# Beasley Forest Products, INC. 401(k) Plan
Source: https://planprovider.pro/companies/beasley-forest-products-inc-401k-plan

> Beasley Forest Products, INC.'s 401(k) plan: 1,166 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| MOORE COLSON|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|—|—|—|—|

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