401(k) · DOL Form 5500 · 2022

Basic American, Inc. 401(k) Plan

Data updated 2026-08-25

$143M
Total assets Near avg plan size
1,211
Participants Near avg headcount
94th
Percentile by assets National rank
$118,077
Avg per participant Near avg balance/head
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Official DOL plan name: Basic Retirement Savings Plan · Sponsored by Basic American, Inc. · California · Manufacturing

$143M in assets, 1,211 participants

Basic American, Inc.'s Basic Retirement Savings Plan reported $143M in total assets and 1,211 participants in its 2022 DOL Form 5500 filing, ranking in the 94th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #18,820 in Manufacturing (20,602 peers)

Where Basic Retirement Savings Plan sits by assets

Basic Retirement Savings Plan sits in the top 10% of all filed plans by assets, $143M for 1,211 participants (~$118,077/participant), down 17.6% in 2022.

#18,820
in Manufacturing (20,602 peers)
-17.6%
assets change YoY
1.4×
vs typical plan assets (national mean)

The plan reported a net loss of $31M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Basic Retirement Savings Plan's outsized position by total assets

Basic Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$142,991,801 Top 6% higher than 94% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Basic Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Basic Retirement Savings Plan lands in the large band (1,211 participants).

Form 5500 schedule snapshot

Filing strip 941318402 · Basic American, Inc. PY 2022 · 401(k)

Basic Retirement Savings Plan · $143M · 1,211 · 94th

  • ASSETS $143M
  • ASSETS 1,211
  • ASSETS 94th
  • ASSETS 401(k)
  • ASSETS near Ennis Inc. 401(k) Plan
  • ASSETS ind #18820

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in California →

Basic Retirement Savings Plan in the asset neighbourhood

Duquesne Light Company 401(k) Retirement Savings Plan for IBEW Represented EmployeesDuquesne Light Company 401(k…$143MPiedmont Healthcare Employees' 401(k) Plan and TrustPiedmont Healthcare Employee…$143MEnnis Inc. 401(k) Plan$143MBasic Retirement Savings Plan$143MFloyd Healthcare Management, Inc. 401(k) Retirement PlanFloyd Healthcare Management,…$143M
End-of-year total assets ($M) among Basic Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$174M
Net Assets (End of Year)$143M
Net Income-$31M
Employer EIN941318402
Plan Effective Date1958-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Basic American, Inc.)

Sponsor-wide plan assets over time

All Basic American, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$171M 5.770665294069808% vs 2022
2024 filing year
$160M$165M$170M$175M$180M 202220232024 $162M $171M ▲ +5.8%
Year Plans Participants Total Assets
2022 2 1,366 $162M
2023 2 1,075 $174M
2024 2 951 $171M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Basic Retirement Savings Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Basic Retirement Savings Plan, Total assets ($B): 0.142991801 · Participants: 1211Basic Retirement Savings PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 401(k) Savings and Investment PlanChevron Employee Savings Investment Plan, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Savings Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings Plan
Basic Retirement Savings Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Basic Retirement Savings Plan side-by-side with 3 peers →

Basic Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Ennis Inc. 401(k) Plan in TX ($143M); by covered participants it is Maples Industries, Inc. 401(k) Profit Sharing Plan in AL (1,211 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,211 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Basic Retirement Savings Plan assets move in 2022? ▼
Basic Retirement Savings Plan declined sharply - down 17.6% during 2022, from $174M to $143M. Reported net income was -$31M.
How have Basic American, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Basic American, Inc.'s sponsor-wide assets grew 5.8%, from $162M to $171M.
Where does Basic Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Basic Retirement Savings Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Basic Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ennis Inc. 401(k) Plan in TX ($143M, 2,009 participants).
Which 401(k) plans cover a similar participant headcount to Basic Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Maples Industries, Inc. 401(k) Profit Sharing Plan in AL (1,211 participants, $17M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 941318402.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.