Plan Ledger DOL Form 5500 · updated monthly

Burkes Mechanical, Inc.401(k)

BURKES MECHANICAL, INC. 401(K) PLAN · BRENT, AL · plan year 2024

Reported admin expense ratio · 2024
0.36%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Burkes Mechanical, Inc. reported $93,170 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $422 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.42% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 236th-largest of 902 plans among Alabama employers on file, and the 1,617th of 5,337 in construction. In 2024, employees put in $7.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,739,608
Participants with balances312
Active participants617
Employer contributions$260,473
Employee contributions$1,910,405
Employer contribution per active participant$422
Average account balance$88,909
Benefits paid to participants$1,265,427
Plan auditUnmodified (clean) audit opinion
AuditorJONES & KIRKPATRICK, PC
Plan history3
Yearassets · accounts · employer contribution
2024$27.7M · 312 accts · $260K emplr
2023$23.5M · 336 accts · $271K emplr
2022$20.0M · 341 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,170
Total administrative$93,170
The Burkes Mechanical, Inc. 401(k) match · 2024
Employer contribution per active participant$422
Median for plans this size$2,416
2024$422 per active participant
2023$448 per active participant
2022$426 per active participant

Burkes Mechanical, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
TRUEWEALTH ADVISORS LLC · Investment advisory (plan)$45,921
ENVESTNET RETIREMENT SOLUTIONS · Investment advisory (plan)$12,188
ERISA SERVICES INC · Contract administrator$12,150
EMPOWER ADVISORY GROUP, LLC · Investment management$2,880

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$93,170 · 0.36%
2023$73,383 · 0.34%
2022$91,090 · 0.42%
Same employer
Similar plansConstruction · Alabama
Scott Bridge Company, Inc. AL$30.6M · 0.44%
Pose Group, Inc. AL$23.0M · 0.04%
McAbee Construction, Inc. AL$22.8M · 0.38%
Russell Lands, Inc. AL$20.6M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630934099 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.