401(k) · DOL Form 5500 · 2024
Basic American, Inc. 401(k) Plan
Data updated 2026-08-11
- $159M
- Total assets
- 831
- Participants
- 93rd
- Percentile by assets
- $190,996
- Avg per participant
Official DOL plan name: Basic Retirement Savings Plan · Sponsored by Basic American, Inc. · California · Manufacturing
$159M in assets, 831 participants
Basic American, Inc.'s Basic Retirement Savings Plan reported $159M in total assets and 831 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 123,622 plans)
- #15,961 in Manufacturing (17,777 peers)
Where Basic Retirement Savings Plan sits by assets
Basic Retirement Savings Plan sits in the top 10% of all filed plans by assets, $159M for 831 participants (~$190,996/participant), up 2.6% in 2024.
- $159M
- total plan assets (2024 EOY)
- 831
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $190,996
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Basic Retirement Savings Plan reported net income fell from $12M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- Basic Retirement Savings Plan reported participants fell from 945 in the plan year 2023 filing to 831 in the plan year 2024 filing.
- Basic Retirement Savings Plan end-of-year assets rose from $155M in the plan year 2023 filing to $159M in the plan year 2024 filing.
Basic Retirement Savings Plan vs the 2024 asset distribution
By assets, Basic Retirement Savings Plan outranks 93% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $155M |
|---|---|
| Net Assets (End of Year) | $159M |
| Net Income | $4M |
| Employer EIN | 941318402 |
| Plan Effective Date | 1958-12-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Basic American, Inc.)
| 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
- Google LLC 401(k) Savings Plan $48.7B · 116,712
- Oracle Corporation 401(k) Savings and Investment Plan $31.0B · 58,962
- Intel 401(k) Savings Plan $24.9B · 55,298
- Apple 401(k) Plan $24.7B · 101,450
- Cisco Systems,Inc. 401(k) Plan $22.7B · 40,452
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 2024? ▼
How have Basic American, Inc. plan assets changed over time? ▼
Where does Basic Retirement Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Basic Retirement Savings Plan
Scale reading
Ways to act on Basic Retirement Savings Plan's numbers.
- By total assets, Basic Retirement Savings Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
- Basic American, Inc.'s sponsor-wide assets have grown 5.8% since 2022 across 3 plan years on file. More Manufacturing plans