Banyan Medical Solutions 401(k) match, vesting and fees
What Banyan Medical Solutions' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | ADP, Inc. | Schedule C ↗ |
| Independent auditor | Doeren Mayhew Assurance (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| Banyan Medical Solutions: employer contribution per participant | $1,154 | |
| Peer median | $2,521 |
| Banyan Medical Solutions: average balance | $13,230 | |
| Peer median | $75,833 |
| Banyan Medical Solutions: admin expenses ÷ assets | 2.03% | |
| Peer median | 0.27% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $3.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 406 | $3.5M | $301K | $1,154 | 2.03% | Not published | Form 5500 ↗ |
Common questions
Does Banyan Medical Solutions match 401(k) contributions?
The match terms for the Banyan Medical Solutions, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $301K in employer contributions, about $1,154 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Banyan Medical Solutions 401(k) match vested?
The vesting schedule for the Banyan Medical Solutions, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Banyan Medical Solutions 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is ADP, Inc.. The plan administrator is Pentegra.
I left Banyan Medical Solutions. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Pentegra, (844) 367-2848) or the recordkeeper, ADP, Inc.. The Banyan Medical Solutions old 401(k) page lists the contacts from every plan filing. Find an old Banyan Medical Solutions 401(k)
Data from the public Form 5500 annual reports Banyan Medical Solutions filed with the U.S. Department of Labor (plan years 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Banyan Medical Solutions. Not financial advice. Report a correction · Methodology