2023 Form 5500 filing — Banco Santander Usa Offices 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 20241014162339NAL0027849473001) for Banco Santander Usa Offices Retirement Plan, reported by Banco Santander S.A. New York Branch under EIN 13-2617929 and plan number 001. It reports 1,216 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014162339NAL0027849473001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banco Santander S.A. New York Branch
- EIN
- 13-2617929
- Plan number
- 001
- Location
- New York, NY
- Participants
- 1,216
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $162,100,423
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $162,100,423
- Employer contributions
- $818,000
- Total income / additions
- $14,134,978
- Benefits paid
- $5,415,063
- Administrative expenses
- $493,080
- Total expenses
- $5,908,143
- Net increase / (decrease)
- $8,226,835
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Towers Watson Investment Services | INVESTMENT CONSULTANT | $223,339 | not reported in the loaded dataset |
| Willis Towers Watson Us LLC | NONE | $48,775 | not reported in the loaded dataset |
| Principal Trust Company | TRUSTEE | $35,706 | not reported in the loaded dataset |
| Korn Ferry (Us) | NONE | $26,880 | not reported in the loaded dataset |
| Herbein + Company, Inc. | NONE | $22,500 | not reported in the loaded dataset |
| Blackrock Institutional Trust Co | INVESTMENT MANAGER | $13,206 | not reported in the loaded dataset |
| State Street Global Advsrs Trust Co | INVESTMENT MANAGER | $6,069 | $0 |