Plan Snapshot
- Plan Sponsor: Basic Systems INC
- Sponsor EIN: 311055449
- Sponsor Address: 9255 CADIZ RD, CAMBRIDGE, OH, 437259564
- Plan Type: 401(k)
- Total Participants: 67
- Total Assets: $15.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 67 | $15.1M | $215,524 | $368,385 |
| 2023 | 68 | $14.2M | $236,058 | $362,878 |
| 2022 | 63 | $11.7M | $64,137 | $156,195 |
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 |
|---|---|---|---|---|
| SISTERSON & CO. LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SISTERSON & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $60,352 | $39,235 | $20,257 | — | — |
| 2023 | $48,688 | $33,298 | $14,530 | — | — |
| 2022 | $30,165 | $15,308 | $8,357 | — | $6,500 |