Retirement plan

SYNTHA GROUP, INC. PROFIT SHARING AND 401(K) PLAN

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

SYNTHA GROUP, INC.EIN 56-0668042Plan #002PY 2023

P. O. BOX 2728 - HIGH POINT, NC 27261336-885-5131synthagroup.comLinkedIn201-500 employeeschemicals

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$42.2M

+14.8% from 2022

Total participants

421

-5.0% from 2022

Average account balance

$102,466

+20.3% from 2022

Annual return

14.83%

+27.23 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.24M

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.

438

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MMA SECURITIES LLC1 year Service code 27 PO BOX 9497 · NEW YORK, NY 10087	Advisory (Plan)	$34,169
LPL FINANCIAL9+ years Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$16,164
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,418

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$61K

$178 / participant

Recordkeeping$10K17.1%
Investment mgmt$50K82.9%

% of EOY assets

0.144%

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: BRESLOW STARLING FROST WARNER BOGER
Auditor EIN: 560593053
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,466

$84,784+20.9%

$98,461+4.1%

$74,460+37.6%

Participation rate

97.4%

81.5%+15.8pp

75.2%+22.2pp

70.7%+26.6pp

Annual return

14.83%

20.59%-5.8pp

21.17%-6.3pp

34.38%-19.5pp

Employer contribution / active EE

$2,649

$3,364-21.2%

$3,049-13.1%

$2,638+0.4%

Participant deferral / active EE

$7,144

$5,218+36.9%

$4,738+50.8%

$4,530+57.7%

Admin fee / account holder

$147

$204-27.9%

$8,961-98.4%

$348-57.6%

Provider

Service type

Compensation

MMA SECURITIES LLC1 year

Service code 27

PO BOX 9497 · NEW YORK, NY 10087

Advisory (Plan)

$34,169

LPL FINANCIAL9+ years

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$16,164

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,418

SYNTHA GROUP, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNTHA GROUP, INC. PROFIT SHARING AND 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