Retirement plan

BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST

Name: BANNER PROPERTY MANAGEMENT, LLC - BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST (2023) Form 5500
Creator: BANNER PROPERTY MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST, BANNER PROPERTY MANAGEMENT, LLC

BANNER PROPERTY MANAGEMENT, LLCEIN 20-1342591Plan #001PY 2023

570 LAKE COOK RD., SUITE 325 - DEERFIELD, IL 60015847-656-5109bannerapartments.comLinkedIn201-500 employeesreal estate

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.6M

+26.8% from 2022

Total participants

140

+2.2% from 2022

Average account balance

$77,617

+24.0% from 2022

Annual return

22.62%

+39.57 pp from 2022

Benchmarks

See 4,122 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort4,122 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$11.64M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$90K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

130

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.38%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$413

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES6 years Filed as: RAYMOND JAMES & ASSOCIATES INC. Service code 27 880 CARILLON PKWY · ST. PETERSBURG, FL 33716	Advisory (Plan)	$25,822
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$11,948
SHORE TOMPKINS ACTUARIAL RESOURCES8 years Service code 13 2 N RIVERSIDE PLAZA, SUITE 1230 · CHICAGO, IL 60606	Contract Administrator	$2,435

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$40K

$421 / participant

Recordkeeping$12K29.3%
Investment mgmt$26K64.6%
Contract admin$2K6.1%

% of EOY assets

0.379%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DUFEK & COMPANY, LLC
Auditor EIN: 271515696
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,617

$70,669+9.8%

$169,368-54.2%

$75,163+3.3%

Participation rate

95.8%

64.8%+31.0pp

77.1%+18.6pp

67.2%+28.6pp

Annual return

22.62%

36.36%-13.7pp

405.60%-383.0pp

160.62%-138.0pp

Employer contribution / active EE

$2,649

$2,211+19.8%

$4,013-34.0%

$2,670-0.8%

Participant deferral / active EE

$8,777

$4,311+103.6%

$6,221+41.1%

$4,125+112.8%

Admin fee / account holder

$294

$5,402-94.6%

$9,003-96.7%

$5,651-94.8%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES6 years

Filed as: RAYMOND JAMES & ASSOCIATES INC.

Service code 27

880 CARILLON PKWY · ST. PETERSBURG, FL 33716

Advisory (Plan)

$25,822

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$11,948

SHORE TOMPKINS ACTUARIAL RESOURCES8 years

Service code 13

2 N RIVERSIDE PLAZA, SUITE 1230 · CHICAGO, IL 60606

Contract Administrator

$2,435

BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion