401k Plan data: BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN plan

BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BURNS AND BURNS ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name: BURNS AND BURNS ASSOCIATES, INC.

Employer identification number (EIN): 251124166

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-09-01 SCOTT E. BURNS 2024-01-25
001 2021-09-01 SCOTT E. BURNS 2023-05-23
001 2020-09-01
001 2019-09-01
001 2017-09-01
001 2013-09-01
001 2012-09-01 H. E. BURNS 2014-05-23 H. E. BURNS 2014-05-23
001 2011-09-01 SCOTT E. BURNS 2013-05-15 SCOTT E. BURNS 2013-05-15
001 2010-09-01 H EUGENE BURNS 2012-12-18 H EUGENE BURNS 2012-12-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-09-01	SCOTT E. BURNS	2024-01-25
001	2021-09-01	SCOTT E. BURNS	2023-05-23
001	2020-09-01
001	2019-09-01
001	2017-09-01
001	2013-09-01
001	2012-09-01	H. E. BURNS	2014-05-23	H. E. BURNS	2014-05-23
001	2011-09-01	SCOTT E. BURNS	2013-05-15	SCOTT E. BURNS	2013-05-15
001	2010-09-01	H EUGENE BURNS	2012-12-18	H EUGENE BURNS	2012-12-18

Plan Statistics for BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year 2025-06-10 55
Total number of particpants at end of year 2025-06-10 59
Number of Participants With Account Balances 2025-06-10 38

Measure	Date	Value
2025: BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year	2025-06-10	55
Total number of particpants at end of year	2025-06-10	59
Number of Participants With Account Balances	2025-06-10	38

Financial Data on BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2025 : BURNS AND BURNS ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year	2025-06-10	0
Total expenses incurred by plan in this plan year	2025-06-10	270778
Net assets as of the end of the plan year	2025-06-10	2606340
Total assets as of the beginning of the plan year	2025-06-10	2377119
Value of plan covered by a fidelity bond	2025-06-10	500000
Participant contributions to plan in this plan year	2025-06-10	131590
Other income to plan in this plan year	2025-06-10	308438
Plan net income in this plan year	2025-06-10	229221
Net assets as of the end of the plan year	2025-06-10	2606340
Net assets as of the beginning of the plan year	2025-06-10	2377119
Employer contributions to plan in this plan year	2025-06-10	59971
Expensese paid to adminstrative service provicers from plan in this plan year	2025-06-10	1889

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Company Name:	BURNS AND BURNS ASSOCIATES, INC.
Employer identification number (EIN):	251124166
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages