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

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

Plan name
BESSE FOREST PRODUCTS GROUP 401K RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions
Plan sponsor
BESSE FOREST PRODUCTS, INC.
Participants
314 (241 active employees)
Former employees with a balance
106
Plan assets
$12,165,886 at Dec 31, 2023
Average account balance
$56,064 across 217 accounts
Employer contributions
$27,897 in plan year 2023 (6% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 1997
✓ 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 2023 (Jan 1, 2023 – Dec 31, 2023), filed Jan 17, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $484,231 went into the plan in contributions, $27,897 of it from the employer (6%).
  • $385,371 was paid out to participants.
  • Investment and other income added $1.97 million.
  • Administrative expenses were $7,122, about $33 per account.

How the Besse Forest Products, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018394$9.72 million$57,109$1.96 million
2019406$10.8 million$54,896$1.81 million
2020429$11.9 million$51,611$1.57 million
2021351$13.9 million$50,634$456,501
2022347$10.1 million$42,213$1.71 million
2023314$12.2 million$27,897$385,371

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

Phone
906-428-3113
Mailing address
PO BOX 352, GLADSTONE MI 49837
Plan sponsor
BESSE FOREST PRODUCTS, INC.
Employer identification number (EIN)
38-2852290
Plan number
001

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

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

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $27,897, 6% of all contributions.

Does the Besse 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 Besse Forest Products, Inc 401(k) plan?

314 participants at the start of plan year 2023, 241 of them active employees, and 106 former employees who still had money in the plan.

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

About $56,064 per account: $12.2 million in plan assets across 217 accounts with a balance at the end of plan year 2023.

Who manages the Besse Forest Products, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Besse Forest Products, Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits 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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