# Basic American, INC. 401(k) Plan
Source: https://planprovider.pro/companies/basic-american-inc-401k-plan

> Basic American, INC.'s 401(k) plan: 871 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Basic American, INC.

- **Sponsor EIN:** 941318402

- **Sponsor Address:** 1676 N. CALIFORNIA BLVD., WALNUT CREEK, CA, 94596

- **Plan Type:** 401(k)

- **Total Participants:** 871

- **Total Assets:** $158.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|871|$158.7M|$3.4M|$5.3M|

| 2023|813|$154.7M|$3.3M|$5.5M|

| 2022|1,051|$143.0M|$3.3M|$6.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| SCHWAB RETIREMENT PLAN SERVICES,INC|NONE|$385,148|—|$385,148|

| BASIC AMERICAN INC|NONE|$76,801|—|$76,801|

| MORGAN STANLEY GLOBAL|NONE|$30,000|—|$30,000|

| CBIZ INC|NONE|$20,383|—|$20,383|

| CBIZ CPAS P.C.|Auditor|$16,446|—|$16,446|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SCHWAB RETIREMENT PLAN SERVICES,INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [BASIC AMERICAN INC](https://planprovider.pro/provider/basic-capital) — NONE

- [MORGAN STANLEY GLOBAL](https://planprovider.pro/provider/jp-morgan-asset-management) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $528,778

- **Estimated Expense Ratio:** 0.333% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$513,499|$275,526|$78,591|$16,446|—|

| 2023|$515,799|$256,506|$113,467|$1,558|—|

| 2022|$494,860|$32,959|—|—|$67,245|

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