# Basic American, INC. DB Plan
Source: https://planprovider.pro/companies/basic-american-inc-plan-003

> Basic American, INC.'s DB plan: 107 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:** 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](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

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

- [BASIC AMERICAN INC](https://planprovider.pro/provider/basic-capital) — 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|

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