2023 Form 5500 filing — Banesco Usa 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241009101936NAL0010520723001) for Banesco Usa 401(K) Plan, reported by Banesco Usa under EIN 20-2768792 and plan number 001. It reports 405 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$22.1MReported net assets$22,120,355
Participants405
Provider compensation$117.3K3 Schedule C row(s)$117,283
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241009101936NAL0010520723001
- Plan sponsor
- Banesco Usa
- EIN
- 20-2768792
- Plan number
- 001
- Location
- Miami, FL
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$22.1M total assets
Net assets$22.1MLiabilities$0
Full reported line items
- Total assets (EOY)
- $22,120,355
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,120,355
- Employer contributions
- $937,682
- Participant contributions
- $1,645,380
- Total income / additions
- $6,566,594
- Benefits paid
- $2,428,043
- Administrative expenses
- $43,542
- Total expenses
- $2,517,955
- Net increase / (decrease)
- $4,048,639
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESMENT ADVISOR | $0 | $73,741 |
| Adp, Inc. | RECORD KEEPER | $43,542 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |