Bayer Built Woodworks, Inc. 401(k) Plan: Login, Facts & Contact Information

Bayer Built Woodworks, Inc. 401(k) Plan Facts

Plan name
BAYER BUILT WOODWORKS, INC. RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BAYER BUILT WOODWORKS, INC.
Participants
520 (431 active employees)
Former employees with a balance
86
Plan assets
$42,651,186 at Dec 31, 2024
Average account balance
$83,794 across 509 accounts
Employer contributions
$286,302 in plan year 2024 (7% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1993
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed May 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.12 million went into the plan in contributions, $286,302 of it from the employer (7%).
  • $4.50 million was paid out to participants.
  • Investment and other income added $4.41 million.
  • Administrative expenses were $11,618, about $23 per account.

How the Bayer Built Woodworks, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019486$24.4 million$228,072$1.27 million
2020492$30.1 million$257,710$1.12 million
2021499$36.2 million$278,123$1.78 million
2022532$31.9 million$277,168$2.30 million
2023533$38.6 million$285,973$1.67 million
2024520$42.7 million$286,302$4.50 million

Bayer Built Woodworks, Inc. 401(k) Contact Information

Phone
320-254-3651
Mailing address
24614 HIGHWAY 71, BELGRADE MN 563128819
Plan sponsor
BAYER BUILT WOODWORKS, INC.
Employer identification number (EIN)
41-1628339
Plan number
001

Questions about the Bayer Built Woodworks, Inc. 401(k)

Does Bayer Built Woodworks, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $286,302, 7% of all contributions.

Does the Bayer Built Woodworks, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Bayer Built Woodworks, Inc 401(k) plan?

520 participants at the start of plan year 2024, 431 of them active employees, and 86 former employees who still had money in the plan.

What is the average 401(k) balance at Bayer Built Woodworks, Inc?

About $83,794 per account: $42.7 million in plan assets across 509 accounts with a balance at the end of plan year 2024.

Who manages the Bayer Built Woodworks, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Bayer Built Woodworks, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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