Banesco Usa 401(K) Plan — Form 5500 plan (Banesco Usa)

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, Banesco Usa 401(K) Plan is a benefit plan reported by Banesco Usa under EIN 20-2768792 and plan number 001. The latest loaded filing year is 2023. The filing reports 405 participants and $22,120,355 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$22.1MPlan net assets, end of year$22,120,355
Participants405Covered participants reported
Assets / participant$54.6KComputed: assets ÷ participants$54,618 (computed)
Provider compensation$117.3K3 Schedule C provider row(s)$117,283
Plan sponsor
Banesco Usa
EIN
20-2768792
Plan number
001
Plan type
2
Location
Miami, FL
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    405 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$22.1M total assets
Net assets$22.1MLiabilities$0
Money in vs. money out
Total income / additions$6.6M
Total expenses$2.5M
Benefits paid / distributions$2.4M
Contributions
Employer$937.7K
Participant$1.6M
Full reported line items

Net assets

Total assets (EOY)
$22,120,355
Total liabilities (EOY)
$0
Net assets (EOY)
$22,120,355
Net assets (BOY)
$18,071,716

Income & contributions

Employer contributions
$937,682
Participant contributions
$1,645,380
Total contributions
$3,464,341
Total income / additions
$6,566,594

Expenses & distributions

Benefits paid
$2,428,043
Administrative expenses
$43,542
Total expenses
$2,517,955
Net increase / (decrease)
$4,048,639
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 36%Participant 64%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income37%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    INVESMENT ADVISOR · Direct $0 · Indirect $73.7K
  2. 2
    Adp, Inc.$43.5K
    RECORD KEEPER · Direct $43.5K · Indirect $0
  3. 3
    RECORD KEEPER · Direct $0 · Indirect $0

Related Form 5500 pages