Biesse America, Inc. 401(k) Plan: Login, Facts & Contact Information

Biesse America, Inc. 401(k) Plan Facts

Plan name
BIESSE AMERICA, INC. 401K PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BIESSE AMERICA, INC.
Participants
198 (155 active employees)
Former employees with a balance
33
Plan assets
$16,888,622 at Dec 31, 2024
Average account balance
$97,061 across 174 accounts
Employer contributions
$347,028 in plan year 2024 (21% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 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 Oct 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.69 million went into the plan in contributions, $347,028 of it from the employer (21%).
  • $1.52 million was paid out to participants.
  • Investment and other income added $2.09 million.
  • Administrative expenses were $75,001, about $431 per account.

How the Biesse America, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019180$9.46 million$266,272$309,793
2020179$10.8 million$235,051$898,897
2021179$13.2 million$268,130$409,023
2022184$11.7 million$294,280$545,141
2023199$14.7 million$343,469$528,149
2024198$16.9 million$347,028$1.52 million

Biesse America, Inc. 401(k) Contact Information

Phone
704-357-3131
Mailing address
4110 MEADOW OAK DR, CHARLOTTE NC 282087721
Plan sponsor
BIESSE AMERICA, INC.
Employer identification number (EIN)
58-1835877
Plan number
001

Questions about the Biesse America, Inc. 401(k)

Does Biesse America, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $347,028, 21% of all contributions.

Does the Biesse America, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Biesse America, Inc 401(k) plan?

198 participants at the start of plan year 2024, 155 of them active employees, and 33 former employees who still had money in the plan.

What is the average 401(k) balance at Biesse America, Inc?

About $97,061 per account: $16.9 million in plan assets across 174 accounts with a balance at the end of plan year 2024.

Who manages the Biesse America, 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 Biesse America, 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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