Burnips Equipment Company 401(K) Plan — Form 5500 plan (Burnips Equipment Company)
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, Burnips Equipment Company 401(K) Plan is a benefit plan reported by Burnips Equipment Company under EIN 38-1992969 and plan number 001. The latest loaded filing year is 2023. The filing reports 155 participants and $5,813,072 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Burnips Equipment Company
- EIN
- 38-1992969
- Plan number
- 001
- Plan type
- 2
- Location
- Dorr, MI
- Latest filing year
- 2023
- Participants
- 155
- End-of-year plan assets
- $5,813,072
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 155 | H, C | 20240730093527NAL0020465649001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,813,072
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,813,072
- Net assets (BOY)
- $4,196,619
Income & contributions
- Employer contributions
- $316,784
- Participant contributions
- $702,119
- Total contributions
- $1,290,139
- Total income / additions
- $2,026,839
Expenses & distributions
- Benefits paid
- $380,080
- Administrative expenses
- $30,306
- Total expenses
- $410,386
- Net increase / (decrease)
- $1,616,453
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Innovia Wealth, LLC | NONE | $14,794 | not reported in the loaded dataset | 2023 |
| Sentinel Benefits Group, LLC | NONE | $14,638 | not reported in the loaded dataset | 2023 |