# Besser Company 401(k) Plan
Source: https://planprovider.pro/companies/besser-company-401k-plan

> Besser Company's 401(k) plan: 384 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Besser Company

- **Sponsor EIN:** 380346640

- **Sponsor Address:** 801 JOHNSON STREET, ALPENA, MI, 49707

- **Plan Type:** 401(k)

- **Total Participants:** 384

- **Total Assets:** $49.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|384|$49.3M|$1.2M|$2.6M|

| 2023|373|$45.1M|$1.1M|$2.3M|

| 2022|349|$41.6M|$1.0M|$2.2M|

## 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|

| AMERICAN UNITED LIFE INSURANCE CO|NONE|$6,716|$34,453|$41,169|

| GLOBAL RETIREMENT PARTNERS, LLC|NONE|$31,518|—|$31,518|

| RT JONES CAPITAL EQUITIES MGMT INC|NONE|$16,469|—|$16,469|

| WELLTH ADVISORY SERVICES|NONE|$10,609|—|$10,609|

| BAKER TILLY US LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GLOBAL RETIREMENT PARTNERS, LLC](https://planprovider.pro/provider/global-retirement-partners-llc) — NONE

- [BAKER TILLY US LLP](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $99,765

- **Estimated Expense Ratio:** 0.202% 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|$63,437|$58,596|$4,841|—|—|

| 2023|$57,092|$53,640|$3,452|—|—|

| 2022|$56,126|$51,650|$4,476|—|—|

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