2023 Form 5500 filing — Burroughs 401(K) Plan

Plain-English filing summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240927155637NAL0002506401002) for Burroughs 401(K) Plan, reported by Burroughs, Inc. under EIN 01-0941129 and plan number 001. It reports 1,088 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$38.9MReported net assets$38,881,711
Participants1.1K1,088
Provider compensation$170.9K3 Schedule C row(s)$170,949
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20240927155637NAL0002506401002
Plan sponsor
Burroughs, Inc.
EIN
01-0941129
Plan number
001
Location
Farmington Hills, MI
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$38.9M total assets
Net assets$38.9MLiabilities
Money in vs. money out
Total income / additions$9.9M
Total expenses$5M
Benefits paid / distributions$4.8M
Contributions
Employer$401K
Participant$3.2M
Full reported line items
Total assets (EOY)
$38,881,711
Net assets (EOY)
$38,881,711
Employer contributions
$400,953
Participant contributions
$3,200,123
Total income / additions
$9,898,482
Benefits paid
$4,781,322
Administrative expenses
$170,949
Total expenses
$4,952,271
Net increase / (decrease)
$4,946,211
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    RECORD KEEPER · Direct $119.9K · Indirect $0
  2. 2
    CONSULTING · Direct $51.1K
  3. 3
    SECURITIES BROKER · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20240927155637NAL0002506401002 cover?
It is the 2023 Form 5500 filing for Burroughs 401(K) Plan, reported by Burroughs, Inc. (EIN 01-0941129).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages