Employer · plans filed under one EIN
Besser Company
Alpena, MI · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Besser Company, based in Alpena, Michigan, sponsors 2 retirement plans with 100 or more participants: 2 defined contribution. Together they reported 985 participant records and $111M in net assets.
The largest is Besser Company Employee Stock Ownership Plan, an employee stock ownership plan with 515 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $3.1M and participant contributions $2.6M in the latest plan years; benefits paid were $8.1M. Schedule C compensation reported to service provider organisations totalled $100K.
Combined net assets moved from $49.1M in 2009 to $111M in 2024 (up 125%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Besser Company Employee Stock Ownership Plan | employee stock ownership plan | 2024 | 515 | $61.3M | $118,961 | $5,281 | $0 |
| The Employees Retirement Savings Plan of the Besser Companies | 401(k) plan | 2024 | 470 | $49.3M | $104,865 | $3,009 | $100K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 985 | $111M | $3.1M | $2.6M |
| 2023 | 2 | 914 | $102M | $2.9M | $2.3M |
| 2022 | 2 | 848 | $82.0M | $3.4M | $2.2M |
| 2021 | 2 | 796 | $78.0M | $3.1M | $1.9M |
| 2020 | 2 | 1,085 | $77.7M | $3.3M | $1.7M |
| 2019 | 2 | 1,078 | $71.6M | $3.1M | $1.6M |
| 2018 | 2 | 1,079 | $67.1M | $2.9M | $1.5M |
| 2017 | 2 | 1,073 | $63.6M | $2.6M | $1.4M |
| 2016 | 2 | 1,117 | $57.7M | $3.4M | $1.3M |
| 2015 | 2 | 1,118 | $52.6M | $3.3M | $1.3M |
| 2014 | 2 | 1,081 | $52.7M | $2.8M | $1.1M |
| 2013 | 2 | 1,055 | $42.3M | $2.3M | $887K |
| 2012 | 2 | 1,140 | $41.1M | $4.4M | $861K |
| 2011 | 2 | 1,216 | $42.2M | $4.2M | $813K |
| 2010 | 2 | 1,284 | $42.3M | $4.3M | $770K |
| 2009 | 2 | 1,409 | $49.1M | $4.2M | $834K |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| American United Life Insurance Co. | Recordkeeping and information management; Participant loan processing; Participant communication | 1 | $41,169 |
| Global Retirement Partners, LLC | Recordkeeping and information management | 1 | $31,518 |
| RT Jones Capital Equities MGMT Inc. | Investment advisory (participants); Investment advisory (plan); Investment management | 1 | $16,469 |
| Wellth Advisory Services | Recordkeeping and information management | 1 | $10,609 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Besser Company have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Besser Company Employee Stock Ownership Plan and The Employees Retirement Savings Plan of the Besser Companies. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Besser Company contribute to its plans?
$3,130,433 in employer contributions across these plans in their latest plan years, about $4,130 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name American United Life Insurance Co., Global Retirement Partners, LLC, RT Jones Capital Equities MGMT Inc. and Wellth Advisory Services. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.