Plan Ledger DOL Form 5500 · updated monthly

SYNQ3 Restaurant Solutions, LLC401(k)

SYNQ3 RESTAURANT SOLUTIONS 401(K) PLAN · COLORADO SPRINGS, CO · plan year 2023

Reported admin expense ratio · 2023
0.72%

SYNQ3 Restaurant Solutions, LLC reported $6,457 in plan administrative expenses for 2023: 0.72% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio fell from 1.40% to 0.72%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Colorado (1,363rd of 1,461), and 2,207th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$976,713
Participants with balances86
Active participants191
Employer contributions—
Employee contributions$200,334
Employer contribution per active participant—
Average account balance$11,357
Benefits paid to participants$166,250
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$977K · 86 accts
2022$819K · 110 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,961
Investment management$4,496
Total administrative$6,457
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
AMERITAS LIFE INS CORP · Recordkeeping · Loan processing$1,961
GREGORY MICHAEL BAKKE · Investment advisory (participants)$4,496

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

Administrative cost history2
2023$6,457 · 0.72%
2022$13,338 · 1.40%
Same employer
Similar plansAdministrative & Support Services · Colorado
Employment Commons Lca CO$1.5M · 1.00%
Advantage Security, Inc. CO$907K · 0.54%
Prodigy Resources LLC CO$696K · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260567889 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.