Plan Snapshot
- Plan Sponsor: Synopsys, INC.
- Sponsor EIN: 561546236
- Sponsor Address: 675 ALMANOR AVENUE, SUNNYVALE, CA, 94085
- Plan Type: 401(k)
- Total Participants: 4,114
- Total Assets: $2.7B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 4,114 | $2.7B | $14.2M | $114.5M |
| 2023 | 4,817 | $2.4B | $14.3M | $112.0M |
| 2022 | 4,934 | $1.9B | $13.9M | $99.4M |
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 | $415,062 | — | $415,062 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $285,004 | — | $285,004 |
| THE HYAS GROUP | INVESTMENT ADVISOR | $102,813 | — | $102,813 |
| TRUCKER HUSS | ATTORNEY/LEGAL | $37,500 | — | $37,500 |
| MOSS ADAMS, LLP | INVESTMENT ADVISOR | $32,602 | — | $32,602 |
| CLIFTONLARSONALLEN, LLP | Auditor | $32,602 | — | $32,602 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- TRUCKER HUSS — ATTORNEY/LEGAL
- MOSS ADAMS, LLP — INVESTMENT ADVISOR
- CLIFTONLARSONALLEN, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $905,583
- Estimated Expense Ratio: 0.033% 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 | $650,022 | $343,967 | — | $32,602 | — |
| 2023 | $584,883 | $191,068 | — | $37,000 | — |
| 2022 | $804,661 | $184,735 | — | — | — |