Burke & Herbert Bank 401(k) match, vesting and fees
What Burke & Herbert Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Yount, Hyde & Barbour, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 655 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Burke & Herbert Bank: employer contribution per participant | $1,966 | |
| Peer median | $2,935 |
| Burke & Herbert Bank: average balance | $132,970 | |
| Peer median | $92,770 |
| Burke & Herbert Bank: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $61.4M at the end of plan year 2021 to $67.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 514 | $67.5M | $999K | $1,966 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 555 | $60.7M | $1.1M | $2,021 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 549 | $51.7M | $1.1M | $2,020 | 0.07% | Not published | Form 5500 ↗ |
| 2021 | 519 | $61.4M | $1M | $2,022 | 0.14% | Not published | Form 5500 ↗ |
Other Burke & Herbert Bank plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Burke & Herbert Bank & Trust Company Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Conrad Siegel | Schedule C ↗ |
| Independent auditor | Yount, Hyde & Barbour, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
First Peoples Bank, Inc. Defined Benefit Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Burke & Herbert Bank match 401(k) contributions?
The match terms for the Burke & Herbert Bank & Trust Company Investment and Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $999K in employer contributions, about $1,966 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Burke & Herbert Bank 401(k) match vested?
The vesting schedule for the Burke & Herbert Bank & Trust Company Investment and Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Burke & Herbert Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Burke & Herbert Bank.
I left Burke & Herbert Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Burke & Herbert Bank, (703) 837-3896) or the recordkeeper, Fidelity Investments Institutional. The Burke & Herbert Bank old 401(k) page lists the contacts from every plan filing. Find an old Burke & Herbert Bank 401(k)
Data from the public Form 5500 annual reports Burke & Herbert Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Burke & Herbert Bank. Not financial advice. Report a correction · Methodology