2023 Form 5500 filing — Synergy Business Innovation & Solutions, Inc. Group Health Benefit 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 20250114142230NAL0019932241001) for Synergy Business Innovation & Solutions, Inc. Group Health Benefit Plan, reported by Synergy Business Innovation & Solutions, Inc. under EIN 84-1698665 and plan number 501. It reports 379 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)-$388.6KReported net assets-$388,587
Participants379
Provider compensation$172.1K4 Schedule C row(s)$172,118
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20250114142230NAL0019932241001
- Plan sponsor
- Synergy Business Innovation & Solutions, Inc.
- EIN
- 84-1698665
- Plan number
- 501
- Location
- Reston, VA
- 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)$7.3K total assets
Net assets-$388.6KLiabilities$395.9K
Full reported line items
- Total assets (EOY)
- $7,276
- Total liabilities (EOY)
- $395,863
- Net assets (EOY)
- -$388,587
- Employer contributions
- $2,134,745
- Participant contributions
- $1,234,872
- Total income / additions
- $3,384,933
- Benefits paid
- $3,748,711
- Administrative expenses
- $1,164,873
- Total expenses
- $4,913,584
- Net increase / (decrease)
- -$1,528,651
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Umr | ADMIN | $72,473 | not reported in the loaded dataset |
| The Benecon Group, LLC | BROKER | $65,202 | not reported in the loaded dataset |
| Connectcare 3 | PATIENT ADVOCATE | $21,038 | not reported in the loaded dataset |
| Brown & Brown Insurance Of Va | BROKER | $13,405 | not reported in the loaded dataset |