Banner Solutions 401(K) Retirement Savings Plan — Form 5500 plan (Banner Solutions)
Plain-English plan 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, Banner Solutions 401(K) Retirement Savings Plan is a benefit plan reported by Banner Solutions under EIN 04-3359757 and plan number 001. The latest loaded filing year is 2023. The filing reports 408 participants and $12,783,409 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Banner Solutions
- EIN
- 04-3359757
- Plan number
- 001
- Plan type
- 2
- Location
- Chicago, IL
- Latest filing year
- 2023
- Participants
- 408
- End-of-year plan assets
- $12,783,409
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 408 | H, C | 20241011121456NAL0012468787001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,783,409
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,783,409
- Net assets (BOY)
- $11,958,848
Income & contributions
- Employer contributions
- $430,905
- Participant contributions
- $1,004,830
- Total contributions
- $1,495,064
- Total income / additions
- $3,448,247
Expenses & distributions
- Benefits paid
- $2,570,730
- Administrative expenses
- $49,215
- Total expenses
- $2,623,686
- Net increase / (decrease)
- $824,561
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lockton Investment Advisors, LLC | ADVISOR | $30,132 | not reported in the loaded dataset | 2023 |
| Newport Group, Inc. | RECORDKEEPER | $19,082 | $0 | 2023 |