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BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameBURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN
Plan identification number 002

BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

BURGAFLEX NORTH AMERICA, INC. has sponsored the creation of one or more 401k plans.

Company Name:BURGAFLEX NORTH AMERICA, INC.
Employer identification number (EIN):383613953
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01KARL LERCHENFELD2023-10-13
0022021-01-01KARL LERCHENFELD2022-10-17
0022020-01-01KARL LERCHENFELD2021-09-27
0022019-01-01JOSHUA SMITH2020-10-08

Plan Statistics for BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2022: BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01290
Total number of active participants reported on line 7a of the Form 55002022-01-01305
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0187
Total of all active and inactive participants2022-01-01392
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01392
Number of participants with account balances2022-01-01323
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01358
Total number of active participants reported on line 7a of the Form 55002021-01-01224
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0166
Total of all active and inactive participants2021-01-01290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01290
Number of participants with account balances2021-01-01253
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01446
Total number of active participants reported on line 7a of the Form 55002020-01-01210
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01148
Total of all active and inactive participants2020-01-01358
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01358
Number of participants with account balances2020-01-01320
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01368
Total number of active participants reported on line 7a of the Form 55002019-01-01307
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01129
Total of all active and inactive participants2019-01-01436
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01436
Number of participants with account balances2019-01-01376
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2022 : BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$293,202
Total of all expenses incurred2022-12-31$215,816
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$188,314
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$447,796
Value of total assets at end of year2022-12-31$946,233
Value of total assets at beginning of year2022-12-31$868,847
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$27,502
Total interest from all sources2022-12-31$1,112
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$40,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$445,591
Participant contributions at end of year2022-12-31$32,398
Participant contributions at beginning of year2022-12-31$22,076
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$5,489
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$2,205
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$77,386
Value of net assets at end of year (total assets less liabilities)2022-12-31$946,233
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$868,847
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$903,993
Value of interest in pooled separate accounts at beginning of year2022-12-31$835,310
Interest on participant loans2022-12-31$1,038
Interest earned on other investments2022-12-31$74
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$9,842
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$5,972
Net investment gain/loss from pooled separate accounts2022-12-31$-155,706
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$188,314
Contract administrator fees2022-12-31$27,502
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BDO USA, P.C.
Accountancy firm EIN2022-12-31135381590
2021 : BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$439,441
Total of all expenses incurred2021-12-31$158,082
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$114,648
Value of total corrective distributions2021-12-31$18,133
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$336,341
Value of total assets at end of year2021-12-31$868,847
Value of total assets at beginning of year2021-12-31$587,488
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$25,301
Total interest from all sources2021-12-31$981
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$40,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$336,341
Participant contributions at end of year2021-12-31$22,076
Participant contributions at beginning of year2021-12-31$9,862
Participant contributions at end of year2021-12-31$5,489
Administrative expenses (other) incurred2021-12-31$25,301
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$281,359
Value of net assets at end of year (total assets less liabilities)2021-12-31$868,847
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$587,488
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$835,310
Value of interest in pooled separate accounts at beginning of year2021-12-31$572,567
Interest on participant loans2021-12-31$934
Interest earned on other investments2021-12-31$47
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$5,972
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$5,059
Net investment gain/loss from pooled separate accounts2021-12-31$102,119
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$114,648
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BDO USA, LLP
Accountancy firm EIN2021-12-31135381590
2020 : BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$388,592
Total of all expenses incurred2020-12-31$183,816
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$101,202
Value of total corrective distributions2020-12-31$54,982
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$310,771
Value of total assets at end of year2020-12-31$587,488
Value of total assets at beginning of year2020-12-31$382,712
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$27,632
Total interest from all sources2020-12-31$343
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$40,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$308,414
Participant contributions at end of year2020-12-31$9,862
Participant contributions at beginning of year2020-12-31$5,673
Administrative expenses (other) incurred2020-12-31$27,632
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$204,776
Value of net assets at end of year (total assets less liabilities)2020-12-31$587,488
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$382,712
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$572,567
Value of interest in pooled separate accounts at beginning of year2020-12-31$374,689
Interest on participant loans2020-12-31$307
Interest earned on other investments2020-12-31$36
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$5,059
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$2,350
Net investment gain/loss from pooled separate accounts2020-12-31$77,478
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$2,357
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$101,202
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA, LLP
Accountancy firm EIN2020-12-31135381590
2019 : BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$407,634
Total of all expenses incurred2019-12-31$24,922
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$17,660
Value of total corrective distributions2019-12-31$758
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$379,662
Value of total assets at end of year2019-12-31$382,712
Value of total assets at beginning of year2019-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$6,504
Total interest from all sources2019-12-31$51
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$40,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$379,662
Participant contributions at end of year2019-12-31$5,673
Participant contributions at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$382,712
Value of net assets at end of year (total assets less liabilities)2019-12-31$382,712
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$374,689
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Interest on participant loans2019-12-31$41
Interest earned on other investments2019-12-31$10
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$2,350
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$0
Net investment gain/loss from pooled separate accounts2019-12-31$27,921
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$17,660
Contract administrator fees2019-12-31$6,504
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31ECHELBARGER, HIMEBAUGH, TAMM & CO.
Accountancy firm EIN2019-12-31382498459

Form 5500 Responses for BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN

2022: BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BURGAFLEX NORTH AMERICA 401(K) RETIREMENT SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01First time form 5500 has been submittedYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81B695
Policy instance 1
Insurance contract or identification number81B695
Number of Individuals Covered322
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81B695
Policy instance 1
Insurance contract or identification number81B695
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81B695
Policy instance 1
Insurance contract or identification number81B695
Number of Individuals Covered319
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of fees paid to insurance companyUSD $190
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees190
Additional information about fees paid to insurance brokerTPA PARTNERSHIP PROGRAM
Insurance broker organization code?5
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81B695
Policy instance 1
Insurance contract or identification number81B695
Number of Individuals Covered374
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of fees paid to insurance companyUSD $1,047
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees1047
Additional information about fees paid to insurance brokerTPA PARTNERSHIP AND ALLIANCE PROGRAMS
Insurance broker organization code?5

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