Plan Snapshot
- Plan Sponsor: Banner Solutions
- Sponsor EIN: 043359757
- Sponsor Address: 515 N STATE ST, CHICAGO, IL, 60654
- Plan Type: 401(k)
- Total Participants: 256
- Total Assets: $13.8M
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 | 256 | $13.8M | $410,062 | $1.1M |
| 2023 | 270 | $12.8M | $430,905 | $1.0M |
| 2022 | 274 | $12.0M | $464,360 | $1.1M |
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 |
|---|---|---|---|---|
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
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 | $51,420 | $30,669 | $3,675 | — | — |
| 2023 | $49,215 | $30,132 | $13,279 | — | — |
| 2022 | $56,580 | $30,126 | $26,454 | — | — |