Plan Snapshot
- Plan Sponsor: Synopsys, INC.
- Sponsor EIN: 561546236
- Sponsor Address: 675 ALMANOR AVE, SUNNYVALE, CA, 94085
- Plan Type: 401(k)
- Plan Number: 526
- Total Participants: 1,545
- Total Assets: $1.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,545 | $1.8M | $0 | $1.2M |
| 2023 | 2,096 | $1.5M | $0 | $1.2M |
| 2022 | 2,205 | $1.1M | $0 | $1.1M |
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 |
|---|---|---|---|---|
| THE LARKIN COMPANY | Other Service Provider | $68,164 | — | $68,164 |
| MOSS ADAMS LLP | Auditor | $32,515 | — | $32,515 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,679
- Estimated Expense Ratio: 5.663% 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 | $100,679 | — | $68,164 | $32,515 | — |
| 2023 | $90,987 | — | — | $30,388 | — |
| 2022 | $64,941 | — | — | — | $64,941 |