Plan Snapshot
- Plan Sponsor: Syntax Systems Usa LP
- Sponsor EIN: 030524476
- Sponsor Address: 629 DAVIS DRIVE SUITE 600, MORRISVILLE, NC, 27560
- Plan Type: 401(k)
- Total Participants: 382
- Total Assets: $63.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 382 | $63.3M | $2.5M | $4.7M |
| 2023 | 377 | $52.7M | $2.4M | $4.3M |
| 2022 | 0 | $43.1M | $2.0M | $3.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $162,695 | — | $162,695 |
| GALLAGHER BENEFIT SERVICES INC DBA | INVESTMENT ADVISOR | $85,199 | — | $85,199 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $40,731 | — | $40,731 |
| SIKICH | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $288,625
- Estimated Expense Ratio: 0.456% 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 | $288,625 | $125,930 | — | — | — |
| 2023 | $166,328 | $101,062 | — | — | — |
| 2022 | $159,108 | — | $159,108 | — | — |