Plan Snapshot
- Plan Sponsor: Synoptek, LLC
- Sponsor EIN: 463291703
- Sponsor Address: 19520 JAMBOREE RD STE 110, IRVINE, CA, 926122429
- Plan Type: 401(k)
- Total Participants: 401
- Total Assets: $34.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 401 | $34.2M | $858,123 | $3.2M |
| 2023 | 367 | $29.0M | $1.0M | $3.6M |
| 2022 | 409 | $22.7M | $974,345 | $3.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $61,141 | — | $61,141 |
| GALLAGHER FIDUCIARY ADVISORS LLC | ADVISOR | $59,662 | — | $59,662 |
| BAKER TILY ADVISOR GROUP, LP | ACCOUNTANT/AUDITOR | $9,975 | — | $9,975 |
| BAKER TILLY, US LLP | Auditor | $9,975 | — | $9,975 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GALLAGHER FIDUCIARY ADVISORS LLC — ADVISOR
- BAKER TILLY, US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,753
- Estimated Expense Ratio: 0.412% 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 | $130,778 | $59,662 | — | $9,975 | — |
| 2023 | $99,268 | $48,420 | — | — | — |
| 2022 | $93,573 | — | — | — | — |