Synergy Enterprises, Inc. 401(K) Employee Stock Ownership Plan — Form 5500 plan (Synergy Enterprises, Inc.)
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, Synergy Enterprises, Inc. 401(K) Employee Stock Ownership Plan is a benefit plan reported by Synergy Enterprises, Inc. under EIN 75-0974624 and plan number 002. The latest loaded filing year is 2023. The filing reports 125 participants and $16,769,895 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Synergy Enterprises, Inc.
- EIN
- 75-0974624
- Plan number
- 002
- Plan type
- 2
- Location
- Farmers Branch, TX
- Latest filing year
- 2023
- Participants
- 125
- End-of-year plan assets
- $16,769,895
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 125 | H, C | 20241015182533NAL0050881952001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,769,895
- Total liabilities (EOY)
- $460,164
- Net assets (EOY)
- $16,309,731
- Net assets (BOY)
- $14,266,853
Income & contributions
- Employer contributions
- $1,763,452
- Participant contributions
- $465,008
- Total contributions
- $2,228,460
- Total income / additions
- $3,266,429
Expenses & distributions
- Benefits paid
- $1,132,884
- Administrative expenses
- $90,667
- Total expenses
- $1,223,551
- Net increase / (decrease)
- $2,042,878
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pension Planning Consultants, Inc | THIRD PARTY ADMINISTRATO | $27,414 | $0 | 2023 |
| Huselton Morgan And Mailtsby, Pc | AUDITOR | $26,296 | $0 | 2023 |
| Bdo Usa, LLC | AUDITOR | $12,000 | $0 | 2023 |
| George Valuation Advisors | APPRAISAL | $9,465 | $0 | 2023 |
| Fidelity Finacial | FINANCIAL ADVISOR | $9,166 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Synergy Enterprises, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Farmers Branch, TX
- Pension Planning Consultants, Inc — Schedule C compensation
- Huselton Morgan And Mailtsby, Pc — Schedule C compensation
- Bdo Usa, LLC — Schedule C compensation
- George Valuation Advisors — Schedule C compensation
- Fidelity Finacial — Schedule C compensation