Basic Retirement Savings Plan — Form 5500 plan (Basic American, Inc.)
Plain-English plan 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, Basic Retirement Savings Plan is a benefit plan reported by Basic American, Inc. under EIN 94-1318402 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,758 participants and $154,658,563 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Basic American, Inc.
- EIN
- 94-1318402
- Plan number
- 001
- Plan type
- 2
- Location
- Walnut Creek, CA
- Latest filing year
- 2023
- Participants
- 1,758
- End-of-year plan assets
- $154,658,563
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,758 | H, C | 20241009182131NAL0033651456003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $154,658,563
- Total liabilities (EOY)
- $88,479
- Net assets (EOY)
- $154,570,084
- Net assets (BOY)
- $142,917,223
Income & contributions
- Employer contributions
- $3,254,975
- Participant contributions
- $5,522,420
- Total contributions
- $9,097,293
- Total income / additions
- $29,927,101
Expenses & distributions
- Benefits paid
- $17,758,441
- Administrative expenses
- $515,799
- Total expenses
- $18,274,240
- Net increase / (decrease)
- $11,652,861
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Schwab Retirement Plan Services,Inc | NONE | $367,779 | not reported in the loaded dataset | 2023 |
| Basic American Inc | NONE | $61,523 | not reported in the loaded dataset | 2023 |
| Morgan Stanley Global | NONE | $30,000 | not reported in the loaded dataset | 2023 |
| Covington Burling Llp | NONE | $26,853 | not reported in the loaded dataset | 2023 |
| Cbiz Cpas P.C. | NONE | $19,511 | not reported in the loaded dataset | 2023 |
| Charles Schwab & Co Inc | NONE | $146 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Basic American, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in Walnut Creek, CA
- Schwab Retirement Plan Services,Inc — Schedule C compensation
- Basic American Inc — Schedule C compensation
- Morgan Stanley Global — Schedule C compensation
- Covington Burling Llp — Schedule C compensation
- Cbiz Cpas P.C. — Schedule C compensation
- Charles Schwab & Co Inc — Schedule C compensation