Retirement plan

SYNOPSYS 401(K) PLAN

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

SYNOPSYS, INC.EIN 56-1546236Plan #001PY 2024

675 ALMANOR AVENUE - SUNNYVALE, CA 94085650-584-4330synopsys.comLinkedIn10001+ employeescomputer software

Prospect flagsHigh assets / participantFailed to transmit contributionsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed April 7, 2008 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$2741.1M

+16.4% from 2023

Total participants

7,510

-2.4% from 2023

Average account balance

$372,132

+19.3% from 2023

Annual return

19.54%

-2.80 pp from 2023

Benchmarks

See 950 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort950 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.74B

Not enough data

1 years with asset history on file

Average account balance

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

$372K

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.

7,366

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$128.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+19.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.10+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$415,062
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$285,004
HYAS GROUP, LLC1 year Filed as: THE HYAS GROUP Service code 27 · EIN 26-2924761	Advisory (Plan)	$102,813
TRUCKER HUSS9 years Service code 29 · EIN 94-3216063	Legal	$37,500
MOSS ADAMS LLP10+ years Filed as: MOSS ADAMS, LLP Service code 10 · EIN 91-0189318	Accounting	$32,602

Plan features & details

Pension benefit codes2G2J2K2T3H2E2F2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$650K

$158 / participant

Recordkeeping$236K36.3%
Investment mgmt$344K52.9%
Legal$38K5.8%
Other / not subdivided$33K5.0%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: $32,602
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$372,132

$122,259+204.4%

$147,005+153.1%

$199,768+86.3%

Participation rate

96.5%

78.3%+18.2pp

82.2%+14.3pp

72.0%+24.5pp

Annual return

19.54%

30.58%-11.0pp

418.76%-399.2pp

34.26%-14.7pp

Employer contribution / active EE

$3,442

$4,097-16.0%

$4,934-30.2%

$3,037+13.4%

Participant deferral / active EE

$27,844

$8,504+227.4%

$8,070+245.0%

$5,090+447.1%

Admin fee / account holder

$88

$179-50.7%

$13,006-99.3%

$269-67.2%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.10+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$415,062

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$285,004

HYAS GROUP, LLC1 year

Filed as: THE HYAS GROUP

Service code 27 · EIN 26-2924761

Advisory (Plan)

$102,813

TRUCKER HUSS9 years

Service code 29 · EIN 94-3216063

Legal

$37,500

MOSS ADAMS LLP10+ years

Filed as: MOSS ADAMS, LLP

Service code 10 · EIN 91-0189318

Accounting

$32,602

SYNOPSYS 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNOPSYS 401(K) PLAN

Top hat statement on fileNQDC

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