# Banner Property Management, LLC 401(k) Plan
Source: https://planprovider.pro/companies/banner-property-management-llc-401k-plan

> Banner Property Management, LLC's 401(k) plan: 93 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/dufek-and-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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/banner-property-management-llc-401k-plan)

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