Who sponsors the Banyan Retirement Plan?

Banyan Retirement Plan is reported as sponsored by Banyan Health Systems, Inc. (EIN 65-0373584, plan number 002) in public Form 5500 filings.

What is the most recent Form 5500 filing year for Banyan Retirement Plan?

The latest Form 5500 filing year loaded for Banyan Retirement Plan is 2023.

How many participants does Banyan Retirement Plan report?

Banyan Retirement Plan reports 517 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for Banyan Retirement Plan?

Banyan Retirement Plan reports $2,573,973 in end-of-year plan assets in its latest loaded Form 5500 filing.

Banyan Retirement Plan — Form 5500 plan (Banyan Health Systems, Inc.)

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, Banyan Retirement Plan is a benefit plan reported by Banyan Health Systems, Inc. under EIN 65-0373584 and plan number 002. The latest loaded filing year is 2023. The filing reports 517 participants and $2,573,973 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.6MPlan net assets, end of year$2,573,973

Participants517Covered participants reported

Assets / participant$5KComputed: assets ÷ participants$4,979 (computed)

Provider compensation$5.4K4 Schedule C provider row(s)$5,428

Plan sponsor: Banyan Health Systems, Inc.
EIN: 65-0373584
Plan number: 002
Plan type: 2
Location: Miami, FL
Latest filing year: 2023

Form 5500 filing history

Filings loaded for this plan
Filing year	Participants	Schedules	Filing
2023	517	H, C	20241011152417NAL0012697683003

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)$2.6M total assets

Net assets$2.6MLiabilities—

Money in vs. money out

Total income / additions$816K

Total expenses$113.8K

Benefits paid / distributions$94.2K

Contributions

Employer$79.1K

Participant$447.1K

Full reported line items

Net assets

Total assets (EOY): $2,573,973
Net assets (EOY): $2,573,973
Net assets (BOY): $1,871,743

Income & contributions

Employer contributions: $79,104
Participant contributions: $447,085
Total contributions: $526,189
Total income / additions: $816,048

Expenses & distributions

Benefits paid: $94,200
Administrative expenses: $19,618
Total expenses: $113,818
Net increase / (decrease): $702,230

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)

15%85%

Employer 15%Participant 85%

Total expenses ÷ net assets4%Computed ratio

Benefits paid ÷ total income12%Computed ratio

Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
Provider	Service	Direct comp.	Indirect comp.	Year
Principal Life Insurance	not reported in the loaded dataset	$5,428	$0	2023
Nationwide	RECORDKEEPER	not reported in the loaded dataset	not reported in the loaded dataset	2023
Raymond James	INVESTMENT ADVISOR	not reported in the loaded dataset	not reported in the loaded dataset	2023
Definiti LLC	THIRD PARTY ADMINISTRATOR	not reported in the loaded dataset	not reported in the loaded dataset	2023