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 (2020) 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 2020

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

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.3M

+44.0% from 2019

Total participants

136

+6.3% from 2019

Average account balance

$16,653

+14.4% from 2019

Annual return

18.57%

-4.87 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085	Advisory (Participants)	$8,433
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$215
MAXUS PLAN SOLUTIONS1 year Service code 64 · EIN 45-4012897	Recordkeeping Fees	$0

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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$21K

$155 / participant

Investment mgmt$8K40.1%
Contract admin$13K59.9%

% of EOY assets

0.929%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,653

$58,888-71.7%

$178,499-90.7%

$73,493-77.3%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

18.57%

24.86%-6.3pp

151.10%-132.5pp

28.51%-9.9pp

Employer contribution / active EE

$1,838

$2,236-17.8%

$5,011-63.3%

$2,270-19.0%

Participant deferral / active EE

$1,768

$2,568-31.1%

$5,202-66.0%

$3,740-52.7%

Admin fee / account holder

$155

$400-61.4%

$13,986-98.9%

$513-69.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 26 · EIN 13-5674085

Advisory (Participants)

$8,433

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$215

MAXUS PLAN SOLUTIONS1 year

Service code 64 · EIN 45-4012897

Recordkeeping Fees

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