Pennsylvania › Management of companies (holding companies) › 250 to 499 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Retirement Plan for Employees of the Burnham Group
Sponsored by Burnham Holdings, Inc., Lancaster, PA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Nov 2025, Retirement Plan for Employees of the Burnham Group covered 317 participants and held $35.4M in net assets. The plan is a defined benefit pension plan sponsored by Burnham Holdings, Inc. of Lancaster, Pennsylvania.
Net assets came to $111,642 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 participants and above the $94,261 median for defined benefit plans in management of companies (holding companies). The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $353K: $1,113 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $730K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $119M in 2009 to $35.4M in 2024 (down 70%), and participants from 2,000 to 317 (down 84%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $111,642 | $87,254 | $94,261 | $86,073 |
| Employer contributions per active participant | — | $10,887 | $14,787 | $10,170 |
| Schedule C compensation per participant | $1,113 | $413 | $333 | $344 |
| Schedule C compensation, share of net assets | 1.00% | 0.51% | 0.39% | 0.43% |
| Administrative expenses per participant | $2,302 | $596 | $519 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (881 plans), management of companies (holding companies) (98) and all US plans (5,366). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 317 | $35.4M | $111,644 | — | — | $353K |
| 2023 | 1,317 | $131M | $99,661 | $0 | $0 | $301K |
| 2022 | 1,395 | $129M | $92,469 | $0 | — | $224K |
| 2021 | 1,428 | $135M | $94,658 | $0 | $0 | $197K |
| 2020 | 1,469 | $181M | $123,350 | $0 | $0 | $307K |
| 2019 | 1,507 | $184M | $122,161 | $500K | $0 | $392K |
| 2018 | 1,538 | $172M | $111,655 | $960K | $0 | $424K |
| 2017 | 1,747 | $156M | $89,510 | $0 | $0 | $431K |
| 2016 | 1,781 | $171M | $96,231 | $2.6M | — | $398K |
| 2015 | 1,811 | $156M | $86,346 | $1.3M | — | $428K |
| 2014 | 1,847 | $156M | $84,289 | $3.8M | $0 | $438K |
| 2013 | 1,874 | $159M | $85,057 | $3.9M | $0 | $499K |
| 2012 | 1,898 | $145M | $76,591 | $2.1M | $0 | $431K |
| 2011 | 1,930 | $143M | $74,047 | $5.5M | $0 | $0 |
| 2010 | 1,965 | $126M | $64,253 | $3.4M | $0 | $583K |
| 2009 | 2,000 | $119M | $59,456 | $2.9M | $0 | $332K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$131,253,203
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$4,185,655
- Benefits paid$99,318,633
- Administrative expenses$729,667
- Total expenses$100,048,300
- Net income−$95,862,645
- Net transfers$0
- Net assets, end of year$35,390,558
Participants
- Active participants157
- Retired or separated, receiving benefits13
- Retired or separated, entitled to future benefits136
- Total participants, end of year317
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| MetLife Inc. | Investment advisory (plan); Legal; Consulting (general) | $203,241 | $0 |
| Highland Consulting Associates, Inc. | Investment advisory (plan); Legal; Consulting (general) | $149,544 | $0 |
| Fidelity & Research Company | Investment management | $0 | $0 |
| Federated Hermes Govt Obligations | Investment management | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$352,785
- Actuarial fees$187,876
- Other administrative expenses$133,017
- Trustee and custodial fees$55,989
- Total administrative expenses$729,667
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- U.S. Government securities$17.3M · 47.0%
- Corporate debt instruments$13.8M · 37.5%
- Cash (interest and non-interest bearing)$4.0M · 10.9%
- Receivables$1.7M · 4.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRKL LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 551112: Offices of Other Holding Companies.
Other plans of Burnham Holdings, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Burnham Holdings, Inc. Savings Plan a | 552 | $67.0M |
| Burnham Holdings, Inc. Savings Plan B | 451 | $13.5M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Siemens Medical Solutions USA, Inc. Pension Plan | Siemens Medical Solutions USA, Inc. | 8,750 | $768M | $87,776 |
| Transtar, LLC Pension Plan | Transtar, LLC | 180 | $6.9M | $38,226 |
| Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1 2008 | Lincoln National Corporation | 12,960 | $761M | $58,748 |
Defined benefit plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Retirement Plan for Employees of the Burnham Group?
317 participants at the end of the plan year ending 30 Nov 2025, of whom 157 were active employees, with net assets of $35,390,558. Among defined benefit plans that places it in the 250 to 499 participants band, which held 881 plans in plan year 2024.
What does Burnham Holdings, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $352,785 in compensation to service provider organisations, $1,113 per participant or 1.00% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $729,667. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Burnham Holdings, Inc.. Investment advisory or management: MetLife Inc., Highland Consulting Associates, Inc. and Fidelity & Research Company. The financial statements were audited by RKL LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 14 Sep 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Sep 2026. This page shows the latest filing on record for EIN 42-1561863, plan 002, received 14 Sep 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.