THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES
Plan Contact
- Contact person: SAY W. SMEDAL
- Phone: (925) 472-4000
Plan General Information
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Total Retirement Plan Assets
At the end of 2003, the total retirement plan assets of THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES is $11,746,905.00.This plan was established in 1996.
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2003, the total number of retirement plan participants in THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES is 1564
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Average Participant Retirement Account Value
In 2003, the average participant retirement account value for THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES is $7,510.00
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Estimated Average Employee Contribution Amount
In 2003, the estimated average employee contribution amount per participant for THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES is $1,983.00.
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Estimated Average Employer Match
In 2003, the estimated average employer match for an employee in THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES is approximately $373.00
Investing in this additonal $373.00 for 20 years would give you extra $23,872.00, assuming a 10% annual return.
Investing in this additonal $373.00 for 20 years would give you extra $23,872.00, assuming a 10% annual return.
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Total Employer Contribution and Match Rate
In 2003, THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES allocates $583,378.00 to match its employees' contributions, providing an employer match rate of 37.62% of their contributions
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2003, the total retirement plan asset growth rate of THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES is 39.81%.
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2003, the estimated aggregate retirement account investment gain/loss for THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES is 19.82%. This measures the effectiveness of the plan participants' investments in the year.
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES Expense Ratio
In 2003, the investment and administrative expense ratio of THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES is 0.24%.
Enrollment Features
THE BASIC COMPANIES 401K RETIREMENT SAVINGS PLAN FOR OPERATIONAL EMPLOYEES has the following features:Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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