Retirement plan

BURGESS INFORMATION SYSTEMS INC. EMPLOYEES SAVINGS TRUST

Name: BURGESS INFORMATION SYSTEMS INC. - BURGESS INFORMATION SYSTEMS INC. EMPLOYEES SAVINGS TRUST (2024) Form 5500
Creator: BURGESS INFORMATION SYSTEMS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURGESS INFORMATION SYSTEMS INC. EMPLOYEES SAVINGS TRUST, BURGESS INFORMATION SYSTEMS INC.

BURGESS INFORMATION SYSTEMS INC.EIN 58-1966314Plan #001PY 2024

1267 PROFESSIONAL PARKWAY - GAINESVILLE, GA 305078705678-248-3112LinkedIn1-10 employeesinformation technology and services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$24.8M

+10.0% from 2023

Total participants

310

+2.3% from 2023

Average account balance

$99,675

+10.0% from 2023

Annual return

13.02%

-78.29 pp from 2023

Benchmarks

See 611 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort611 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.82M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

249

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.

78.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$416

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY7 years Service code 27 1300 THAMES ST · BALTIMORE, MD 212313496	Advisory (Plan)	$56,772
CPI QUALIFIED PLAN CONSULTANTS, INC10+ years Service code 15 · EIN 48-1205033	Recordkeeping	$52,407

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$104K

$370 / participant

Recordkeeping$37K35.4%
Investment mgmt$51K49.4%
Contract admin$16K15.3%

% of EOY assets

0.417%

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: WINDHAM BRANNON
Auditor EIN: 581763439
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,675

$90,064+10.7%

$100,415-0.7%

$77,762+28.2%

Participation rate

78.2%

81.3%-3.1pp

81.5%-3.3pp

70.6%+7.6pp

Annual return

13.02%

20.61%-7.6pp

49.47%-36.5pp

31.27%-18.2pp

Employer contribution / active EE

$2,126

$3,043-30.2%

$3,943-46.1%

$2,728-22.1%

Participant deferral / active EE

$5,230

$8,282-36.8%

$8,091-35.4%

$4,651+12.5%

Admin fee / account holder

$416

$172+141.6%

$7,906-94.7%

$433-4.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY7 years

Service code 27

1300 THAMES ST · BALTIMORE, MD 212313496

Advisory (Plan)

$56,772

CPI QUALIFIED PLAN CONSULTANTS, INC10+ years

Service code 15 · EIN 48-1205033

Recordkeeping

$52,407

BURGESS INFORMATION SYSTEMS INC. EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURGESS INFORMATION SYSTEMS INC. EMPLOYEES SAVINGS TRUST

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