# Synergy It Solutions Of Nys, INC. 401(k) Plan
Source: https://planprovider.pro/companies/synergy-it-solutions-of-nys-inc-401k-plan

> Synergy It Solutions Of Nys, INC.&#39;s 401(k) plan: 92 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [MENGEL, METZGER, BARR & CO.](https://planprovider.pro/provider/mengel-metzger-barr-and-co-llp) — 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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/synergy-it-solutions-of-nys-inc-401k-plan)

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