Plan Ledger DOL Form 5500 · updated monthly

Synergy Community Cooperative (D/B/A Synergy Cooperative)401(k)

CO-OP 401(K) PLAN · RIDGELAND, WI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Synergy Community Cooperative (D/B/A Synergy Cooperative) reported $57,072 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,594 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 0.34% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 749th-largest of 1,936 plans among Wisconsin employers on file, and the 201st of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.31 for every $1.00 the employer contributed; active participation has grown from 339 to 412 since 2022.

Plan summary
Net assets, end of year$24,374,290
Participants with balances277
Active participants412
Employer contributions$656,659
Employee contributions$859,627
Employer contribution per active participant$1,594
Average account balance$87,994
Benefits paid to participants$2,485,543
Plan auditUnmodified (clean) audit opinion
AuditorCARLSON SV, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.4M · 277 accts · $657K emplr
2023$22.9M · 282 accts · $600K emplr
2022$18.7M · 275 accts · $520K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,288
Total administrative$57,072
The Synergy Community Cooperative (D/B/A Synergy Cooperative) 401(k) match · 2024
Employer contribution per active participant$1,594
Median for plans this size$2,416
2024$1,594 per active participant
2023$1,785 per active participant
2022$1,534 per active participant

Synergy Community Cooperative (D/B/A Synergy Cooperative)'s 2024 employer contribution ran below the $2,416 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
MILLIMAN, INC. · Recordkeeping · Loan processing$45,182

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$57,072 · 0.24%
2023$55,775 · 0.27%
2022$61,192 · 0.34%
Same employer
Similar plansAgriculture, Forestry & Fishing · Wisconsin
Hartung Brothers, Inc. WI$47.7M · 0.15%
Sanimax USA LLC WI$44.7M · 0.05%
Huntsinger Farms, Inc. WI$27.2M · 0.27%
The Elkin Company, LLC WI$21.7M · 0.47%
Allied Cooperative WI$20.7M · 0.27%
Northside Elevator, Inc. WI$18.8M · 0.35%
Milk Source, LLC WI$14.5M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391764869 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.