401(k) · DOL Form 5500 · 2023

Basic American, Inc. 401(k) Plan

Data updated 2026-08-25

$155M
Total assets Near avg plan size
945
Participants Near avg headcount
94th
Percentile by assets National rank
$163,660
Avg per participant Above avg balance/head
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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.

  • #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.

#16,906
in Manufacturing (18,722 peers)
+8.2%
assets growth YoY
1.6×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$154,658,563 Top 6% higher than 94% of 127,068 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 2023

Basic Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Basic Retirement Savings Plan sits mid-pack in the medium band (945 participants).

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 →

Plan-year Form 5500 strip

Filing strip 941318402 · Basic American, Inc. PY 2023 · 401(k)

Basic Retirement Savings Plan · $155M · 945 · 94th

  • EBSA $155M
  • PART 945
  • TYPE 94th
  • NET 401(k)
  • BOOK near Tudor Investment Corporation 401(k) Savings and Profit-Sharing Plan
  • VS-ST ind #16906

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

West Herr Employees' Retirement PlanWest Herr Employees' Retirem…$155MBasic Retirement Savings Plan$155MTudor Investment Corporation 401(k) Savings and Profit-Sharing PlanTudor Investment Corporation…$155MCenlar Capital Corporation 401(k) Savings PlanCenlar Capital Corporation 4…$155MWheels, LLC. Retirement Savings PlanWheels, LLC. Retirement Savi…$155M
End-of-year total assets ($M) among Basic Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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.)

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): 0.154658563 · Participants: 945Basic Retirement Savings PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 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 →

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

Outside California, the nearest 401(k) by assets is Tudor Investment Corporation 401(k) Savings and Profit-Sharing Plan in CT ($155M); by covered participants it is Novanta Corporation 401(k) Plan in MA (945 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (945 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 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).
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 Novanta Corporation 401(k) Plan in MA (945 participants, $162M in assets).

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.