Plan Ledger DOL Form 5500 · updated monthly

Dennis K. Burke, Inc.401(k)

DENNIS K. BURKE, INC. PROFIT SHARING AND 401(K) PLAN · TAUNTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Dennis K. Burke, Inc. reported $78,822 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3,303 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 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,242nd-largest of 2,726 plans among Massachusetts employers on file, and the 1,796th of 4,246 in wholesale trade. In 2024, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,453,224
Participants with balances161
Active participants160
Employer contributions$528,484
Employee contributions$1,206,871
Employer contribution per active participant$3,303
Average account balance$133,250
Benefits paid to participants$872,042
Plan auditUnmodified (clean) audit opinion
AuditorTONNESON + CO
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 161 accts · $528K emplr
2023$18.2M · 148 accts · $488K emplr
2022$17.4M · 139 accts · $426K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,822
Total administrative$78,822
The Dennis K. Burke, Inc. 401(k) match · 2024
Employer contribution per active participant$3,303
Median for plans this size$2,416
2024$3,303 per active participant
2023$3,250 per active participant
2022$2,881 per active participant

Dennis K. Burke, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$78,822
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
CORBCO INC · Other servicesindirect comp
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$78,822 · 0.40%
2023$68,620 · 0.39%
2022$79,416 · 0.42%
Same employer
Similar plansWholesale Trade · Massachusetts
Rex Lumber Company MA$22.9M · 0.47%
Yusen Associates, Inc. MA$22.8M · 0.44%
D.B. Roberts, Inc. MA$20.7M · 0.20%
Pure Encapsulations, Inc. MA$19.8M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042275626 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.