Retirement plan

SYNACK, INC. 401(K) PLAN

Name: SYNACK, INC. - SYNACK, INC. 401(K) PLAN (2024) Form 5500
Creator: SYNACK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYNACK, INC. 401(K) PLAN, SYNACK, INC.

SYNACK, INC.EIN 46-1916005Plan #001PY 2024

303 TWIN DOLPHIN DRIVE, 6TH FLOOR - REDWOOD CITY, CA 94063855-796-2251LinkedIn201-500 employeescomputer & network security

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.6M

+15.1% from 2023

Total participants

235

-13.0% from 2023

Average account balance

$52,988

+30.0% from 2023

Annual return

17.56%

-1.33 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.60M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

200

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.

76.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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 1 by compensation

Provider	Service type	Compensation
HUMAN INTEREST ADVISOR LLC2 years Service code 15 300 MONTGOMERY ST. · SAN FRANCISCO, CA 94101	Recordkeeping	$20,587

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$21K

$141 / participant

Recordkeeping$21K100.0%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SENSIBA LLP
Auditor EIN: 942370906
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,988

$101,672-47.9%

$147,117-64.0%

$74,478-28.9%

Participation rate

76.0%

75.5%+0.5pp

82.2%-6.2pp

67.2%+8.8pp

Annual return

17.56%

8757.83%-8740.3pp

420.54%-403.0pp

1370.56%-1353.0pp

Employer contribution / active EE

$3,813-100.0%

$4,932-100.0%

$2,626-100.0%

Participant deferral / active EE

$11,514

$7,305+57.6%

$8,065+42.8%

$4,350+164.7%

Admin fee / account holder

$103

$1,753-94.1%

$12,993-99.2%

$1,946-94.7%

Provider

Service type

Compensation

HUMAN INTEREST ADVISOR LLC2 years

Service code 15

300 MONTGOMERY ST. · SAN FRANCISCO, CA 94101

Recordkeeping

$20,587

SYNACK, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNACK, 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