IRA-Based · DOL Form 5500 · 2024

Banyan Health Systems, Inc. IRA-Based Retirement Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
402
Participants Below avg headcount
35th
Percentile by assets National rank
$7,947
Avg per participant Low balance/head
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Official DOL plan name: Banyan Retirement Plan · Sponsored by Banyan Health Systems, Inc. · Florida · Healthcare & Social Assistance

$3M in assets, 402 participants

Banyan Health Systems, Inc.'s Banyan Retirement Plan reported $3M in total assets and 402 participants in its 2024 DOL Form 5500 filing, ranking in the 35th 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.

  • #5,987 in Healthcare & Social Assistance (16,916 peers)

Banyan Health Systems, Inc. multi-year trail

Banyan Health Systems, Inc.'s plans moved +70.7% in assets from 2022 to 2024; this filing shows Banyan Retirement Plan at $3M / 402 participants.

#5,987
in Healthcare & Social Assistance (16,916 peers)
+24.1%
assets growth YoY

Banyan Retirement Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers

Banyan Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,194,540 35th percentile higher than 35% of 123,620 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 2024

Banyan Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banyan Retirement Plan sits mid-pack in the medium band (402 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Banyan Retirement Plan end-of-year assets rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Banyan Retirement Plan reported net income fell from $702K in the plan year 2023 filing to $621K in the plan year 2024 filing.
  • Banyan Retirement Plan reported participants rose from 388 in the plan year 2023 filing to 402 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 650373584 · Banyan Health Systems, Inc. PY 2024 · IRA-Based

Banyan Retirement Plan · $3M · 402 · 35th

  • IND $3M
  • IND 402
  • IND 35th
  • IND IRA-Based
  • IND near 403(b) Thrift Plan for Employees of Person Centered Care Services, Inc.
  • IND ind #5987

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 Healthcare & Social Assistance retirement plans → · Plans in Florida →

Banyan Retirement Plan in the asset neighbourhood

Employee Retirement Security Plan of the Achievement Centers for ChildrenEmployee Retirement Security…$8MIllinois Center for Autism 403b PlanIllinois Center for Autism 4…$8MBanyan Retirement Plan$3M403(b) Thrift Plan for Employees of Person Centered Care Services, Inc.403(b) Thrift Plan for Emplo…$1MWellspring Interfaith Social Services Matching PlanWellspring Interfaith Social…$392K
End-of-year total assets ($M) among Banyan Retirement Plan and nearest nationwide IRA-Based peers. Source: DOL Form 5500 plan year 2024.

Banyan Health Systems, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Banyan Health Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 70.67193519623154% vs 2022
2024 filing year
$1.5M$2M$2.5M$3M$3.5M 202220232024 $1.87M $3.19M ▲ +70.6%
Year Plans Participants Total Assets
2022 1 380 $2M
2023 1 388 $3M
2024 1 402 $3M

Banyan Health Systems, Inc. filing trail (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$621K
Employer EIN650373584
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Nearby IRA-Based Plans in Florida

Peer IRA-Based plans, same state, same plan type, ranked by total assets.

Banyan Retirement Plan vs. nearby IRA-Based plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000100200300400500 010203040 Total assets ($M) Participants Banyan Retirement Plan, Total assets ($M): 3.19454 · Participants: 402Banyan Retirement PlanHawaii Glaziers Annuity Trust Fund, Total assets ($M): 36.120013 · Participants: 228Hawaii Glaziers Annuity Trust FundCarpet, Linoleum and Soft Tile Local Union 1926 Annuity Plan, Total assets ($M): 15.571153 · Participants: 173Carpet, Linoleum and Soft Tile Local Union 1926 Annuity PlanBalis & Co., Inc. Pension Plan, Total assets ($M): 10.864769 · Participants: 0Balis & Co., Inc. Pension PlanEmployee Retirement Security Plan of the Achievement Centers for Children, Total assets ($M): 8.059782 · Participants: 326Employee Retirement Security Plan of the Achievement Centers for ChildrenIllinois Center for Autism 403b Plan, Total assets ($M): 7.635645 · Participants: 150Illinois Center for Autism 403b Plan
Banyan Retirement Plan vs. nearby IRA-Based plans in Florida, assets vs. participants
Compare Banyan Retirement Plan side-by-side with 3 peers →

Banyan Retirement Plan's out-of-state IRA-Based peers by assets and headcount

Outside Florida, the nearest IRA-Based by assets is 403(b) Thrift Plan for Employees of Person Centered Care Services, Inc. in NY ($1M); by covered participants it is Swingline Inc Employees IRA Plan in IL (7 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (402 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Banyan Retirement Plan assets move in 2024? ▼
Banyan Retirement Plan grew sharply - up 24.1% during 2024, from $3M to $3M. Reported net income was $621K.
How have Banyan Health Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Banyan Health Systems, Inc.'s sponsor-wide assets grew 70.7%, from $2M to $3M.
Which IRA-Based plans are similar in size to Banyan Retirement Plan? ▼
Among IRA-Based plans in other states, the closest by assets is 403(b) Thrift Plan for Employees of Person Centered Care Services, Inc. in NY ($1M, 872 participants).
Which IRA-Based plans cover a similar participant headcount to Banyan Retirement Plan? ▼
Among IRA-Based plans in other states, the closest by covered participants is Swingline Inc Employees IRA Plan in IL (7 participants, N/A in assets).

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 650373584.

Read our methodology - how this data is sourced, computed, and verified.

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