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).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$2.6MReported net assets$2,573,973
Participants517
Provider compensation$5.4K4 Schedule C row(s)$5,428
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241011152417NAL0012697683003
- Plan sponsor
- Banyan Health Systems, Inc.
- EIN
- 65-0373584
- Plan number
- 002
- Location
- Miami, FL
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$2.6M total assets
Net assets$2.6MLiabilities—
Full reported line items
- 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
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 |