Plan Ledger DOL Form 5500 · updated monthly

Synapse Health, Inc.401(k)

SYNAPSE HEALTH, INC. 401(K) PLAN · SKOKIE, IL · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Synapse Health, Inc. reported $7,110 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,344 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 $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Illinois (3,085th of 3,702), and 1,632nd of 2,096 in real estate & leasing. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,017,823
Participants with balances286
Active participants296
Employer contributions$693,970
Employee contributions$1,146,571
Employer contribution per active participant$2,344
Average account balance$14,048
Benefits paid to participants$337,449
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,110
Total administrative$7,110
The Synapse Health, Inc. 401(k) match · 2024
Employer contribution per active participant$2,344
Median for plans this size$1,313

Synapse Health, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$7,110

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$7,110 · 0.27%
Same employer
Similar plansReal Estate & Leasing · Illinois
Lakeshore Employment Inc IL$5.2M · 1.30%
Rentalmax, LLC IL$4.2M · 0.19%
Mado Management, L.P. IL$3.2M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873419115 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.