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 (2016) 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 2016

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

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$254K

+196.8% from 2015

Total participants

+26.7% from 2015

Average account balance

$16,965

+196.8% from 2015

Annual return

15.54%

+15.54 pp from 2015

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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

$16,965

$181,896-90.7%

$156,551-89.2%

$273,972-93.8%

Participation rate

73.3%

88.4%-15.1pp

84.0%-10.7pp

83.0%-9.7pp

Annual return

15.54%

30.74%-15.2pp

32.23%-16.7pp

41.46%-25.9pp

Employer contribution / active EE

$3,158

$6,248-49.5%

$5,501-42.6%

$4,869-35.1%

Participant deferral / active EE

$7,203

$5,550+29.8%

$4,871+47.9%

$5,287+36.2%

Admin fee / account holder

$15,560-100.0%

$13,028-100.0%

$10,133-100.0%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion