Synergos Companies LLC 401(k) Review & Grade
Synergos Companies 401(k) Plan
Scottsdale, AZConstruction2,692 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$690Employer $ per active participant
$1,126Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$36.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.0 / 5020th percentile for employer $ per participant
- Low cost3.4 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 14th |
| Employee saving | 11th |
| Peers that auto-enroll | 57% |
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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 ($38,071 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Synergos Companies put in about $690 per active participant, below the typical peer ($1,965). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.48% of assets) are well above similar-size plans (0.12%). 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 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 | $1,858,832 |
| Participant (employee) contributions | $3,032,834 |
| Other contributions (incl. rollovers in) | $74,386 |
| Administrative expenses paid from the plan | $139,609 |
| Contract administrator fees | $9,260 |
| Investment advisory & management fees | $130,349 |
| Benefits paid out | $2,008,052 |
| Net assets, start / end of year | $22.1M / $36.3M |
| Active participants, start / end of year | 2,632 / 2,753 |
| Participants with account balances | 757 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wallace, Plese & Dreher, LLP |
Largest service providers (Schedule C)
| Nylife Securities LLC | $117,317 reported compensation |
| Empower Annuity Ins Co of America | $100,157 reported compensation |
| Truog-Ryding Company, Inc | $40,115 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015191352NAL0011170258001, received 2025-10-15, EIN 84-2764368, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.