401(k) · DOL Form 5500 · 2024

Basic American, Inc. 401(k) Plan

Data updated 2026-08-25

$159M
Total assets Near avg plan size
831
Participants Near avg headcount
93rd
Percentile by assets National rank
$190,996
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

$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.

  • #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.

#15,961
in Manufacturing (17,777 peers)
+2.6%
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 2024 · DOL Form 5500

$158,717,466 Top 7% higher than 93% 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

Basic Retirement Savings Plan 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. Basic Retirement Savings Plan sits mid-pack in the medium band (831 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 941318402 · Basic American, Inc. PY 2024 · 401(k)

Basic Retirement Savings Plan · $159M · 831 · 93rd

  • EBSA $159M
  • EBSA 831
  • EBSA 93rd
  • EBSA 401(k)
  • EBSA near United Nations Federal Credit Union 401(k) Plan and Trust
  • EBSA ind #15961

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

United Nations Federal Credit Union 401(k) Plan and TrustUnited Nations Federal Credi…$159MBasic Retirement Savings Plan$159MWalsh Group 401(k) and Profit Sharing Plan for Union and Non-Union EmployeesWalsh Group 401(k) and Profi…$159MHealth Catalyst, Inc. 401(k) PlanHealth Catalyst, Inc. 401(k)…$159MCity Electric Supply Employee Savings PlanCity Electric Supply Employe…$159M
End-of-year total assets ($M) among Basic Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$155M
Net Assets (End of Year)$159M
Net Income$4M
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. -50000050000100000150000 -200204060 Total assets ($B) Participants Basic Retirement Savings Plan, Total assets ($B): 0.158717466 · Participants: 831Basic Retirement Savings PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 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 United Nations Federal Credit Union 401(k) Plan and Trust in NY ($159M); by covered participants it is Pacific Hide & Fur Depot D/B/a Pacific Steel & Recycling 401(k) Plan in MT (831 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (831 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 Basic Retirement Savings Plan assets move in 2024? ▼
Basic Retirement Savings Plan edged up modestly - up 2.6% during 2024, from $155M to $159M. Reported net income was $4M.
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 93rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 United Nations Federal Credit Union 401(k) Plan and Trust in NY ($159M, 712 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 Pacific Hide & Fur Depot D/B/a Pacific Steel & Recycling 401(k) Plan in MT (831 participants, $38M 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.