Beasley Forest Products, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Beasley Forest Products, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Beasley Forest Products, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Beasley Forest Products, Inc. under EIN 58-2332843 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,050 participants and $16,530,952 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$16.5MPlan net assets, end of year$16,530,952
Participants1.1KCovered participants reported1,050
Assets / participant$15.7KComputed: assets ÷ participants$15,744 (computed)
Provider compensation$126.4K2 Schedule C provider row(s)$126,403
- Plan sponsor
- Beasley Forest Products, Inc.
- EIN
- 58-2332843
- Plan number
- 001
- Plan type
- 2
- Location
- Hazlehurst, GA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,050 | H, C | 20241015154428NAL0057034658001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$16.5M total assets
Net assets$16.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $16,530,952
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,530,952
- Net assets (BOY)
- $13,190,000
Income & contributions
- Employer contributions
- $917,130
- Participant contributions
- $1,586,772
- Total contributions
- $2,613,786
- Total income / additions
- $4,958,234
Expenses & distributions
- Benefits paid
- $1,436,052
- Administrative expenses
- $126,403
- Total expenses
- $1,617,282
- Net increase / (decrease)
- $3,340,952
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
37%63%
Employer 37%Participant 63%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income29%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Columbia Benefits Consultants, Inc | THIRD PARTY ADMINISTRATO | $64,594 | not reported in the loaded dataset | 2023 |
| Lpl Financial | ADVISOR | $61,809 | not reported in the loaded dataset | 2023 |