Plan Snapshot
- Plan Sponsor: Synergy It Solutions Of Nys, INC.
- Sponsor EIN: 160985336
- Sponsor Address: 452 SONWIL DRIVE, CHEEKTOWAGA, NY, 14225
- Plan Type: 401(k)
- Total Participants: 92
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 92 | $11.6M | $0 | $665,340 |
| 2023 | 111 | $10.3M | $4,629 | $739,880 |
| 2022 | 117 | $8.7M | $655 | $674,226 |
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 |
|---|---|---|---|---|
| WILMINGTON TRUST NATIONAL ASSOC | ADVISOR | $26,008 | — | $26,008 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $7,741 | — | $7,741 |
| MENGEL, METZGER, BARR & CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MENGEL, METZGER, BARR & CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,749
- Estimated Expense Ratio: 0.291% 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 | $35,899 | $26,008 | — | — | — |
| 2023 | $27,197 | $22,497 | — | — | — |
| 2022 | $38,624 | — | — | — | — |