Plan Snapshot
- Plan Sponsor: Syneos Health
- Sponsor EIN: 330723120
- Sponsor Address: 1030 SYNC STREET, MORRISVILLE, NC, 27560
- Plan Type: 401(k)
- Total Participants: 9,827
- Total Assets: $1.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 9,827 | $1.6B | $30.3M | $109.4M |
| 2023 | 12,111 | $1.4B | $35.2M | $111.4M |
| 2022 | 11,790 | $1.2B | $34.1M | $106.0M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $377,109 | — | $377,109 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $304,616 | — | $304,616 |
| CAPTRUST FINANCIAL ADVISORS | CONSULTANT | $132,750 | — | $132,750 |
| RSM US LLP | ACCOUNTANT/AUDITOR | $21,000 | — | $21,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- RSM US LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $835,475
- Estimated Expense Ratio: 0.053% of plan assets
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 | $835,010 | $377,109 | $3,000 | $21,000 | — |
| 2023 | $968,457 | $450,304 | $2,100 | $61,206 | — |
| 2022 | $1,080,054 | $329,567 | — | — | — |