Plan Ledger DOL Form 5500 · updated monthly

Synoptek, LLC401(k)

SYNOPTEK, LLC 401(K) & PROFIT SHARING PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Synoptek, LLC reported $130,778 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,140 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 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,432nd-largest of 9,483 plans among California employers on file, and the 3,767th of 11,654 in professional & technical services. In 2024, employees put in $3.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,181,157
Participants with balances552
Active participants401
Employer contributions$858,123
Employee contributions$3,227,321
Employer contribution per active participant$2,140
Average account balance$61,922
Benefits paid to participants$4,062,047
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.2M · 552 accts · $858K emplr
2023$29.0M · 494 accts · $1.0M emplr
2022$22.7M · 511 accts · $974K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,141
Investment management$59,662
Audit (IQPA)$9,975
Total administrative$130,778
The Synoptek, LLC 401(k) match · 2024
Employer contribution per active participant$2,140
Median for plans this size$2,416
2024$2,140 per active participant
2023$2,816 per active participant
2022$2,382 per active participant

Synoptek, LLC'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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$61,141
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$59,662
BAKER TILY ADVISOR GROUP, LP · Accounting / audit$9,975

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$130,778 · 0.41%
2023$99,268 · 0.38%
2022$93,573 · 0.40%
Same employer
Similar plansProfessional & Technical Services · California
Saama Technologies, LLC CA$34.3M · 0.18%
Anthropic Pbc CA$34.3M · 0.08%
Fate Therapeutics, Inc. CA$34.3M · 0.40%
Ironclad, Inc. CA$34.2M · 0.37%
Color Health, Inc. CA$34.1M · 0.13%
Alector LLC CA$33.9M · 0.04%
View, Inc. CA$33.9M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463291703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.