Synq3 Restaurant Solutions 401(K) Plan — Form 5500 plan (Synq3 Restaurant Solutions, LLC)
Plain-English plan 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, Synq3 Restaurant Solutions 401(K) Plan is a benefit plan reported by Synq3 Restaurant Solutions, LLC under EIN 26-0567889 and plan number 001. The latest loaded filing year is 2023. The filing reports 440 participants and $985,981 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$976.7KPlan net assets, end of year$976,713
Participants440Covered participants reported
Assets / participant$2.2KComputed: assets ÷ participants$2,241 (computed)
Provider compensation$6.5K2 Schedule C provider row(s)$6,457
- Plan sponsor
- Synq3 Restaurant Solutions, LLC
- EIN
- 26-0567889
- Plan number
- 001
- Plan type
- 2
- Location
- Colorado Springs, CO
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 440 | H, C | 20241015092752NAL0014309859001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$986K total assets
Net assets$976.7KLiabilities$9.3K
Full reported line items
Net assets
- Total assets (EOY)
- $985,981
- Total liabilities (EOY)
- $9,268
- Net assets (EOY)
- $976,713
- Net assets (BOY)
- $819,411
Income & contributions
- Participant contributions
- $200,334
- Total contributions
- $200,334
- Total income / additions
- $339,277
Expenses & distributions
- Benefits paid
- $166,250
- Administrative expenses
- $6,457
- Total expenses
- $181,975
- Net increase / (decrease)
- $157,302
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets19%Computed ratio
Benefits paid ÷ total income49%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Gregory Michael Bakke | INVESTMENT ADVISOR | $4,496 | not reported in the loaded dataset | 2023 |
| Ameritas Life Ins Corp | RECORDKEEPER | $1,961 | $0 | 2023 |