Plan Ledger DOL Form 5500 · updated monthly

Burningham Enterprises, Inc401(k)

BURNINGHAM ENTERPRISES, INC. RETIREMENT PLAN · AMERICAN FORK, UT · plan year 2022

Employer contribution per participant · 2022
$633

Burningham Enterprises, Inc's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,360,340 across 33 participant accounts, with employer contributions averaging $633 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Utah (782nd of 848), and 2,234th of 2,677 in transportation & warehousing. In 2022, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,360,340
Participants with balances33
Active participants136
Employer contributions$86,052
Employee contributions$125,449
Employer contribution per active participant$633
Average account balance$41,222
Benefits paid to participants$39,205
Plan auditUnmodified (clean) audit opinion
AuditorSQUIRE & COMPANY, PC
The Burningham Enterprises, Inc 401(k) match · 2022
Employer contribution per active participant$633
Median for plans this size$1,114

Burningham Enterprises, Inc's 2022 employer contribution ran below the $1,114 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 870456108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.