Texas › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Bass Retirement Plan
Sponsored by Bepco, L.P., Fort Worth, TX
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Bepco, L.P. of Fort Worth, Texas sponsors Bass Retirement Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 1,056 participants (312 active) and $269M in net assets.
Net assets came to $171,382 per participant in plan year 2024, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well above the $119,983 median for defined benefit plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $10.0M for the year ($32,051 per active participant) and benefits paid were $72.6M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $1.7M: $1,610 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.9M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $205M in 2010 to $269M in 2025 (up 31%), and participants from 2,275 to 1,056 (down 54%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $171,382 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | $91,743 | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $743 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.43% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $1,117 | $513 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), finance and insurance (690) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 1,056 | $269M | $254,340 | $10.0M | — | $1.7M |
| 2024 | 1,768 | $303M | $171,382 | $30.0M | — | $1.3M |
| 2023 | 2,394 | $331M | $138,253 | — | — | $1.7M |
| 2022 | 2,391 | $323M | $135,033 | — | — | $1.6M |
| 2021 | 2,401 | $467M | $194,697 | — | — | $2.2M |
| 2020 | 2,433 | $473M | $194,577 | — | — | $1.1M |
| 2019 | 2,462 | $425M | $172,738 | — | — | $1.5M |
| 2018 | 2,455 | $366M | $149,120 | $5.5M | — | $1.3M |
| 2017 | 2,436 | $401M | $164,758 | $105M | — | $1.1M |
| 2016 | 2,418 | $264M | $109,158 | $19.2M | — | $881K |
| 2015 | 2,456 | $250M | $101,694 | $17.5M | — | $945K |
| 2014 | 2,412 | $262M | $108,627 | $10.0M | — | $794K |
| 2013 | 2,334 | $259M | $110,942 | $5.9M | — | $689K |
| 2012 | 2,301 | $242M | $104,992 | $6.9M | — | $773K |
| 2011 | 2,265 | $244M | $107,525 | $47.0M | — | $729K |
| 2010 | 2,275 | $205M | $90,138 | $14.7M | — | $631K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$303,003,690
- Employer contributions$10,000,000
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$10,000,000
- Total income, including investment results$40,141,778
- Benefits paid$72,633,492
- Administrative expenses$1,928,627
- Total expenses$74,562,119
- Net income−$34,420,341
- Net transfers$0
- Net assets, end of year$268,583,349
Participants
- Active participants312
- Retired or separated, receiving benefits304
- Retired or separated, entitled to future benefits388
- Total participants, end of year1,056
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $864,730 | $0 |
| Willis Towers Watson US LLC | Actuarial | $589,673 | $0 |
| Luther King Capital Mgmt. Corp. | Investment management | $146,269 | $0 |
| BlackRock | Investment management | $36,352 | $0 |
| Nisa Investment Advisors LLC | Investment management | $36,043 | $0 |
| Troutman Sanders LLP | Legal | $26,717 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Trustee and custodial fees$864,730
- Actuarial fees$589,673
- Investment advisory and management fees$220,736
- Other administrative expenses$187,408
- IQPA audit fees$39,000
- Legal fees$27,080
- Total administrative expenses$1,928,627
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$204M · 75.9%
- Corporate stocks$24.3M · 9.0%
- U.S. Government securities$22.2M · 8.2%
- Receivables$10.0M · 3.7%
- Registered investment companies (mutual funds)$8.1M · 3.0%
- Other investments$35K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 523900: Other Financial Investment Activities (including portfolio management & investment advice).
Other plans of Bepco, L.P.
| Plan | Participants | Net assets |
|---|---|---|
| Bass Thrift / 401(k) Plan and Trust | 640 | $123M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| American Income Life Insurance Company Collective Bargaining Agreement Employees Pension Plan | American Income Life Insurance Co. | 1,091 | $45.9M | $42,065 |
| Unify Financial Credit Union Pension Plan | Unify Financial Credit Union | 584 | $91.8M | $157,204 |
| Retirement Plan and Trust for Employees of Credit Human Federal Credit Union | Credit Human Federal Credit Union | 1,263 | $181M | $143,388 |
| Orix Financial Services, Inc. Retirement Plan | Orix Corporation USA | 547 | $37.0M | $67,559 |
| Retirement Plan for Employees of Cullen/frost Bankers, Inc. & Its Affiliates | Cullen/frost Bankers, Inc. | 2,313 | $170M | $73,324 |
| Southern Region of Teamsters Pension Plan | Trustees, Southern Region of Teamsters Pension Trust Fund | 517 | $40.0M | $77,399 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Bass Retirement Plan?
1,056 participants at the end of the plan year ending 31 Dec 2025, of whom 312 were active employees, with net assets of $268,583,349. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Bepco, L.P. contribute per participant?
The filing reports $10,000,000 in employer contributions for the year, which is $32,051 per active participant; the median for plans of the same type and size was $10,593 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $1,699,784 in compensation to service provider organisations, $1,610 per participant or 0.63% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,928,627. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Bepco, L.P.. Investment advisory or management: Luther King Capital Mgmt. Corp., BlackRock and Nisa Investment Advisors LLC. Trustee or custodian: Northern Trust Company. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 20 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 75-1076930, plan 002, received 20 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.