Backoffice Associates, LLC Dba Syniti Profit Sharing Plan — Form 5500 plan (Backoffice Associates, LLC Dba Syniti)
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, Backoffice Associates, LLC Dba Syniti Profit Sharing Plan is a benefit plan reported by Backoffice Associates, LLC Dba Syniti under EIN 26-1544182 and plan number 001. The latest loaded filing year is 2023. The filing reports 594 participants and $80,936,746 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Backoffice Associates, LLC Dba Syniti
- EIN
- 26-1544182
- Plan number
- 001
- Plan type
- 2
- Location
- Needham, MA
- Latest filing year
- 2023
- Participants
- 594
- End-of-year plan assets
- $80,936,746
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 594 | H, C | 20260209154059NAL0001777120001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $80,936,746
- Total liabilities (EOY)
- $517
- Net assets (EOY)
- $80,936,229
- Net assets (BOY)
- $67,678,205
Income & contributions
- Employer contributions
- $1,727,476
- Participant contributions
- $5,239,349
- Total contributions
- $7,302,535
- Total income / additions
- $20,454,586
Expenses & distributions
- Benefits paid
- $7,028,471
- Administrative expenses
- $162,720
- Total expenses
- $7,196,562
- Net increase / (decrease)
- $13,258,024
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capfinancial Partners, LLC | INVESTMENT ADVISOR | $102,930 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $35,248 | not reported in the loaded dataset | 2023 |
| Edelstein And Company Llp | ACCOUNTANT/AUDITOR | $23,050 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Backoffice Associates, LLC Dba Syniti
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Needham, MA
- Capfinancial Partners, LLC — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation
- Edelstein And Company Llp — Schedule C compensation