Bekaert retirement plan: assets, participants and fees
What Bekaert's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Caron & Bletzer, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Bekaert: employer contribution per participant | $2,876 | |
| Peer median | $1,847 |
| Bekaert: average balance | $50,735 | |
| Peer median | $65,512 |
| Bekaert: admin expenses ÷ assets | 0.29% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $14.1M at the end of plan year 2021 to $15.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 337 | $15.2M | $860K | $2,876 | 0.29% | Not published | Form 5500 ↗ |
| 2023 | 286 | $14.2M | $781K | $2,731 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 258 | $12.2M | $635K | $2,463 | 0.11% | Not published | Form 5500 ↗ |
| 2021 | 205 | $14.1M | $471K | $2,298 | 0.05% | Not published | Form 5500 ↗ |
Other Bekaert plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Bridon American Corporation 401(k) Retirement
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Prudential Retirement Insurance and | Schedule C ↗ |
| Independent auditor | Sikich Cpa LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Terminated (final filing) | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Common questions
Does Bekaert match 401(k) contributions?
The match terms for the Bridon American Corporation 401(k) Retirement Savings Plan for Union Employees have not been published from its filing yet. The plan year 2024 filing reports $860K in employer contributions, about $2,876 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bekaert 401(k) match vested?
The vesting schedule for the Bridon American Corporation 401(k) Retirement Savings Plan for Union Employees is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bekaert 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Bekaert Corporation.
I left Bekaert. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bekaert Corporation, (570) 822-3349) or the recordkeeper, Empower Annuity Insurance Company. The Bekaert old 401(k) page lists the contacts from every plan filing. Find an old Bekaert 401(k)
Data from the public Form 5500 annual reports Bekaert filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bekaert. Not financial advice. Report a correction · Methodology