Burke & Herbert Finanical Services 401(k) match, vesting and fees
What Burke & Herbert Finanical Services' 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 | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Baker Tilly US LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 108 defined-contribution plans in management of companies and enterprises with 500 to 999 participants.
| Burke & Herbert Finanical Services: employer contribution per participant | $1,762 | |
| Peer median | $2,042 |
| Burke & Herbert Finanical Services: average balance | $79,019 | |
| Peer median | $78,282 |
| Burke & Herbert Finanical Services: admin expenses ÷ assets | 0.25% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $46.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 610 | $46.1M | $1M | $1,762 | 0.25% | Not published | Form 5500 ↗ |
Common questions
Does Burke & Herbert Finanical Services match 401(k) contributions?
The match terms for the Summit Financial Group, Inc. Defined Contribution Plan have not been published from its filing yet. The plan year 2024 filing reports $1M in employer contributions, about $1,762 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Burke & Herbert Finanical Services 401(k) match vested?
The vesting schedule for the Summit Financial Group, Inc. Defined Contribution Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Burke & Herbert Finanical Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Burke & Herbert Finanical Services Corp..
I left Burke & Herbert Finanical Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Burke & Herbert Finanical Services Corp., (304) 530-1000) or the recordkeeper, Empower Annuity Insurance Company O. The Burke & Herbert Finanical Services old 401(k) page lists the contacts from every plan filing. Find an old Burke & Herbert Finanical Services 401(k)
Data from the public Form 5500 annual reports Burke & Herbert Finanical Services filed with the U.S. Department of Labor (plan years 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 Finanical Services. Not financial advice. Report a correction · Methodology