2023 Form 5500 filing — Synergy Global Solutions, Inc. Employee Stock Ownership Plan

Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240911074513NAL0004092659001) for Synergy Global Solutions, Inc. Employee Stock Ownership Plan, reported by Synergy It Solutions Of Nys, Inc. under EIN 16-0985336 and plan number 005. It reports 275 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$10MReported net assets$9,993,771
Participants275
Provider compensationNone reported
Schedules filedSchedule HLoaded schedules
EFAST2 acknowledgement
20240911074513NAL0004092659001
Plan sponsor
Synergy It Solutions Of Nys, Inc.
EIN
16-0985336
Plan number
005
Location
Cheektowaga, NY
Received date
not reported in the loaded dataset
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$10M total assets
Net assets$10MLiabilities$0
Money in vs. money out
Total income / additions$1.4M
Total expenses$752.8K
Benefits paid / distributions$751.2K
Contributions
Employer$751.2K
ParticipantNot reported
Full reported line items
Total assets (EOY)
$9,993,771
Total liabilities (EOY)
$0
Net assets (EOY)
$9,993,771
Employer contributions
$751,248
Total income / additions
$1,362,421
Benefits paid
$751,248
Administrative expenses
$1,507
Total expenses
$752,755
Net increase / (decrease)
$609,666

Related Form 5500 pages