Plan Snapshot
- Plan Sponsor: Biesse America, INC.
- Sponsor EIN: 581835877
- Sponsor Address: 4110 MEADOW OAK DR, CHARLOTTE, NC, 282087721
- Plan Type: 401(k)
- Total Participants: 155
- Total Assets: $16.9M
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 | 155 | $16.9M | $347,028 | $1.2M |
| 2023 | 163 | $14.7M | $343,469 | $1.1M |
| 2022 | 163 | $11.7M | $294,280 | $1.1M |
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 |
|---|---|---|---|---|
| GREERWALKER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GREERWALKER LLP — Auditor
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 | $75,001 | — | $75,001 | — | — |
| 2023 | $66,602 | — | $66,602 | — | — |
| 2022 | $64,367 | — | $64,367 | — | — |