Plan Snapshot
- Plan Sponsor: Banyan Street Advisors LLC
- Sponsor EIN: 800718963
- Sponsor Address: 80 SW 8TH ST STE 2200, MIAMI, FL, 331303004
- Plan Type: 401(k)
- Total Participants: 112
- Total Assets: $10.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 112 | $10.5M | $337,567 | $852,384 |
| 2023 | 109 | $8.3M | $348,475 | $733,012 |
| 2022 | 102 | $6.7M | $374,556 | $687,922 |
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 |
|---|---|---|---|---|
| BRODY & ASSOCIATES PA | 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 | $52,089 | $30,765 | $20,364 | — | — |
| 2023 | $40,640 | $24,377 | $15,303 | — | — |
| 2022 | $38,373 | $23,199 | $15,174 | — | — |