Plan Snapshot
- Plan Sponsor: Synchron, LLC
- Sponsor EIN: 205231690
- Sponsor Address: 300 M ST. STE. 501, WASHINGTON, DC, 200033400
- Plan Type: 401(k)
- Total Participants: 177
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 177 | $8.7M | $966,294 | $790,668 |
| 2023 | 173 | $7.4M | $733,596 | $585,749 |
| 2022 | 145 | $5.6M | $717,949 | $541,072 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WESSEL & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WESSEL & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $43,714 | — | $43,714 | — | — |
| 2023 | $9,900 | — | $9,900 | — | — |
| 2022 | $7,746 | — | $7,746 | — | — |