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

> Basic Systems INC's 401(k) plan: 67 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/sisterson-and-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|

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