Defined Benefit (Pension) · DOL Form 5500 · 2024

Basic American, Inc. Pension Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
120
Participants Small participant base
61st
Percentile by assets National rank
$104,072
Avg per participant Below avg balance/head
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Official DOL plan name: Pension Plan Basic American Foods · Sponsored by Basic American, Inc. · California · Manufacturing

$12M in assets, 120 participants

Basic American, Inc.'s Pension Plan Basic American Foods reported $12M in total assets and 120 participants in its 2024 DOL Form 5500 filing, ranking in the 61st 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.

  • #8,443 in Manufacturing (17,777 peers)

Coverage in California

Pension Plan Basic American Foods covers 120 participants in California, about 19% of the average California filer (state average ~630 per filing). Assets: $12M.

#8,443
in Manufacturing (17,777 peers)
-35.4%
assets change YoY

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Pension Plan Basic American Foods's mid-pack asset rank among Manufacturing and all filers

Pension Plan Basic American Foods vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$12,488,691 Top 39% higher than 61% of 123,620 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 2024

Pension Plan Basic American Foods among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pension Plan Basic American Foods sits mid-pack in the medium band (120 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Pension Plan Basic American Foods reported net income fell from $451K in the plan year 2023 filing to -$7M in the plan year 2024 filing.
  • Pension Plan Basic American Foods end-of-year assets fell from $19M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • Pension Plan Basic American Foods reported participants fell from 130 in the plan year 2023 filing to 120 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 941318402 · Basic American, Inc. PY 2024 · Defined Benefit (Pension)

Pension Plan Basic American Foods · $12M · 120 · 61st

  • VS-ST $12M
  • VS-ST 120
  • VS-ST 61st
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Laerdal Medical Corporation Employees' Pension Plan
  • VS-ST ind #8443

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 →

Pension Plan Basic American Foods in the asset neighbourhood

Retirement Plan for Employees of Beckley Water CompanyRetirement Plan for Employee…$12MPension Plan Basic American FoodsPension Plan Basic American …$12MLaerdal Medical Corporation Employees' Pension PlanLaerdal Medical Corporation …$12MI.a.T.S.E. Local 3 Pension PlanI.a.T.S.E. Local 3 Pension P…$12MRet Plan of the Norwich Free Academy Staff in Pentegra Ret TrustRet Plan of the Norwich Free…$12M
End-of-year total assets ($M) among Pension Plan Basic American Foods and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$12M
Net Income-$7M
Employer EIN941318402
Plan Effective Date1974-06-01
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 Defined Benefit (Pension) Plans in California

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Pension Plan Basic American Foods vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Pension Plan Basic American Foods, Total assets ($B): 0.012488691 · Participants: 120Pension Plan Basic American FoodsKaiser Permanente Retirement Plan, Total assets ($B): 34.452234723 · Participants: 135057Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.60716624 · Participants: 27500Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 11.441381434 · Participants: 18983Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Western States Carpenters Pension Plan, Total assets ($B): 11.342334451 · Participants: 48582Western States Carpenters Pension PlanIlwu-Pma Pension Plan, Total assets ($B): 10.798538721 · Participants: 15833Ilwu-Pma Pension Plan
Pension Plan Basic American Foods vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Pension Plan Basic American Foods side-by-side with 3 peers →

Pension Plan Basic American Foods's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Laerdal Medical Corporation Employees' Pension Plan in NY ($12M); by covered participants it is Orthocarolina Cash Balance Pension Plan in NC (120 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (120 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Pension Plan Basic American Foods assets move in 2024? ▼
Pension Plan Basic American Foods contracted severely - down 35.4% during 2024, from $19M to $12M. Reported net income was -$7M.
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.
Which Defined Benefit (Pension) plans are similar in size to Pension Plan Basic American Foods? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Laerdal Medical Corporation Employees' Pension Plan in NY ($12M, 185 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan Basic American Foods? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Orthocarolina Cash Balance Pension Plan in NC (120 participants, $34M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.