Plan Ledger DOL Form 5500 · updated monthly

Synergic Healthcare Solutions, LLC401(k)

SYNERGIC HEALTHCARE SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN TRUST · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.95%

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

Synergic Healthcare Solutions, LLC reported $40,564 in plan administrative expenses for 2024: 0.95% of average plan assets, higher than ~75% of peers. Employer contributions averaged $691 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 3 years on file its reported administrative ratio has held roughly steady near 0.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,571st of 3,644), and 8,159th of 11,911 in health care & social assistance. In 2024, employees put in $2.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,590,166
Participants with balances265
Active participants212
Employer contributions$146,541
Employee contributions$389,801
Employer contribution per active participant$691
Average account balance$17,321
Benefits paid to participants$394,989
Plan auditUnmodified (clean) audit opinion
AuditorSPOOR BUNCH FRANZ
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 265 accts · $147K emplr
2023$3.9M · 204 accts · $279K emplr
2022$2.8M · 256 accts · $231K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,564
Total administrative$40,564
The Synergic Healthcare Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$691
Median for plans this size$1,313
2024$691 per active participant
2023$1,380 per active participant
2022$1,062 per active participant

Synergic Healthcare Solutions, LLC's 2024 employer contribution ran below the $1,313 median for plans its size. 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
JOHN HANCOCK USA · Recordkeeping · Investment management$1,452

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$40,564 · 0.95%
2023$37,309 · 1.12%
2022$27,418 · 0.98%
Similar plansHealth Care & Social Assistance · Florida
The Lord's Place, Inc. FL$4.7M · 0.04%
Children's Forum, Inc. FL$4.7M · 0.02%
Ventura Services Fl LLC FL$4.5M · 1.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651239194 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.