Plan Snapshot
- Plan Sponsor: Synq3 Restaurant Solutions, LLC
- Sponsor EIN: 260567889
- Sponsor Address: 5061 N. 30TH STREET, COLORADO SPRINGS, CO, 80919
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $641 | $3,871 |
| 2023 | 191 | $985,981 | $0 | $200,334 |
| 2022 | 407 | $819,411 | $0 | $139,115 |
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 |
|---|---|---|---|---|
| GREGORY MICHAEL BAKKE | Investment Advisor | $8,992 | — | $8,992 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,992
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 | — | — | — | — | — |
| 2023 | $6,457 | $4,496 | — | — | — |
| 2022 | $13,338 | $4,053 | $9,285 | — | — |