Berkshire Corporation 401(K) Savings Plan — Form 5500 plan (Berkshire Corporation)
Plain-English plan 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, Berkshire Corporation 401(K) Savings Plan is a benefit plan reported by Berkshire Corporation under EIN 04-2427154 and plan number 001. The latest loaded filing year is 2023. The filing reports 165 participants and $13,261,049 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$13.3MPlan net assets, end of year$13,261,049
Participants165Covered participants reported
Assets / participant$80.4KComputed: assets ÷ participants$80,370 (computed)
Provider compensation$64.9K2 Schedule C provider row(s)$64,933
- Plan sponsor
- Berkshire Corporation
- EIN
- 04-2427154
- Plan number
- 001
- Plan type
- 2
- Location
- Gt Barrington, MA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 165 | H, C | 20241014120900NAL0013253731001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$13.3M total assets
Net assets$13.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $13,261,049
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,261,049
- Net assets (BOY)
- $11,155,922
Income & contributions
- Employer contributions
- $293,175
- Participant contributions
- $904,124
- Total contributions
- $1,320,463
- Total income / additions
- $2,986,291
Expenses & distributions
- Benefits paid
- $823,993
- Administrative expenses
- $45,158
- Total expenses
- $881,164
- Net increase / (decrease)
- $2,105,127
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
24%76%
Employer 24%Participant 76%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income28%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $45,157 | $0 | 2023 |
| S B H U Life Agency Inc | OTHER SERVICES | $0 | $19,776 | 2023 |