Plan Ledger DOL Form 5500 · updated monthly

Burnette Foods, Inc.401(k)

BURNETTE FOODS, INC. 401(K) PLAN · ELK RAPIDS, MI · plan year 2025

Reported admin expense ratio · 2025
0.54%

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

Burnette Foods, Inc. reported $78,407 in plan administrative expenses for 2025: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,005 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 4 years on file its reported administrative ratio has held roughly steady near 0.535%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,230th-largest of 2,619 plans among Michigan employers on file, and 6,961st of 13,661 in manufacturing. In 2025, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,467,152
Participants with balances174
Active participants315
Employer contributions$316,596
Employee contributions$800,019
Employer contribution per active participant$1,005
Average account balance$88,892
Benefits paid to participants$1,226,987
Plan auditUnmodified (clean) audit opinion
AuditorDGN, LLC
Plan history4
Yearassets · accounts · employer contribution
2025$15.5M · 174 accts · $317K emplr
2024$13.8M · 182 accts · $293K emplr
2023$12.7M · 190 accts · $281K emplr
2022$10.6M · 188 accts · $262K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$78,407
Total administrative$78,407
The Burnette Foods, Inc. 401(k) match · 2025
Employer contribution per active participant$1,005
Median for plans this size$2,666
2025$1,005 per active participant
2024$967 per active participant
2023$910 per active participant
2022$860 per active participant

Burnette Foods, Inc.'s 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$78,406
CETERA WEALTH SERVICES LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025$78,407 · 0.54%
2024$68,213 · 0.51%
2023$63,693 · 0.55%
2022$62,243 · 0.54%
Similar plansManufacturing · Michigan
Pti Engineered Plastics Inc MI$15.6M · 0.08%
Depatie Fluid Power Company MI$15.5M · 0.23%
Sk Siltron Css, LLC MI$15.4M · 0.18%
Floracraft, Inc. MI$15.4M · 0.18%
Arvco Container Corporation MI$15.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381891327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.