2023 Form 5500 filing — Basic Retirement Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241009182131NAL0033651456003) for Basic Retirement Savings Plan, reported by Basic American, Inc. under EIN 94-1318402 and plan number 001. It reports 1,758 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009182131NAL0033651456003
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Basic American, Inc.
- EIN
- 94-1318402
- Plan number
- 001
- Location
- Walnut Creek, CA
- Participants
- 1,758
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $154,658,563
- Total liabilities (EOY)
- $88,479
- Net assets (EOY)
- $154,570,084
- Employer contributions
- $3,254,975
- Participant contributions
- $5,522,420
- Total income / additions
- $29,927,101
- Benefits paid
- $17,758,441
- Administrative expenses
- $515,799
- Total expenses
- $18,274,240
- Net increase / (decrease)
- $11,652,861
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Schwab Retirement Plan Services,Inc | NONE | $367,779 | not reported in the loaded dataset |
| Basic American Inc | NONE | $61,523 | not reported in the loaded dataset |
| Morgan Stanley Global | NONE | $30,000 | not reported in the loaded dataset |
| Covington Burling Llp | NONE | $26,853 | not reported in the loaded dataset |
| Cbiz Cpas P.C. | NONE | $19,511 | not reported in the loaded dataset |
| Charles Schwab & Co Inc | NONE | $146 | $0 |