401(k) · DOL Form 5500 · 2023

Banyan Software Holdings, LLC 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
317
Participants Below avg headcount
75th
Percentile by assets National rank
$70,375
Avg per participant Below avg balance/head
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Official DOL plan name: Banyan Software Retirement Plan · Sponsored by Banyan Software Holdings, LLC · Georgia · Professional & Technical Services

$22M in assets, 317 participants

Banyan Software Holdings, LLC's Banyan Software Retirement Plan reported $22M in total assets and 317 participants in its 2023 DOL Form 5500 filing, ranking in the 75th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #15,169 in Professional & Technical Services (20,321 peers)

Coverage in Georgia

Banyan Software Retirement Plan covers 317 participants in Georgia, about 29% of the average Georgia filer (state average ~1,096 per filing). Assets: $22M.

#15,169
in Professional & Technical Services (20,321 peers)
+67.1%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Banyan Software Retirement Plan's outsized position by total assets

Banyan Software Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$22,308,721 Top 25% higher than 75% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Banyan Software Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banyan Software Retirement Plan sits mid-pack in the medium band (317 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Banyan Software Retirement Plan reported net income rose from $2M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Banyan Software Retirement Plan reported participants rose from 188 in the plan year 2022 filing to 317 in the plan year 2023 filing.
  • Banyan Software Retirement Plan end-of-year assets rose from $13M in the plan year 2022 filing to $22M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 853636022 · Banyan Software Holdings, LLC PY 2023 · 401(k)

Banyan Software Retirement Plan · $22M · 317 · 75th

  • BOY $22M
  • SCH 317
  • EBSA 75th
  • PART 401(k)
  • TYPE near Amplify Credit Union 401(k) Plan
  • NET ind #15169

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Georgia →

Banyan Software Retirement Plan in the asset neighbourhood

Banyan Software Retirement PlanBanyan Software Retirement P…$22MAmplify Credit Union 401(k) PlanAmplify Credit Union 401(k) …$22MWaterford Bank Retirement Savings PlanWaterford Bank Retirement Sa…$22MMcs Group Retirement Savings PlanMcs Group Retirement Savings…$22MNan Mckay and Associates, Inc. 401(k) Profit Sharing PlanNan Mckay and Associates, In…$22M
End-of-year total assets ($M) among Banyan Software Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Georgia filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$22M
Net Income$9M
Employer EIN853636022
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Banyan Software Holdings, LLC)

Sponsor-wide plan assets over time

All Banyan Software Holdings, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$35M 165.92217790102308% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $13.4M $35.5M ▲ +165.9%
Year Plans Participants Total Assets
2022 1 188 $13M
2023 1 317 $22M
2024 1 401 $35M

Nearby 401(k) Plans in Georgia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Banyan Software Retirement Plan vs. nearby 401(k) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -2000000200000400000600000 -505101520 Total assets ($B) Participants Banyan Software Retirement Plan, Total assets ($B): 0.022308721 · Participants: 317Banyan Software Retirement PlanThe Teamster - UPS National 401(k) Tax Deferred Savings Plan, Total assets ($B): 17.183099452 · Participants: 510511The Teamster - UPS National 401(k) Tax Deferred Savings PlanDelta 401(k) Retirement Plan, Total assets ($B): 16.184491444 · Participants: 83136Delta 401(k) Retirement PlanDelta 401(k) Retirement Plan for Pilots, Total assets ($B): 13.670948783 · Participants: 13283Delta 401(k) Retirement Plan for PilotsUPS 401(k) Savings Plan, Total assets ($B): 13.111089897 · Participants: 102231UPS 401(k) Savings PlanThe Home Depot Futurebuilder, Total assets ($B): 12.585718117 · Participants: 413365The Home Depot Futurebuilder
Banyan Software Retirement Plan vs. nearby 401(k) plans in Georgia, assets vs. participants

Banyan Software Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Georgia, the nearest 401(k) by assets is Amplify Credit Union 401(k) Plan in TX ($22M); by covered participants it is Mcguires Management Group 401(k) Plan in FL (317 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22M here).

Similar participant headcount

Nearest other-state filings by covered participants (317 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Banyan Software Retirement Plan assets move in 2023?
Banyan Software Retirement Plan surged - up 67.1% during 2023, from $13M to $22M. Reported net income was $9M.
How have Banyan Software Holdings, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Banyan Software Holdings, LLC's sponsor-wide assets grew 165.9%, from $13M to $35M.
Where does Banyan Software Retirement Plan rank by assets among Form 5500 filers?
Banyan Software Retirement Plan ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Banyan Software Retirement Plan?
Among 401(k) plans in other states, the closest by assets is Amplify Credit Union 401(k) Plan in TX ($22M, 251 participants).
Which 401(k) plans cover a similar participant headcount to Banyan Software Retirement Plan?
Among 401(k) plans in other states, the closest by covered participants is Mcguires Management Group 401(k) Plan in FL (317 participants, $2M in assets).