2023 Form 5500 filing — Banyan Medical Systems, Inc. 401(K) 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 20241011144559NAL0011039267001) for Banyan Medical Systems, Inc. 401(K) Plan, reported by Banyan Medical Systems, Inc. under EIN 20-5593461 and plan number 001. It reports 508 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011144559NAL0011039267001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banyan Medical Systems, Inc.
- EIN
- 20-5593461
- Plan number
- 001
- Location
- Omaha, NE
- Participants
- 508
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,554,516
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,554,516
- Employer contributions
- $189,775
- Participant contributions
- $603,516
- Total income / additions
- $1,407,657
- Benefits paid
- $300,710
- Administrative expenses
- $33,089
- Total expenses
- $333,799
- Net increase / (decrease)
- $1,073,858
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adp Retirement Services | RECORDKEEPER | $12,057 | $0 |
| Edward D Jones | RIA | $7,907 | $0 |
| John Hancock Life Insurance Company | RECORDKEEPER | $1,675 | $0 |
| Wilshire Associates | RIA | $316 | $0 |