401(k)
2024 plan-year 401(k) DOL Form 5500

Banyan Medical Solutions, Inc. 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Banyan Medical Solutions, LLC · Nebraska · Professional & Technical Services

What the 2023 filing shows

Banyan Medical Solutions, Inc. 401(k) Plan holds $3M for 439 participants — about $7,866 per participant, up 35.2% over the 2024 plan year.

$3M
total plan assets (2024 EOY)
439
covered participants
$7,866
avg assets per participant
+35.2%
assets growth YoY
Total Assets (2023)
$3M
Participants
439
State
Industry
Professional & Technical Services

What the Filing Says About Banyan Medical Solutions, Inc. 401(k) Plan

Banyan Medical Solutions, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by Banyan Medical Solutions, LLC, headquartered in Nebraska. As of the 2024 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 439 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 934518547, and the plan has been effective since 2011-02-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $3M at the beginning of 2024 to $3M at year-end — a gain of 35.2%. Net assets (after liabilities) closed the year at $3M, with reported net income of $898K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$3M
Total Assets (End of Year)$3M
Net Assets (End of Year)$3M
Net Income$898K
Plan Type401(k)
Employer EIN934518547
Plan Effective Date2011-02-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the Banyan Medical Solutions, Inc. 401(k) Plan?
As of the 2024 Form 5500 filing, Banyan Medical Solutions, Inc. 401(k) Plan holds $3M in total assets with 439 participants. It is sponsored by Banyan Medical Solutions, LLC.
What type of plan is Banyan Medical Solutions, Inc. 401(k) Plan?
Banyan Medical Solutions, Inc. 401(k) Plan is a 401(k) plan. It has been effective since 2011-02-01. The plan is filed with the U.S. Department of Labor under EIN 934518547.
Who sponsors the Banyan Medical Solutions, Inc. 401(k) Plan?
Banyan Medical Solutions, Inc. 401(k) Plan is sponsored by Banyan Medical Solutions, LLC, located in Nebraska. The sponsor's EIN is 934518547 and the plan operates in the Professional & Technical Services industry.
How did Banyan Medical Solutions, Inc. 401(k) Plan perform in 2024?
Banyan Medical Solutions, Inc. 401(k) Plan grew by 35.2% during 2024, moving from $3M to $3M in total assets. Net income was $898K.
Where can I find official filings for Banyan Medical Solutions, Inc. 401(k) Plan?
Official Form 5500 filings for Banyan Medical Solutions, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 934518547 or plan name at efast.dol.gov.
How does Banyan Medical Solutions, Inc. 401(k) Plan compare to other plans?
You can compare Banyan Medical Solutions, Inc. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Nebraska on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 934518547.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.