Retirement plan

BANNER OPERATING CO., INC. PROFIT SHARING AND EMPLOYEES SAVINGS PLAN

Name: BANNER OPERATING CO., INC. - BANNER OPERATING CO., INC. PROFIT SHARING AND EMPLOYEES SAVINGS PLAN (2024) Form 5500
Creator: BANNER OPERATING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANNER OPERATING CO., INC. PROFIT SHARING AND EMPLOYEES SAVINGS PLAN, BANNER OPERATING CO., INC.

BANNER OPERATING CO., INC.EIN 46-4138660Plan #001PY 2024

1225 RIVERWOODS ROAD - LAKE FOREST, IL 60045847-295-4900LinkedIn11-50 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.9M

+33.3% from 2023

Total participants

+44.4% from 2023

Average account balance

$150,569

+26.3% from 2023

Annual return

18.06%

-2.35 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.86M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

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.

73.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$343K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+18.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1100

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

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$21K

$804 / participant

Other / not subdivided$21K100.0%

% of EOY assets

0.730%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,569

$81,358+85.1%

$155,556-3.2%

$80,959+86.0%

Participation rate

73.1%

66.3%+6.8pp

78.2%-5.1pp

67.7%+5.4pp

Annual return

18.06%

33.39%-15.3pp

64.84%-46.8pp

35.67%-17.6pp

Employer contribution / active EE

$3,802

$3,106+22.4%

$4,675-18.7%

$2,757+37.9%

Participant deferral / active EE

$9,382

$3,455+171.5%

$5,631+66.6%

$4,300+118.2%

Admin fee / account holder

$1,100

$7,994-86.2%

$15,885-93.1%

$6,925-84.1%

BANNER OPERATING CO., INC. PROFIT SHARING AND EMPLOYEES SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANNER OPERATING CO., INC. PROFIT SHARING AND EMPLOYEES SAVINGS PLAN

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