2023 Form 5500 filing — Banner Engineering Corp. Profit Sharing Retirement Savings Plan And Trust
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 20240729145838NAL0041388482001) for Banner Engineering Corp. Profit Sharing Retirement Savings Plan And Trust, reported by Banner Engineering Corp under EIN 41-0907221 and plan number 002. It reports 1,741 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240729145838NAL0041388482001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banner Engineering Corp
- EIN
- 41-0907221
- Plan number
- 002
- Location
- Plymouth, MN
- Participants
- 1,741
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $176,297,416
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $176,297,416
- Employer contributions
- $4,094,835
- Participant contributions
- $7,628,258
- Total income / additions
- $43,014,237
- Benefits paid
- $23,423,177
- Administrative expenses
- $234,637
- Total expenses
- $23,657,814
- Net increase / (decrease)
- $19,356,423
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Vanguard Group Inc. | not reported in the loaded dataset | $130,516 | not reported in the loaded dataset |
| Vanguard Advisers Inc. | not reported in the loaded dataset | $60,017 | not reported in the loaded dataset |
| Usi Advisors, Inc. | not reported in the loaded dataset | $44,997 | not reported in the loaded dataset |