Plan Ledger DOL Form 5500 · updated monthly

Basa Resources, Inc.401(k)

BASA RESOURCES, INC. 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.25%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Basa Resources, Inc. reported $64,639 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,960 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.34% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 1,692nd-largest of 5,688 plans among Texas employers on file, and the 261st of 612 in mining, oil & gas extraction. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,246,136
Participants with balances214
Active participants199
Employer contributions$987,079
Employee contributions$1,501,952
Employer contribution per active participant$4,960
Average account balance$122,645
Benefits paid to participants$5,179,208
Plan auditUnmodified (clean) audit opinion
AuditorBLAND GARVEY
Plan history3
Yearassets · accounts · employer contribution
2024$26.2M · 214 accts · $987K emplr
2023$25.5M · 218 accts · $974K emplr
2022$20.6M · 216 accts · $921K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,490
Investment management$30,149
Total administrative$64,639
The Basa Resources, Inc. 401(k) match · 2024
Employer contribution per active participant$4,960
Median for plans this size$2,416
2024$4,960 per active participant
2023$4,872 per active participant
2022$4,627 per active participant

Basa Resources, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$34,490
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$30,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$64,639 · 0.25%
2023$66,985 · 0.29%
2022$74,374 · 0.34%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Pason Systems USA Corp. TX$29.5M · 0.11%
Ecopetrol USA, Inc. TX$29.3M · 0.22%
Maguire Oil Company TX$28.7M · 0.22%
Primeenergy Corporation TX$27.4M · 0.15%
Dawson Geophysical Company TX$25.3M · 0.45%
Baytex Energy USA, Inc. TX$25.2M · 0.16%
Tgnr Holdco LLC TX$24.3M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752280552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.