2023 Form 5500 filing — Banner Solutions 401(K) Retirement Savings 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 20241011121456NAL0012468787001) for Banner Solutions 401(K) Retirement Savings Plan, reported by Banner Solutions under EIN 04-3359757 and plan number 001. It reports 408 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011121456NAL0012468787001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banner Solutions
- EIN
- 04-3359757
- Plan number
- 001
- Location
- Chicago, IL
- Participants
- 408
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,783,409
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,783,409
- Employer contributions
- $430,905
- Participant contributions
- $1,004,830
- Total income / additions
- $3,448,247
- Benefits paid
- $2,570,730
- Administrative expenses
- $49,215
- Total expenses
- $2,623,686
- Net increase / (decrease)
- $824,561
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lockton Investment Advisors, LLC | ADVISOR | $30,132 | not reported in the loaded dataset |
| Newport Group, Inc. | RECORDKEEPER | $19,082 | $0 |