Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Burke & Herbert Financial Services
Burke & Herbert Financial Services 401(k)
- BHRB Nasdaq
- Management of companies and enterprises
- Moorefield, WV
- EIN 92-0289417
- 1 plan with Schedule H financials
- Plan year 2024
- Burke & Herbert Financial Services Corp.
- filed as Burke & Herbert Finanical Services Corp.
Administrative expenses excluding investment management, per participant · Summit Financial Group, Inc. Defined Contribution Plan · plan year 2024
$190.16
Higher than 71% of the 24,371 plans $10 to 50M that report it.
Source
= $110,866 / 583
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013102942NAL0002480466001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013102942NAL0002480466001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-13.
Cost and contributions
Administrative expenses per participant
$190.16
Higher than 48% of the 25,098 plans $10 to 50M that report it.
Source
= $110,866 / 583
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013102942NAL0002480466001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013102942NAL0002480466001, received 2025-10-13
Administrative expenses as a share of assets
0.241%
Higher than 42% of the 25,132 plans $10 to 50M that report it.
Source
= $110,866 / $46,068,302
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013102942NAL0002480466001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013102942NAL0002480466001, received 2025-10-13
Employer contributions per participant
$1,762
Higher than 41% of the 24,050 plans $10 to 50M that report it.
Source
= $1,027,065 / 583
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013102942NAL0002480466001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013102942NAL0002480466001, received 2025-10-13
Employer share of total contributions
15.1%
Higher than 13% of the 24,084 plans $10 to 50M that report it.
Source
= $1,027,065 / $6,800,589
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013102942NAL0002480466001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013102942NAL0002480466001, received 2025-10-13
Plan terms, as stated in Burke & Herbert Financial Services Corp.'s SEC filings
Plan terms are described in Burke & Herbert Financial Services Corp.'s SEC filings: Form 10-K filed 2026-02-27. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013102942NAL0002480466001, received 2025-10-13
Full record, Summit Financial Group, Inc. Defined Contribution Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BURKE & HERBERT FINANICAL SERVICES CORP. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Plan name | SUMMIT FINANCIAL GROUP, INC. DEFINED CONTRIBUTION PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Sponsor EIN / plan number | 92-0289417 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Sponsor location | MOOREFIELD, WV | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Industry (business code) | 551111, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Participants, beginning of year | 620 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Active participants | 472 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Participants, end of year | 610 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Participants with an account balance | 583 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Total assets, beginning of year | $42,967,066 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Total assets, end of year | $46,068,302 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Net assets, end of year | $46,068,302 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Total income | $12,232,267 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Net income | $3,101,236 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Employer contributions | $1,027,065 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Participant contributions | $2,111,347 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $3,662,177 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Total contributions | $6,800,589 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Benefit payments | $9,020,165 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $9,131,031 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Total administrative expenses | $110,866 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Contract administrator fees | $110,866 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Administrative expenses excluding investment management | $110,866 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Held in mutual funds | $41,152,484 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013102942NAL0002480466001, received 2025-10-13 |
| Independent auditor | BAKER TILLY US LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013102942NAL0002480466001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013102942NAL0002480466001, received 2025-10-13.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $77,462 | yes |
| MORGAN STANLEY | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $48,577 | no |
| BAKER TILLY VIRCHOW KRAUSE, LLP | AUDITOR | 10 Accounting (including auditing) | $18,029 | no |
| METRO BENEFITS, INC. | CONTRACT ADMIN | 13 Contract administrator | $16,191 | no |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MANAGEMENT | 28 Investment management | $5,648 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013102942NAL0002480466001, received 2025-10-13.
No filing for the previous plan year is in the data, so there is no year-over-year comparison.
Alerts, claims and corrections
Sponsor name as filed: BURKE & HERBERT FINANICAL SERVICES CORP.; SEC registrant: Burke & Herbert Financial Services Corp. (CIK 1964333, matched by EIN; display name from the Form 10-K cover).