Plan Ledger DOL Form 5500 · updated monthly

Syscom Global Solutions Inc. dba Syscom Gs401(k)

SYSCOM GLOBAL SOLUTIONS INC. 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Syscom Global Solutions Inc. dba Syscom Gs reported $62,490 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,659 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 2 years on file its reported administrative ratio fell from 0.54% to 0.45%. 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 among the smaller plans on file in New York (2,930th of 5,648), and 6,494th of 11,654 in professional & technical services. In 2024, employees put in $3.38 for every $1.00 the employer contributed; active participation has grown from 102 to 114 since 2022.

Plan summary
Net assets, end of year$15,336,399
Participants with balances121
Active participants114
Employer contributions$303,123
Employee contributions$1,023,791
Employer contribution per active participant$2,659
Average account balance$126,747
Benefits paid to participants$479,277
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 121 accts · $303K emplr
2023$12.7M · 105 accts · $257K emplr
2022$10.9M · 98 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$903
Investment management$61,587
Total administrative$62,490
The Syscom Global Solutions Inc. dba Syscom Gs 401(k) match · 2024
Employer contribution per active participant$2,659
Median for plans this size$2,416
2024$2,659 per active participant
2023$2,496 per active participant
2022$2,465 per active participant

Syscom Global Solutions Inc. dba Syscom Gs's 2024 employer contribution ran above 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$15,399
COMPASS360 · Contract administrator$11,673
MMA SECURITIES, LLCindirect 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$62,490 · 0.45%
2023$61,913 · 0.52%
2022$62,219 · 0.54%
Same employer
Similar plansProfessional & Technical Services · New York
Lippe Taylor, LLC NY$15.4M · 0.20%
Bpn, LLP NY$15.3M · 0.83%
The Corporate Source, Inc. NY$15.3M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133577071 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.