Beasley Forest Products, Inc. 401(k) Plan: Login, Facts & Contact Information

Beasley Forest Products, Inc. 401(k) Plan Facts

Plan name
BEASLEY FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BEASLEY FOREST PRODUCTS, INC.
Participants
1,021 (1,166 active employees)
Former employees with a balance
32
Plan assets
$23,562,425 at Dec 31, 2024
Average account balance
$63,682 across 370 accounts
Employer contributions
$872,307 in plan year 2024 (18% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2004
✓ 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 Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.73 million went into the plan in contributions, $872,307 of it from the employer (18%).
  • $1.38 million was paid out to participants.
  • Investment and other income added $2.35 million.
  • Administrative expenses were $156,807, about $424 per account.

How the Beasley Forest Products, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019524$9.24 million$548,437$234,158
2020855$12.1 million$754,056$584,249
2021980$14.8 million$806,618$1.03 million
20221,084$13.2 million$882,357$1.41 million
20231,050$16.5 million$917,130$1.44 million
20241,021$23.6 million$872,307$1.38 million

Beasley Forest Products, Inc. 401(k) Contact Information

Phone
912-375-5174
Mailing address
PO BOX 788, HAZLEHURST GA 31539
Plan sponsor
BEASLEY FOREST PRODUCTS, INC.
Employer identification number (EIN)
58-2332843
Plan number
001

Questions about the Beasley Forest Products, Inc. 401(k)

Does Beasley Forest Products, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $872,307, 18% of all contributions.

Does the Beasley Forest Products, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Beasley Forest Products, Inc 401(k) plan?

1,021 participants at the start of plan year 2024, 1,166 of them active employees, and 32 former employees who still had money in the plan.

What is the average 401(k) balance at Beasley Forest Products, Inc?

About $63,682 per account: $23.6 million in plan assets across 370 accounts with a balance at the end of plan year 2024.

Who manages the Beasley Forest Products, 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 Beasley Forest Products, 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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