Plan Snapshot
- Plan Sponsor: Banner Property Management, LLC
- Sponsor EIN: 201342591
- Sponsor Address: 570 LAKE COOK RD., SUITE 325, DEERFIELD, IL, 60015
- Plan Type: 401(k)
- Total Participants: 93
- Total Assets: $11.6M
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 | 93 | $11.6M | $224,642 | $792,725 |
| 2023 | 95 | $10.6M | $251,608 | $833,793 |
| 2022 | 100 | $8.3M | $159,102 | $706,875 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC. | INVESTMENT ADVISOR | $31,766 | — | $31,766 |
| CAPITAL GROUP RETIREMENT PLAN SERVI | RECORDKEEPER | $18,908 | — | $18,908 |
| DUFEK & COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DUFEK & COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,674
- Estimated Expense Ratio: 0.435% of plan assets
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 | $53,749 | $31,766 | $3,150 | — | — |
| 2023 | $39,980 | $25,822 | $2,435 | — | — |
| 2022 | $54,653 | $26,707 | $27,946 | — | — |