Back to filter
Original filing (PDF)20241011144559NAL0011039267001
BANYAN MEDICAL SYSTEMS, INC.
Form 5500
FILING_RECEIVED
BANYAN MEDICAL SYSTEMS, INC. 401(K) PLAN
401(k) retirement plan
Signals · 1
~86 bps in Sched C fees
Active participants
420
Accounts w/ balance
209
Plan assets (EOY)
$2.6M
Net assets (EOY)
$2.6M
How this plan invests
This plan
1 collective trust
Schedule D
Individual securities
on each trust's filing
This plan doesn't hold securities directly — it invests through trusts. Click a trust below to drill into its securities.
Plan health score (directional)
81
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
100
Participation health
65
Knocking points off
- 86 bps in Schedule C fees — 65% above peer band of 52 bps.
- Only 50% as many balances as active participants — suggests many active employees aren't deferring.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BANYAN MEDICAL SYSTEMS, INC..
Plan sponsor
Name
BANYAN MEDICAL SYSTEMS, INC.
EIN
20-5593461
Address
8701 F STREET · OMAHA, NE · 68127
Phone
(531) 444-0160
Industry
Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2023
Plan year begin
2023-01-01
Tax period
2023-12-31
Filed
2024-10-11
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
DOEREN MAYHEW ASSURANCE
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ADP RETIREMENT SERVICES | 57-1198022 | — | RECORDKEEPER | $12K | — |
| JOHN HANCOCK LIFE INSURANCE COMPANY | 01-0233346 | — | RECORDKEEPER | $2K | — |
Advisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EDWARD D JONES | 43-0345811 | CAMERON, MO | RIA | $8K | — |
| WILSHIRE ASSOCIATES | 95-2775361 | SANTA MONICA, CA | RIA | $316 | — |
Investments
1 pooled fund· $20K(1% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
| Investment | Type | Current value | % of plan |
|---|---|---|---|
| INVESCO STABLE ASSET - ADPZ INVESCO TRUST COMPANY · EIN 27-3884161 / PN 001 | Common Collective Trust | $20K | 0.8% |