Synergenx Health Holdings, LLC 401(k) Review & Grade
Synergenx Health Holdings 401(k) Plan
Houston, TXHealth Care & Social Assistance704 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,226Employer $ per active participant
$2,098Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$9.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.0 / 5056th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 40th |
| Employee saving | 43th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($673,568 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,004 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Synergenx Health Holdings put in about $1,226 per active participant, more than the typical peer ($976). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $863,309 |
| Participant (employee) contributions | $1,476,743 |
| Other contributions (incl. rollovers in) | $226,379 |
| Administrative expenses paid from the plan | $23,323 |
| Investment advisory & management fees | $342 |
| Benefits paid out | $795,783 |
| Net assets, start / end of year | $6.2M / $9.0M |
| Active participants, start / end of year | 624 / 784 |
| Participants with account balances | 266 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Robertson & Roberson PLLC |
Largest service providers (Schedule C)
| John Hancock | $23,323 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260918150702NAL0006571888001, received 2026-09-18, EIN 37-1852389, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.