Syncro Retirement Plan — Form 5500 plan (Syncro Corporation)
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, Syncro Retirement Plan is a benefit plan reported by Syncro Corporation under EIN 38-1255844 and plan number 001. The latest loaded filing year is 2023. The filing reports 157 participants and $4,983,585 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Syncro Corporation
- EIN
- 38-1255844
- Plan number
- 001
- Plan type
- 2
- Location
- Arab, AL
- Latest filing year
- 2023
- Participants
- 157
- End-of-year plan assets
- $4,983,585
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 157 | H, C | 20241014171313NAL0026806081001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,983,585
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,983,585
- Net assets (BOY)
- $4,811,358
Income & contributions
- Employer contributions
- $190,048
- Participant contributions
- $253,852
- Total contributions
- $443,900
- Total income / additions
- $1,201,750
Expenses & distributions
- Benefits paid
- $996,592
- Administrative expenses
- $25,421
- Total expenses
- $1,029,523
- Net increase / (decrease)
- $172,227
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $12,832 | $0 | 2023 |
| Synovus Securities | ADVISOR | $12,589 | not reported in the loaded dataset | 2023 |