Besser CompanyESOP
BESSER COMPANY EMPLOYEE STOCK OWNERSHIP PLAN · ALPENA, MI · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Besser Company reported $45 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,281 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 1 year on file its reported administrative ratio fell from 0.000% to 0.000%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 450th-largest of 2,619 plans among Michigan employers on file, and the 2,740th of 13,661 in manufacturing. active participation has grown from 318 to 374 since 2022.
Besser Company's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
This plan has changed recordkeepers within these filings. If you left Besser Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 380346640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.