How big is Bantec Inc.'s plan?

Bantec Inc.'s plan reported $76K in assets and 5 participants for 2024.

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Original filing (PDF)20251014125045NAL0005900626001

Bantec Inc.

Name: Bantec Inc. — Form 5500 (2024)
Creator: Bantec Inc.
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Bantec Inc.

401(k) retirement plan · Bantec Inc. held $76K in plan assets for 5 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$76K

Net assets (EOY)

$76K

People on this filing

Michael Bannon signed Bantec Inc.'s 2024 Form 5500 as plan administrator.

Michael Bannon — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Bantec Inc.'s EIN is 30-0967943.

EIN 30-0967943

Plan number 001

Plan year 2024

ACK ID 20251014125045NAL0005900626001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Bantec Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Bantec Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

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Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (14th percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

BANTEC INC

EIN

all filings

Address

37 MAIN STREET · SPARTA, NJ · 07871

Phone

(203) 410-8924

Industry

Construction

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-14

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

Small plans don't disclose service providers

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