2023 Form 5500 filing — Banyan Retirement 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 20241011152417NAL0012697683003) for Banyan Retirement Plan, reported by Banyan Health Systems, Inc. under EIN 65-0373584 and plan number 002. It reports 517 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011152417NAL0012697683003
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banyan Health Systems, Inc.
- EIN
- 65-0373584
- Plan number
- 002
- Location
- Miami, FL
- Participants
- 517
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,573,973
- Net assets (EOY)
- $2,573,973
- Employer contributions
- $79,104
- Participant contributions
- $447,085
- Total income / additions
- $816,048
- Benefits paid
- $94,200
- Administrative expenses
- $19,618
- Total expenses
- $113,818
- Net increase / (decrease)
- $702,230
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance | not reported in the loaded dataset | $5,428 | $0 |
| Nationwide | RECORDKEEPER | not reported in the loaded dataset | not reported in the loaded dataset |
| Raymond James | INVESTMENT ADVISOR | not reported in the loaded dataset | not reported in the loaded dataset |
| Definiti LLC | THIRD PARTY ADMINISTRATOR | not reported in the loaded dataset | not reported in the loaded dataset |