Plan Ledger DOL Form 5500 · updated monthly

Burnham Holdings, Inc.401(k)

BURNHAM HOLDINGS, INC. SAVINGS PLAN A · LANCASTER, PA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Burnham Holdings, Inc. reported $75,339 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $2,270 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 rose from 0.08% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 643rd-largest of 3,651 plans among Pennsylvania employers on file, and the 246th of 786 in management of companies. In 2024, employees put in $2.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$67,022,938
Participants with balances528
Active participants467
Employer contributions$1,060,218
Employee contributions$2,886,684
Employer contribution per active participant$2,270
Average account balance$126,937
Benefits paid to participants$7,384,784
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$67.0M · 528 accts · $1.1M emplr
2023$61.1M · 639 accts · $1.0M emplr
2022$53.8M · 614 accts · $814K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,416
Investment management$39,923
Total administrative$75,339
The Burnham Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$2,270
Median for plans this size$3,635
2024$2,270 per active participant
2023$2,168 per active participant
2022$1,696 per active participant

Burnham Holdings, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. 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 · 20243
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$39,923
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$35,416
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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 history3
2024$75,339 · 0.12%
2023$52,382 · 0.09%
2022$49,895 · 0.08%
All plans at this employer2
BURNHAM HOLDINGS, INC. SAVINGS PLAN A401(k)
BURNHAM HOLDINGS, INC. SAVINGS PLAN B401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 421561863 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.