Basic American, Inc.401(k)

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

Basic American, Inc. reported $513,499 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,910 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 3 years on file its reported administrative ratio has held roughly steady near 0.33%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 672nd-largest of 9,483 plans among California employers on file, and the 1,365th of 13,661 in manufacturing. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has shrunk from 1,051 to 871 since 2022.