Retirement plan

SYNEOS HEALTH SAVINGS AND RETIREMENT PLAN

Name: SYNEOS HEALTH - SYNEOS HEALTH SAVINGS AND RETIREMENT PLAN (2018) Form 5500
Creator: SYNEOS HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYNEOS HEALTH SAVINGS AND RETIREMENT PLAN, SYNEOS HEALTH

SYNEOS HEALTHEIN 33-0723120Plan #001PY 2018

1030 SYNC STREET - MORRISVILLE, NC 27560919-876-9300syneoshealth.comLinkedIn10001+ employeesbiotechnology

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$798.9M

-15.7% from 2016

Total participants

16,997

-7.2% from 2016

Average account balance

$57,310

-8.5% from 2016

Annual return

226.27%

-9.18 pp from 2016

Benchmarks

See 79 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort79 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57B

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

14,922

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.

77.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$139.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$219,240
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$103,712
CAPFINANCIAL PARTNERS LLC4+ years Filed as: CAPTRUST FINANCIAL ADVISORS Service code 16 · EIN 26-0058143	Consulting	$81,250
THE PFE GROUP1 year Service code 27 · EIN 71-1036677	Advisory (Plan)	$75,273
SOBEL AND CO LLC CPA1 year Filed as: SOBEL & CO. LLC Service code 10 · EIN 22-1430039	Accounting	$20,000
RSM US LLP2 years Service code 10 · EIN 42-0714325	Accounting	$19,008

Plan features & details

Pension benefit codes2F2G2J2K2S2T3B2E3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
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

2 tripped

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).

Expense breakdown

Schedule H Part II

Admin total

$519K

$44 / participant

Investment mgmt$104K20.0%
Other / not subdivided$415K80.0%

% of EOY assets

0.065%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,310

$71,505-19.9%

$123,553-53.6%

$73,367-21.9%

Participation rate

73.8%

64.9%+8.9pp

82.3%-8.5pp

69.5%+4.4pp

Annual return

226.27%

6.94%+219.3pp

119.21%+107.1pp

173.45%+52.8pp

Employer contribution / active EE

$1,849

$2,011-8.1%

$4,628-60.1%

$2,499-26.0%

Participant deferral / active EE

$5,701

$4,928+15.7%

$6,426-11.3%

$4,033+41.4%

Admin fee / account holder

$37

$66-43.6%

$9,284-99.6%

$68-45.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$219,240

STRATEGIC ADVISORS, INC.4+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$103,712

CAPFINANCIAL PARTNERS LLC4+ years

Filed as: CAPTRUST FINANCIAL ADVISORS

Service code 16 · EIN 26-0058143

Consulting

$81,250

THE PFE GROUP1 year

Service code 27 · EIN 71-1036677

Advisory (Plan)

$75,273

SOBEL AND CO LLC CPA1 year

Filed as: SOBEL & CO. LLC

Service code 10 · EIN 22-1430039

Accounting

$20,000

RSM US LLP2 years

Service code 10 · EIN 42-0714325

Accounting

$19,008

SYNEOS HEALTH SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNEOS HEALTH SAVINGS AND RETIREMENT 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