2023 Form 5500 filing — Banyan Software 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 20241014220004NAL0028355073001) for Banyan Software Retirement Plan, reported by Banyan Software Holdings, LLC under EIN 85-3636022 and plan number 001. It reports 359 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014220004NAL0028355073001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Banyan Software Holdings, LLC
- EIN
- 85-3636022
- Plan number
- 001
- Location
- Atlanta, GA
- Participants
- 359
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $22,308,721
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,308,721
- Employer contributions
- $1,085,872
- Participant contributions
- $2,765,460
- Total income / additions
- $10,638,682
- Benefits paid
- $1,586,389
- Administrative expenses
- $91,837
- Total expenses
- $1,678,226
- Net increase / (decrease)
- $8,960,456
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $44,052 | $0 |
| Alera Investment Advisors LLC | ADVISOR | $39,049 | not reported in the loaded dataset |
| Strategic Advisors, Inc. | ADVISOR | $8,736 | not reported in the loaded dataset |