Backoffice Associates, LLC Dba Syniti Profit Sharing Plan — Form 5500 plan (Backoffice Associates, LLC Dba Syniti)

Plain-English plan 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, Backoffice Associates, LLC Dba Syniti Profit Sharing Plan is a benefit plan reported by Backoffice Associates, LLC Dba Syniti under EIN 26-1544182 and plan number 001. The latest loaded filing year is 2023. The filing reports 594 participants and $80,936,746 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Backoffice Associates, LLC Dba Syniti
EIN
26-1544182
Plan number
001
Plan type
2
Location
Needham, MA
Latest filing year
2023
Participants
594
End-of-year plan assets
$80,936,746

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023594H, C20260209154059NAL0001777120001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$80,936,746
Total liabilities (EOY)
$517
Net assets (EOY)
$80,936,229
Net assets (BOY)
$67,678,205

Income & contributions

Employer contributions
$1,727,476
Participant contributions
$5,239,349
Total contributions
$7,302,535
Total income / additions
$20,454,586

Expenses & distributions

Benefits paid
$7,028,471
Administrative expenses
$162,720
Total expenses
$7,196,562
Net increase / (decrease)
$13,258,024

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Capfinancial Partners, LLCINVESTMENT ADVISOR$102,930not reported in the loaded dataset2023
Fidelity Investments InstitutionalRECORDKEEPER$35,248not reported in the loaded dataset2023
Edelstein And Company LlpACCOUNTANT/AUDITOR$23,050not reported in the loaded dataset2023

Related Form 5500 pages