PlanOptica
Retirement plan

SYNOPSYS 401(K) PLAN

SYNOPSYS, INC.EIN 56-1546236Plan #001PY 2023
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675 ALMANOR AVENUE - SUNNYVALE, CA 94085650-584-4330synopsys.comLinkedIn10001+ employeescomputer software
Prospect flagsHigh assets / participantFailed to transmit contributionsFailed to provide benefitCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(650) 584-4330
Plan administrator signer
BRIDGETTE DELOACH
Signed 09/26/2024
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Summary metrics

Total assets (EOY)
$2355.4M
-10.3% from 2016
Total participants
7,692
-7.2% from 2016
Average account balance
$311,888
-7.5% from 2016
Annual return
22.34%
-4.97 pp from 2016

Benchmarks

See 928 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort928 peers
Snapshot2023
Participant deferral / active EE
$23,254
median $8,331
Employer contribution / active EE
$2,976
median $2,827
Participation rate
97.1%
median 91.1%
Avg account balance
$311,888
median $78,482
Admin fee / account holder
$77
median $91
Annual return
22.34%
median 20.94%
Overall peer rank
73rd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.74B
Average account balance
Total assets / participants with a balance (line 6g)
$372K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7,366
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
96.5%
Contributions (total)
Employer and participant dollars contributed each year
$128.71M
Contributions per participant
Average employer and participant contribution per enrolled participant
$31K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+19.54%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$88
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 4 by compensation
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.9+ years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$340,117
FIDELITY INVESTMENTS INSTITUTIONAL9+ years
Service code 37 · EIN 04-2647786
Loan Processing
$334,285
HYAS2 years
Service code 27 · EIN 26-2924761
Advisory (Plan)
$83,192
MOSS ADAMS, LLP9+ years
Service code 10 · EIN 91-0189318
Accounting
$37,000

Top hat statement on fileNQDC

Filed April 7, 2008 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2G2J2K2T3H2E2F2R
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped
  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceFailed to provide benefit

    Form 5500 reported that benefits due were not provided when due.

  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$585K
$121 / participant
  • Recordkeeping$357K61.0%
  • Investment mgmt$191K32.7%
  • Other / not subdivided$37K6.3%
% of EOY assets
0.025%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MOSS ADAMS LLP
Auditor EIN
910189318
Audit fees
$37,000
Opinion code
Unqualified