2023 Form 5500 filing — Synchronyhr Retirement Savings 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 20241015153912NAL0016779331001) for Synchronyhr Retirement Savings Plan, reported by Cornerstone Employer Solutions, LLC Dba Synchronyhr under EIN 47-1197332 and plan number 001. It reports 3,357 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015153912NAL0016779331001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Cornerstone Employer Solutions, LLC Dba Synchronyhr
- EIN
- 47-1197332
- Plan number
- 001
- Location
- Saint Louis, MO
- Participants
- 3,357
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $67,338,764
- Total liabilities (EOY)
- $333
- Net assets (EOY)
- $67,338,431
- Employer contributions
- $1,966,206
- Participant contributions
- $6,445,749
- Total income / additions
- $20,261,530
- Benefits paid
- $19,320,121
- Administrative expenses
- $487,266
- Total expenses
- $19,844,556
- Net increase / (decrease)
- $416,974
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Slavic Integrated Administration | THIRD-PARTY ADMINISTRATO | $249,426 | not reported in the loaded dataset |
| Cornerstone Employer Solutions | PLAN ADMINISTRATOR | $86,606 | not reported in the loaded dataset |
| Slavic Mutual Fund Management Corp | PORTFOLIO MANAGEMENT | $78,985 | not reported in the loaded dataset |
| Ameritas Life Insurance Corp | NONE | $60,526 | not reported in the loaded dataset |
| Bks Financial Investments LLC | NONE | $14,832 | not reported in the loaded dataset |
| Charles Schwab Bank | NONE | $19 | $0 |