Plan Ledger DOL Form 5500 · updated monthly

Burris Logistics401(k)

BURRIS LOGISTICS RETIREMENT PLAN · MILFORD, DE · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Burris Logistics reported $124,481 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,995 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 0.19% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 35th-largest of 242 plans among Delaware employers on file, and the 406th of 4,246 in wholesale trade. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has shrunk from 1,059 to 836 since 2022.

Plan summary
Net assets, end of year$101,131,925
Participants with balances1,260
Active participants836
Employer contributions$3,339,827
Employee contributions$5,217,751
Employer contribution per active participant$3,995
Average account balance$80,263
Benefits paid to participants$15,218,076
Plan auditUnmodified (clean) audit opinion
AuditorFAW CASSON & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$101.1M · 1,260 accts · $3.3M emplr
2023$95.0M · 1,842 accts · $4.1M emplr
2022$80.6M · 1,555 accts · $4.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,481
Total administrative$124,481
The Burris Logistics 401(k) match · 2024
Employer contribution per active participant$3,995
Median for plans this size$3,635
2024$3,995 per active participant
2023$4,442 per active participant
2022$4,172 per active participant

Burris Logistics's 2024 employer contribution ran above 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$124,481

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$124,481 · 0.13%
2023$119,520 · 0.14%
2022$178,158 · 0.19%
Same employer
Similar plansWholesale Trade · Delaware
Gosiger Holdings, Inc. OH$101.6M · 0.17%
A. M. Castle & Co. IL$101.5M · 0.16%
Floworks International LLC TX$101.3M · 0.02%
Subaru Distributors Corp NY$101.0M · 0.10%
Dead River Company ME$100.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521518037 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.