Retirement plan

SYNERCOMM, INC. 401(K) PLAN

Name: SYNERCOMM, INC. - SYNERCOMM, INC. 401(K) PLAN (2023) Form 5500
Creator: SYNERCOMM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYNERCOMM, INC. 401(K) PLAN, SYNERCOMM, INC.

SYNERCOMM, INC.EIN 39-1690886Plan #001PY 2023

3265 GATEWAY RD, STE 650 - BROOKFIELD, WI 53045262-373-7113synercomm.comLinkedIn51-200 employeescomputer & network security

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.3M

+24.0% from 2022

Total participants

+7.9% from 2022

Average account balance

$143,400

+20.1% from 2022

Annual return

17.13%

+32.89 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.13M

Not enough data

1 years with asset history on file

Average account balance

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

$169K

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.

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.

134.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$899K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4164

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$176K

$3834 / participant

Other / not subdivided$176K100.0%

% of EOY assets

1.892%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,400

$93,598+53.2%

$135,974+5.5%

$75,173+90.8%

Participation rate

93.5%

75.2%+18.3pp

81.9%+11.6pp

67.2%+26.3pp

Annual return

17.13%

30.89%-13.8pp

68.30%-51.2pp

160.72%-143.6pp

Employer contribution / active EE

$4,471

$3,538+26.4%

$4,859-8.0%

$2,671+67.4%

Participant deferral / active EE

$10,523

$6,405+64.3%

$7,760+35.6%

$4,126+155.0%

Admin fee / account holder

$2,714

$6,978-61.1%

$10,767-74.8%

$5,651-52.0%

SYNERCOMM, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNERCOMM, 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