Plan Snapshot
- Plan Sponsor: Bankunited, INC.
- Sponsor EIN: 270162450
- Sponsor Address: 14820 NW 77 COURT, MIAMI LAKES, FL, 33016
- Plan Type: 401(k)
- Total Participants: 1,673
- Total Assets: $248.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,673 | $248.2M | $7.8M | $14.1M |
| 2023 | 1,604 | $211.4M | $7.6M | $14.0M |
| 2022 | 1,599 | $169.0M | $6.8M | $12.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CBIZ CPAS, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $270,355 | $29,793 | $57,270 | — | — |
| 2023 | $246,033 | $29,849 | $37,142 | — | — |
| 2022 | $213,581 | $18,717 | $161,810 | — | — |