Plan Snapshot
- Plan Sponsor: Beasley Forest Products, INC.
- Sponsor EIN: 582332843
- Sponsor Address: PO BOX 788, HAZLEHURST, GA, 31539
- Plan Type: 401(k)
- Total Participants: 1,166
- Total Assets: $23.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,166 | $23.6M | $872,307 | $1.8M |
| 2023 | 974 | $16.5M | $917,130 | $1.6M |
| 2022 | 994 | $13.2M | $882,357 | $1.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $145,621 | — | $145,621 |
| LPL FINANCIAL | Investment Advisor | — | $23,647 | $23,647 |
| COLUMBIA BENEFITS CONSULTANTS, INC | Recordkeeper | $11,183 | $4,757 | $15,940 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $185,208
- Estimated Expense Ratio: 0.786% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $156,807 | — | $156,807 | — | — |
| 2023 | $126,403 | $61,809 | $64,594 | — | — |
| 2022 | $117,556 | — | — | — | — |