Plan Ledger DOL Form 5500 · updated monthly

Syndex Corporation401(k)

SYNDEX CORPORATION 401(K) RETIREMENT PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
1.02%

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

Syndex Corporation reported $67,939 in plan administrative expenses for 2024: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $505 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 rose from 0.89% to 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Texas (3,651st of 5,688), and 3,391st of 4,246 in wholesale trade. In 2024, employees put in $7.03 for every $1.00 the employer contributed; active participation has shrunk from 306 to 117 since 2022.

Plan summary
Net assets, end of year$6,794,349
Participants with balances194
Active participants117
Employer contributions$59,076
Employee contributions$415,167
Employer contribution per active participant$505
Average account balance$35,022
Benefits paid to participants$747,728
Plan auditUnmodified (clean) audit opinion
AuditorWEINSTEIN SPIRA & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 194 accts · $59K emplr
2023$6.5M · 209 accts · $58K emplr
2022$5.4M · 190 accts · $53K emplr
The Syndex Corporation 401(k) match · 2024
Employer contribution per active participant$505
Median for plans this size$1,313
2024$505 per active participant
2023$188 per active participant
2022$173 per active participant

Syndex Corporation's 2024 employer contribution ran below the $1,313 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 · 20243
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$53,505
ECONOMIC GROUP PENSION SERVICES, IN · Recordkeeping · Loan processing$13,145
MESIROW FINANCIAL, INC. · Investment advisory (plan)$1,289

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

Recordkeeper by year2
2024ECONOMIC GROUP PENSION SERVICES, IN, Transamerica
2023ECONOMIC GROUP PENSION SERVICES, IN, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$67,939 · 1.02%
2023$64,233 · 1.07%
2022$55,990 · 0.89%
Similar plansWholesale Trade · Texas
Petrosmith LLC TX$7.1M · 0.40%
Pgm of Texas, LLC TX$7.0M · 0.90%
Texas Book Company TX$6.6M · 0.04%
Intellicentrics, Inc. TX$6.4M · 0.47%
R & K Distributors, Inc. TX$6.4M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741750316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.