Plan Snapshot
- Plan Sponsor: Synergy Enterprises, INC.
- Sponsor EIN: 750974624
- Sponsor Address: PO BOX 815069, FARMERS BRANCH, TX, 75381
- Plan Type: 401(k)
- Total Participants: 81
- Total Assets: $19.4M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 81 | $19.4M | $1.0M | $479,147 |
| 2023 | 70 | $16.8M | $1.8M | $465,008 |
| 2022 | 69 | $14.8M | $911,928 | $421,897 |
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 |
|---|---|---|---|---|
| HM&M GROUP, LLC | Auditor | $25,040 | — | $25,040 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HM&M GROUP, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,040
- Estimated Expense Ratio: 0.129% 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 | $70,389 | $20,756 | $24,593 | $25,040 | — |
| 2023 | $90,667 | — | $81,501 | — | — |
| 2022 | $54,334 | $5,199 | $49,135 | — | — |