Plan Ledger DOL Form 5500 · updated monthly

Syndeo Outsourcing, LLC401(k)

SYNDEO OUTSOURCING 401(K) RETIREMENT PLAN · WICHITA, KS · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Syndeo Outsourcing, LLC reported $216,794 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,302 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.

Across the 2 years on file its reported administrative ratio fell from 0.69% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 172nd-largest of 828 plans among Kansas employers on file, and the 384th of 2,534 in administrative & support services. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,421,840
Participants with balances889
Active participants1,243
Employer contributions$1,618,062
Employee contributions$3,330,702
Employer contribution per active participant$1,302
Average account balance$42,094
Benefits paid to participants$3,590,027
Plan auditUnmodified (clean) audit opinion
AuditorSWINDOLL, JANZEN, HAWK & LOYD, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$37.4M · 889 accts · $1.6M emplr
2022$27.6M · 653 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$138,244
Investment management$52,548
Audit (IQPA)$18,400
Trustee / custodial$7,602
Total administrative$216,794
The Syndeo Outsourcing, LLC 401(k) match · 2024
Employer contribution per active participant$1,302
Median for plans this size$2,416
2024$1,302 per active participant
2022$1,344 per active participant

Syndeo Outsourcing, LLC's 2024 employer contribution ran below the $2,416 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 · 20244
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$138,243
BKS FINANCIAL INVESTMENTS LLC · Pension consulting · Investment advisory (participants)$52,548
SWINDOLL, JANZEN, HAWK & LOYD, LLC · Accounting / audit$18,400
CHARLES SCHWAB BANK · Custodial (securities) · Securities brokerage$7,602

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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Administrative cost history2
2024$216,794 · 0.60%
2022$208,523 · 0.69%
All plans at this employer2
SYNDEO OUTSOURCING 401(K) POOLED EMPLOYER PLAN401(k)
SYNDEO OUTSOURCING 401(K) RETIREMENT PLAN401(k)
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Axcet HR Solutions KS$97.6M · 0.78%
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Valiant Solutions LLC KS$17.5M · 0.71%
Rs, LLC KS$11.4M · 0.57%
Eml Payments USA, LLC KS$9.5M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710893511 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.