# Banyan Air Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/banyan-air-services-inc-401k-plan

> Banyan Air Services, INC.'s 401(k) plan: 194 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Banyan Air Services, INC.

- **Sponsor EIN:** 591922446

- **Sponsor Address:** 5360 N.W. 20TH TERRACE, FT. LAUDERDALE, FL, 33309

- **Plan Type:** 401(k)

- **Total Participants:** 194

- **Total Assets:** $19.3M

## 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|194|$19.3M|$438,771|$1.3M|

| 2023|191|$16.7M|$389,492|$1.2M|

| 2022|182|$13.9M|$332,543|$1.0M|

## 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|

| BAS PARTNERS LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BAS PARTNERS LLC](https://planprovider.pro/provider/bas-partners) — 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|$2,406|—|—|—|—|

| 2023|$2,400|—|—|—|—|

| 2022|$1,950|—|—|—|—|

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