401(K) Plan Of Banfi Products Corporation — Form 5500 plan (Banfi Products Corporation)
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, 401(K) Plan Of Banfi Products Corporation is a benefit plan reported by Banfi Products Corporation under EIN 13-4941010 and plan number 004. The latest loaded filing year is 2023. The filing reports 94 participants and $21,496,875 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Banfi Products Corporation
- EIN
- 13-4941010
- Plan number
- 004
- Plan type
- 2
- Location
- Melville, NY
- Latest filing year
- 2023
- Participants
- 94
- End-of-year plan assets
- $21,496,875
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 94 | H, C | 20241209090108NAL0018779346001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,496,875
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,496,875
- Net assets (BOY)
- $19,666,409
Income & contributions
- Employer contributions
- $165,146
- Participant contributions
- $654,940
- Total contributions
- $940,342
- Total income / additions
- $3,959,746
Expenses & distributions
- Benefits paid
- $2,089,431
- Administrative expenses
- $39,849
- Total expenses
- $2,129,280
- Net increase / (decrease)
- $1,830,466
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fm International | FEES | $26,886 | $0 | 2023 |
| Leafhouse Financial | ADVISERY FEES | $10,037 | $0 | 2023 |
| Nationwide | ASSET, CUSTODIAL, FEES | $2,007 | $0 | 2023 |