BASIC RESOURCES, INC. 401(K) PLAN

Plan Contact

  • Address: 928 12TH STREET,,MODESTO,CA
  • Contact person: WENDELL REED
  • Phone: (209) 521-9771

Plan General Information

BASIC RESOURCES, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2011, the total retirement plan assets of BASIC RESOURCES, INC. 401(K) PLAN is $28,222,189.00.This plan was established in 1999.

BASIC RESOURCES, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2011, the total number of retirement plan participants in BASIC RESOURCES, INC. 401(K) PLAN is 744

BASIC RESOURCES, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2011, the average participant retirement account value for BASIC RESOURCES, INC. 401(K) PLAN is $37,933.00

BASIC RESOURCES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2011, the estimated average employee contribution amount per participant for BASIC RESOURCES, INC. 401(K) PLAN is $2,219.00.

BASIC RESOURCES, INC. 401(K) PLAN Estimated Average Employer Match

In 2011, the estimated average employer match for an employee in BASIC RESOURCES, INC. 401(K) PLAN is approximately $2,187.00
Investing in this additonal $2,187.00 for 20 years would give you extra $139,983.00, assuming a 10% annual return.

BASIC RESOURCES, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2011, BASIC RESOURCES, INC. 401(K) PLAN allocates $1,627,312.00 to match its employees' contributions, providing an employer match rate of 197.13% of their contributions

BASIC RESOURCES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2011, the total retirement plan asset growth rate of BASIC RESOURCES, INC. 401(K) PLAN is -0.24%.

BASIC RESOURCES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2011, the estimated aggregate retirement account investment gain/loss for BASIC RESOURCES, INC. 401(K) PLAN is 2.31%. This measures the effectiveness of the plan participants' investments in the year.

BASIC RESOURCES, INC. 401(K) PLAN Expense Ratio

In 2011, the investment and administrative expense ratio of BASIC RESOURCES, INC. 401(K) PLAN is 0.50%.

Enrollment Features

BASIC RESOURCES, INC. 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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