401(k) · DOL Form 5500 · 2023

Basic American, Inc. 401(k) Plan

Data updated 2026-08-11

$155M
Total assets
945
Participants
94th
Percentile by assets
$163,660
Avg per participant
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Official DOL plan name: Basic Retirement Savings Plan · Sponsored by Basic American, Inc. · California · Manufacturing

$155M in assets, 945 participants

Basic American, Inc.'s Basic Retirement Savings Plan reported $155M in total assets and 945 participants in its 2023 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.

  • 94th percentile by assets (of 127,072 plans)
  • #16,906 in Manufacturing (18,722 peers)

Where Basic Retirement Savings Plan sits by assets

Basic Retirement Savings Plan sits in the top 10% of all filed plans by assets, $155M for 945 participants (~$163,660/participant), up 8.2% in 2023.

$155M
total plan assets (2023 EOY)
945
covered participants
94th
percentile by assets (of 127,072 plans)
$163,660
avg assets per participant

Where Basic Retirement Savings Plan sits by total assets

Basic Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$154,658,563 Top 6% higher than 94% of 127,068 filed plans

This plan $0 $2,010,000,000 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Basic Retirement Savings Plan reported net income rose from -$31M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Basic Retirement Savings Plan reported participants fell from 1,211 in the plan year 2022 filing to 945 in the plan year 2023 filing.
  • Basic Retirement Savings Plan end-of-year assets rose from $143M in the plan year 2022 filing to $155M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
California
Industry
Manufacturing

Basic Retirement Savings Plan vs the 2023 asset distribution

By assets, Basic Retirement Savings Plan outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$143M
Net Assets (End of Year)$155M
Net Income$12M
Employer EIN941318402
Plan Effective Date1958-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Basic American, Inc.)

$160M$165M$170M$175M$180M 202220232024 $162M $171M ▲ +5.8%
Total plan assets by year, all Basic American, Inc. plans on file
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 ($B) Participants Basic Retirement Sav…, Total assets ($B): 0.154658563 · Participants: 945Basic Retirement Sav…Wells Fargo & Compan…, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Compan…Google LLC 401(k) Sa…, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Sa…Oracle Corporation 4…, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 4…Intel 401(k) Savings…, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings…Apple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) 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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Basic Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Basic Retirement Savings Plan assets move in 2023? ▼
Basic Retirement Savings Plan grew at a solid clip - up 8.2% during 2023, from $143M to $155M. Reported net income was $12M.
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 127,072 plans that reported assets for plan year 2023 (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 Tudor Investment Corporation 401(k) Savings and Profit-Sharing Plan in CT ($155M, 248 participants).

Next read for Basic Retirement Savings Plan

Scale reading

Ways to act on Basic Retirement Savings Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.