Retirement plan

SYNERGIC HEALTHCARE SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN TRUST

Name: SYNERGIC HEALTHCARE SOLUTIONS, LLC - SYNERGIC HEALTHCARE SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN TRUST (2024) Form 5500
Creator: SYNERGIC HEALTHCARE SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYNERGIC HEALTHCARE SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN TRUST, SYNERGIC HEALTHCARE SOLUTIONS, LLC

SYNERGIC HEALTHCARE SOLUTIONS, LLCEIN 65-1239194Plan #001PY 2024

3301 W GANDY BLVD - TAMPA, FL 33611813-925-1903

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.6M

+17.3% from 2023

Total participants

367

+19.5% from 2023

Average account balance

$17,321

-9.7% from 2023

Annual return

13.71%

-5.88 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.59M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

265

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.

51.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$536K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$1,452

Plan features & details

Pension benefit codes2E2G2J2T3D2F

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$41K

$191 / participant

Contract admin$41K100.0%

% of EOY assets

0.884%

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: SPOOR BUNCH FRANZ
Auditor EIN: 364818378
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,321

$55,472-68.8%

$155,567-88.9%

$74,546-76.8%

Participation rate

51.9%

61.9%-10.0pp

78.2%-26.3pp

67.2%-15.3pp

Annual return

13.71%

268.72%-255.0pp

64.74%-51.0pp

1366.03%-1352.3pp

Employer contribution / active EE

$691

$2,269-69.5%

$4,674-85.2%

$2,624-73.7%

Participant deferral / active EE

$1,839

$2,838-35.2%

$5,628-67.3%

$4,347-57.7%

Admin fee / account holder

$153

$1,743-91.2%

$15,916-99.0%

$1,944-92.1%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$1,452

SYNERGIC HEALTHCARE SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNERGIC HEALTHCARE SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN TRUST

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