2023 Form 5500 filing — Backoffice Associates, LLC Dba Syniti Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20260209154059NAL0001777120001) for Backoffice Associates, LLC Dba Syniti Profit Sharing Plan, reported by Backoffice Associates, LLC Dba Syniti under EIN 26-1544182 and plan number 001. It reports 594 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20260209154059NAL0001777120001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Backoffice Associates, LLC Dba Syniti
- EIN
- 26-1544182
- Plan number
- 001
- Location
- Needham, MA
- Participants
- 594
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $80,936,746
- Total liabilities (EOY)
- $517
- Net assets (EOY)
- $80,936,229
- Employer contributions
- $1,727,476
- Participant contributions
- $5,239,349
- Total income / additions
- $20,454,586
- Benefits paid
- $7,028,471
- Administrative expenses
- $162,720
- Total expenses
- $7,196,562
- Net increase / (decrease)
- $13,258,024
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capfinancial Partners, LLC | INVESTMENT ADVISOR | $102,930 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $35,248 | not reported in the loaded dataset |
| Edelstein And Company Llp | ACCOUNTANT/AUDITOR | $23,050 | not reported in the loaded dataset |