# Synchronous LLC Dba First Mode 401(k) Plan
Source: https://planprovider.pro/companies/synchronous-llc-dba-first-mode-401k-plan

> Synchronous LLC Dba First Mode's 401(k) plan: 65 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Synchronous LLC Dba First Mode

- **Sponsor EIN:** 824351829

- **Sponsor Address:** 542 1ST AVE S, SEATTLE, WA, 98104

- **Plan Type:** 401(k)

- **Total Participants:** 65

- **Total Assets:** $13.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|65|$13.8M|$845,193|$2.6M|

| 2023|226|$10.9M|$944,742|$2.9M|

| 2022|180|$5.1M|$345,842|$2.0M|

## 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|

| ARMANINO LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ARMANINO LLP](https://planprovider.pro/provider/armanino-llp) — 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|$32,651|$28,271|—|—|—|

| 2023|$18,060|$17,580|—|—|—|

| 2022|$11,645|—|—|—|—|

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