participants

572

+7.1% from 2023

Average account balance

$244,391

+10.3% from 2023

Annual return

15.89%

-3.26 pp from 2023

Benchmarks

See 3,310 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,310 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$138.08M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$244K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

565

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.89%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$502

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$74,314
BAIRD FUNDS1 year Filed as: ROBERT J TOTH JR DBA LAW OFFICE OF Service code 29 PO BOX 10719 · FORT WAYNE, IN 46853	Legal	$62,595
AMERIPRISE FINANCIAL SERVICES INC5 years Filed as: AMERIPRISE FINANCIAL SERVICES LLC Service code 27 70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Advisory (Plan)	$56,250
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$42,771
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ CPAS P.C. Service code 10 225 W WACKER DR STE 2500 · CHICAGO, IL 60606	Accounting	$26,229
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERIPRISE FINANCIAL INC DBA COLUMB Service code 27 70911 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Advisory (Plan)	$18,750
DATASMITH LLC2 years Service code 99 593 SKIPPACK PIKE, STE 400 · BLUE BELL, PA 19422	Other Fees	$2,750

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H2U

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$284K

$609 / participant

Recordkeeping$74K26.2%
Investment mgmt$118K41.5%
Legal$63K22.1%
Other / not subdivided$29K10.2%

% of EOY assets

0.205%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $26,229
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$244,391

$106,110+130.3%

$147,005+66.2%

$77,671+214.6%

Participation rate

98.5%

78.4%+20.1pp

82.2%+16.3pp

70.6%+27.9pp

Annual return

15.89%

56.77%-40.9pp

418.76%-402.9pp

31.21%-15.3pp

Employer contribution / active EE

$3,499

$4,065-13.9%

$4,934-29.1%

$2,726+28.4%

Participant deferral / active EE

$11,997

$7,992+50.1%

$8,070+48.7%

$4,648+158.1%

Admin fee / account holder

$502

$338+48.7%

$13,006-96.1%

$430+16.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$74,314

BAIRD FUNDS1 year

Filed as: ROBERT J TOTH JR DBA LAW OFFICE OF

Service code 29

PO BOX 10719 · FORT WAYNE, IN 46853

Legal

$62,595

AMERIPRISE FINANCIAL SERVICES INC5 years

Filed as: AMERIPRISE FINANCIAL SERVICES LLC

Service code 27

70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Advisory (Plan)

$56,250

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$42,771

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ CPAS P.C.

Service code 10

225 W WACKER DR STE 2500 · CHICAGO, IL 60606

Accounting

$26,229

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERIPRISE FINANCIAL INC DBA COLUMB

Service code 27

70911 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Advisory (Plan)

$18,750

DATASMITH LLC2 years

Service code 99

593 SKIPPACK PIKE, STE 400 · BLUE BELL, PA 19422

Other Fees

$2,750

THE BURKE GROUP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BURKE GROUP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion