Plan Ledger DOL Form 5500 · updated monthly

Banyan Street Advisors LLC401(k)

BANYAN STREET ADVISORS LLC 401(K) PROFIT SHARING PLAN & TRUST · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.55%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Banyan Street Advisors LLC reported $52,089 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $3,014 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,733rd-largest of 3,644 plans among Florida employers on file, and 1,081st of 2,096 in real estate & leasing. In 2024, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,503,856
Participants with balances119
Active participants112
Employer contributions$337,567
Employee contributions$852,384
Employer contribution per active participant$3,014
Average account balance$88,268
Benefits paid to participants$624,953
Plan auditUnmodified (clean) audit opinion
AuditorBRODY & ASSOCIATES PA
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 119 accts · $338K emplr
2023$8.3M · 117 accts · $348K emplr
2022$6.7M · 112 accts · $375K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,364
Investment management$30,765
Trustee / custodial$960
Total administrative$52,089
The Banyan Street Advisors LLC 401(k) match · 2024
Employer contribution per active participant$3,014
Median for plans this size$1,313
2024$3,014 per active participant
2023$3,197 per active participant
2022$3,672 per active participant

Banyan Street Advisors LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PAYCHEX, INC. · Recordkeeping$20,424
MERRILL LYNCH, PIERCE, FENNER · Investment advisory (plan)$30,765

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Paychex
2023Bank of America / Merrill, Paychex

This plan has changed recordkeepers within these filings. If you left Banyan Street Advisors LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,089 · 0.55%
2023$40,640 · 0.54%
2022$38,373 · 0.54%
Same employer
Similar plansReal Estate & Leasing · Florida
The Altman Companies, LLC FL$10.7M · 0.60%
Crm Management, LLC FL$10.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800718963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.