Plan Ledger DOL Form 5500 · updated monthly

Just One Step LLC dba Synergy Ho401(k)

SYNERGY HOME CARE OF MONTGOMERY COUNTY 401(K) PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
1.98%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Just One Step LLC dba Synergy Ho reported $4,618 in plan administrative expenses for 2024: 1.98% of average plan assets, above the peer median. Employer contributions averaged $209 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,647th of 1,671), and 11,616th of 11,911 in health care & social assistance. In 2024, employees put in $4.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$255,187
Participants with balances107
Active participants89
Employer contributions$18,571
Employee contributions$81,356
Employer contribution per active participant$209
Average account balance$2,385
Benefits paid to participants$72,568
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,618
Total administrative$4,618
The Just One Step LLC dba Synergy Ho 401(k) match · 2024
Employer contribution per active participant$209
Median for plans this size$540

Just One Step LLC dba Synergy Ho's 2024 employer contribution ran below the $540 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ADP, INC. · Loan processing · Recordkeeping$4,618

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history1
2024$4,618 · 1.98%
Similar plansHealth Care & Social Assistance · Maryland
Dayspring Programs Inc MD$383K · 0.21%
Erosun, Inc MD$334K · 0.13%
Serenity Home Care LLC MD$225K · 3.01%
Chrysalis House Inc MD$207K · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473897440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.