Plan Ledger DOL Form 5500 · updated monthly

Synergy Orthopedic Specialists, Inc.401(k)

SYNERGY SPECIALISTS MEDICAL GROUP, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Synergy Orthopedic Specialists, Inc. reported $42,810 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $2,191 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 0.73%. 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 California (6,587th of 9,483), and 7,241st of 11,911 in health care & social assistance. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 133 to 170 since 2022.

Plan summary
Net assets, end of year$6,232,362
Participants with balances174
Active participants170
Employer contributions$372,535
Employee contributions$731,708
Employer contribution per active participant$2,191
Average account balance$35,818
Benefits paid to participants$984,065
Plan auditDisclaimer of opinion
AuditorCONSIDINE & CONSIDINE
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 174 accts · $373K emplr
2023$5.5M · 158 accts · $278K emplr
2022$3.9M · 161 accts · $254K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,097
Investment management$17,867
Total administrative$42,810
The Synergy Orthopedic Specialists, Inc. 401(k) match · 2024
Employer contribution per active participant$2,191
Median for plans this size$1,313
2024$2,191 per active participant
2023$1,782 per active participant
2022$1,906 per active participant

Synergy Orthopedic Specialists, Inc.'s 2024 employer contribution ran above 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$7,658
PREMIER PLAN CONSULTANTS INC · Other servicesindirect comp

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

Administrative cost history3
2024$42,810 · 0.73%
2023$32,363 · 0.69%
2022$30,700 · 0.72%
Same employer
Similar plansHealth Care & Social Assistance · California
Jumpstartmd, Inc. CA$6.3M · 0.10%
1736 Family Crisis Center CA$6.2M · 0.02%
Home of Guiding Hands CA$6.2M · 0.05%
Hollenbeck Palms CA$6.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455215138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.