Synagro Technologies Inc. 401(k) Review & Grade
Synagro Technologies Inc. 401(k) Plan
Baltimore, MDAdministrative, Support & Staffing Services1,006 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,770Employer $ per active participant
$5,246Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$76.7MNet plan assets, end of year
$63,712Average balance per account
Score breakdown
- Employer generosity43.6 / 5087th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 33th |
| Employee saving | 78th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,602 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Synagro Technologies put in about $2,770 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,786,213 |
| Participant (employee) contributions | $5,277,324 |
| Other contributions (incl. rollovers in) | $1,094,745 |
| Administrative expenses paid from the plan | $267,649 |
| Investment advisory & management fees | $192,296 |
| Benefits paid out | $5,855,404 |
| Net assets, start / end of year | $65.9M / $76.7M |
| Active participants, start / end of year | 971 / 1,041 |
| Participants with account balances | 1,204 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Mercer Investments, LLC | $174,412 reported compensation |
| Empower Annuity Insurance Company O | $75,353 reported compensation |
| Empower Advisory Group, LLC | $17,884 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145452NAL0006500832001, received 2025-10-15, EIN 88-0219860, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.