Plan Ledger DOL Form 5500 · updated monthly

Synology America Corp.401(k)

SYNOLOGY AMERICA CORP. 401(K) P/S PLAN · BELLEVUE, WA · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Synology America Corp. reported $28,588 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $1,968 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 0.50%. 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 Washington (1,266th of 1,714), and 3,446th of 4,246 in wholesale trade. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,342,351
Participants with balances244
Active participants124
Employer contributions$244,047
Employee contributions$637,650
Employer contribution per active participant$1,968
Average account balance$25,993
Benefits paid to participants$282,156
Plan auditDisclaimer of opinion
AuditorSMITH BUNDAY BERMAN BRITTON, P.S.
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 244 accts · $244K emplr
2023$5.0M · 235 accts · $234K emplr
2022$3.7M · 229 accts · $204K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,549
Investment management$21,039
Total administrative$28,588
The Synology America Corp. 401(k) match · 2024
Employer contribution per active participant$1,968
Median for plans this size$1,313
2024$1,968 per active participant
2023$1,916 per active participant
2022$1,545 per active participant

Synology America Corp.'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
ASCENSUS LLC · Loan processing · Recordkeeping$7,325
SHAREBUILDER ADVISOR LLC · Investment advisory (plan)$21,039

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$28,588 · 0.50%
2023$23,446 · 0.54%
2022$19,783 · 0.53%
Same employer
Similar plansWholesale Trade · Washington
Wilmar, LLC WA$7.9M · 0.08%
Foundation Fitness LLC WA$7.3M · 0.28%
Architectural Woods, L.P. WA$5.9M · 0.23%
Binford Metals L.L.C. WA$5.8M · 0.71%
Rad Power Bikes, LLC WA$5.2M · 0.94%
Westbay Auto Parts, Inc. WA$5.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204770542 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.