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BURKE GROUP 401(K) PLAN 401k Plan overview

Plan NameBURKE GROUP 401(K) PLAN
Plan identification number 001

BURKE GROUP 401(K) 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.
  • 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

THE BURKE GROUP OF ROCHESTER, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE BURKE GROUP OF ROCHESTER, INC.
Employer identification number (EIN):450677056
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BURKE GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01BRIAN J. SCHIEDEL2024-07-18
0012023-01-01BRIAN J. SCHIEDEL2024-07-15
0012022-01-01BRIAN J. SCHIEDEL2023-07-18
0012021-01-01BRIAN J. SCHIEDEL2022-06-09
0012020-01-01BRIAN J. SCHIEDEL2021-06-23
0012019-01-01BRIAN J. SCHIEDEL2020-07-07
0012018-01-01BRIAN J. SCHIEDEL2019-07-15
0012017-01-01BRIAN J. SCHIEDEL2018-07-16
0012016-01-01BRIAN J. SCHIEDEL2017-07-11
0012015-01-01BRIAN J. SCHIEDEL2016-07-12
0012014-01-01BRIAN J. SCHIEDEL2015-07-16
0012013-01-01BRIAN J. SCHIEDEL2014-07-08
0012012-01-01BRIAN SCHIEDEL2013-07-25
0012011-06-17BRIAN SCHIEDEL2012-07-31

Plan Statistics for BURKE GROUP 401(K) PLAN

401k plan membership statisitcs for BURKE GROUP 401(K) PLAN

Measure Date Value
2024: BURKE GROUP 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-1817
Total number of particpants at end of year2024-07-180
Number of Participants With Account Balances2024-07-180
Total number of particpants at beginning of year2024-07-1517
Total number of particpants at end of year2024-07-1515
Number of Participants With Account Balances2024-07-1515
2022: BURKE GROUP 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-0916
Total number of particpants at end of year2022-06-0917
Number of Participants With Account Balances2022-06-0917

Financial Data on BURKE GROUP 401(K) PLAN

Measure Date Value
2024 : BURKE GROUP 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-188043544
Net assets as of the end of the plan year2024-07-180
Total assets as of the beginning of the plan year2024-07-187701741
Value of plan covered by a fidelity bond2024-07-18500000
Other income to plan in this plan year2024-07-18207064
Plan net income in this plan year2024-07-18-7701741
Net assets as of the end of the plan year2024-07-180
Net assets as of the beginning of the plan year2024-07-187701741
Employer contributions to plan in this plan year2024-07-18134739
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-182110
Total expenses incurred by plan in this plan year2024-07-15995669
Net assets as of the end of the plan year2024-07-157701741
Total assets as of the beginning of the plan year2024-07-157109717
Value of plan covered by a fidelity bond2024-07-15500000
Participant contributions to plan in this plan year2024-07-15256020
Value of participant loans at end of plan year2024-07-1540486
Other income to plan in this plan year2024-07-151198645
Plan net income in this plan year2024-07-15592024
Net assets as of the end of the plan year2024-07-157701741
Net assets as of the beginning of the plan year2024-07-157109717
Employer contributions to plan in this plan year2024-07-15133028
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-151033
2022 : BURKE GROUP 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-090
Total expenses incurred by plan in this plan year2022-06-090
Net assets as of the end of the plan year2022-06-098266634
Total assets as of the beginning of the plan year2022-06-096571652
Value of plan covered by a fidelity bond2022-06-09500000
Participant contributions to plan in this plan year2022-06-09212007
Value of participant loans at end of plan year2022-06-0987745
Other contributions to plan in this plan year2022-06-097642
Other income to plan in this plan year2022-06-091348750
Plan net income in this plan year2022-06-091694982
Net assets as of the end of the plan year2022-06-098266634
Net assets as of the beginning of the plan year2022-06-096571652
Employer contributions to plan in this plan year2022-06-09126583
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-090

Potentially related plans

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