Retirement plan

SYNQOR, INC. 401(K) PLAN

Name: SYNQOR, INC. - SYNQOR, INC. 401(K) PLAN (2015) Form 5500
Creator: SYNQOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYNQOR, INC. 401(K) PLAN, SYNQOR, INC.

SYNQOR, INC.EIN 04-3534652Plan #001PY 2015

155 SWANSON ROAD - BOXBOROUGH, MA 017191316978-849-0600synqor.comLinkedIn201-500 employeeselectrical/electronic manufacturing

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$7.1M

No prior year

Total participants

165

No prior year

Average account balance

$52,651

No prior year

Annual return

-1.92%

No prior year

Benchmarks

See 3,906 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort3,906 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$22.03M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$93K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

236

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

62.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$273

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
METLIFE LIFE INSURANCE COMPANY1+ years Filed as: METLIFE SECURITIES, INC. Service code 27 · EIN 13-3175978	Advisory (Plan)	$20,000
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$1,967
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$282

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$22K

$159 / participant

Contract admin$2K9.0%
Other / not subdivided$20K91.0%

% of EOY assets

0.309%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,651

$54,320-3.1%

$67,652-22.2%

$52,331+0.6%

Participation rate

78.3%

73.6%+4.7pp

75.7%+2.6pp

68.1%+10.2pp

Annual return

-1.92%

6.81%-8.7pp

6625.40%-6627.3pp

4.54%-6.5pp

Employer contribution / active EE

$1,544-100.0%

$2,266-100.0%

$1,882-100.0%

Participant deferral / active EE

$6,092

$2,950+106.5%

$3,560+71.1%

$3,022+101.6%

Admin fee / account holder

$163

$527-69.1%

$4,821-96.6%

$592-72.5%

Provider

Service type

Compensation

METLIFE LIFE INSURANCE COMPANY1+ years

Filed as: METLIFE SECURITIES, INC.

Service code 27 · EIN 13-3175978

Advisory (Plan)

$20,000

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$1,967

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$282

SYNQOR, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNQOR, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion