Plan Snapshot
- Plan Sponsor: Basic American, INC.
- Sponsor EIN: 941318402
- Sponsor Address: 1676 N. CALIFORNIA BLVD, WALNUT CREEK, CA, 94596
- Plan Type: DB
- Total Participants: 107
- Total Assets: $12.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 107 | $12.5M | $370,000 | $0 |
| 2023 | 120 | $19.3M | $0 | $0 |
| 2022 | 130 | $18.9M | $0 | $0 |
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 | $135,498 | — | $135,498 |
| MORGAN STANLEY SMITH BARNEY HOLDING | NONE | $70,000 | — | $70,000 |
| BASIC AMERICAN INC | NONE | $42,243 | — | $42,243 |
| CBIZ | NONE | $23,326 | — | $23,326 |
| CBIZ CPAS PC | Auditor | $23,326 | — | $23,326 |
| FIRST STATE TRUST COMPANY | NONE | $6,983 | — | $6,983 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES INC — NONE
- MORGAN STANLEY SMITH BARNEY HOLDING — NONE
- BASIC AMERICAN INC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $301,376
- Estimated Expense Ratio: 2.413% 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 | $493,809 | $84,837 | — | $23,326 | — |
| 2023 | $579,689 | $87,745 | — | $22,345 | — |
| 2022 | $611,297 | $40,480 | — | — | $102,792 |