2023 Form 5500 filing — Synergy Enterprises, Inc. 401(K) 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 20241015182533NAL0050881952001) for Synergy Enterprises, Inc. 401(K) Employee Stock Ownership Plan, reported by Synergy Enterprises, Inc. under EIN 75-0974624 and plan number 002. It reports 125 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015182533NAL0050881952001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Synergy Enterprises, Inc.
- EIN
- 75-0974624
- Plan number
- 002
- Location
- Farmers Branch, TX
- Participants
- 125
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,769,895
- Total liabilities (EOY)
- $460,164
- Net assets (EOY)
- $16,309,731
- Employer contributions
- $1,763,452
- Participant contributions
- $465,008
- Total income / additions
- $3,266,429
- Benefits paid
- $1,132,884
- Administrative expenses
- $90,667
- Total expenses
- $1,223,551
- Net increase / (decrease)
- $2,042,878
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pension Planning Consultants, Inc | THIRD PARTY ADMINISTRATO | $27,414 | $0 |
| Huselton Morgan And Mailtsby, Pc | AUDITOR | $26,296 | $0 |
| Bdo Usa, LLC | AUDITOR | $12,000 | $0 |
| George Valuation Advisors | APPRAISAL | $9,465 | $0 |
| Fidelity Finacial | FINANCIAL ADVISOR | $9,166 | $0 |