Besser 401(k) match, vesting and fees
What Besser's 401(k) 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 | American United Life Insurance Co | Schedule C ↗ |
| Independent auditor | Baker Tilly US LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · 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.
| Besser: employer contribution per participant | $2,507 | |
| Peer median | $1,847 |
| Besser: average balance | $106,912 | |
| Peer median | $65,512 |
| Besser: admin expenses ÷ assets | 0.13% | |
| 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 $46.6M at the end of plan year 2021 to $49.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 470 | $49.3M | $1.2M | $2,507 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 451 | $45.1M | $1.1M | $2,409 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 429 | $41.6M | $1M | $2,476 | 0.13% | Not published | Form 5500 ↗ |
| 2021 | 380 | $46.6M | $985K | $2,607 | 0.13% | Not published | Form 5500 ↗ |
Other Besser plans (4)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Besser Company Employee Stock Ownership Plan
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.
| Independent auditor | Baker Tilly US, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Management Employees' Retirement Plan of Besser Company
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 | Global Retirement Partners LLC | Schedule C ↗ |
| Independent auditor | Baker Tilly Virchow Krause LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Retirement Income Plan for Employees of Quinn Machine & Foundry Corp. Div of Int Pipe Mach
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.
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Besser Office Employees Retirement Benefit Plan
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.
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Besser match 401(k) contributions?
The match terms for the The Employees Retirement Savings Plan of the Besser Companies have not been published from its filing yet. The plan year 2024 filing reports $1.2M in employer contributions, about $2,507 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Besser 401(k) match vested?
The vesting schedule for the The Employees Retirement Savings Plan of the Besser Companies is not in the data published so far. Your Summary Plan Description states it.
Who manages the Besser 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is American United Life Insurance Co. The plan administrator is Besser Company.
I left Besser. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Besser Company, (989) 354-1171) or the recordkeeper, American United Life Insurance Co. The Besser old 401(k) page lists the contacts from every plan filing. Find an old Besser 401(k)
Data from the public Form 5500 annual reports Besser 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 Besser. Not financial advice. Report a correction · Methodology