Plan Ledger DOL Form 5500 · updated monthly

Syntegon Pharma Technology, LLC401(k)

SYNTEGON TECHNOLOGY RETIREMENT SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Syntegon Pharma Technology, LLC reported $62,029 in plan administrative expenses for 2023: 0.15% of average plan assets, below the peer median. Employer contributions averaged $11,992 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 1 year on file its reported administrative ratio fell from 0.19% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 514th-largest of 1,918 plans among Minnesota employers on file, and the 3,290th of 13,661 in manufacturing. In 2023, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$47,305,655
Participants with balances510
Active participants434
Employer contributions$5,204,668
Employee contributions$5,142,084
Employer contribution per active participant$11,992
Average account balance$92,756
Benefits paid to participants$3,441,056
Plan auditUnmodified (clean) audit opinion
AuditorPENSION ASSURANCE
Plan history2
Yearassets · accounts · employer contribution
2023$47.3M · 510 accts · $5.2M emplr
2022$33.5M · 409 accts · $4.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$50,731
Investment management$11,298
Total administrative$62,029
The Syntegon Pharma Technology, LLC 401(k) match · 2023
Employer contribution per active participant$11,992
Median for plans this size$2,440
2023$11,992 per active participant
2022$11,135 per active participant

Syntegon Pharma Technology, LLC's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$50,031
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,298

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$62,029 · 0.15%
2022$61,074 · 0.19%
Similar plansManufacturing · Minnesota
Smyth Companies, LLC MN$51.0M · 0.25%
La Costena USA MN$50.2M · 0.39%
Alexandria Industries MN$47.8M · 0.27%
Crenlo Cab Products MN$46.8M · 0.23%
Bellisio Foods, Inc. MN$46.7M · 0.26%
Bongards' Creameries MN$44.9M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410965166 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.