Synergy Business Innovation & Solutions, Inc. Group Health Benefit Plan — Form 5500 plan (Synergy Business Innovation & Solutions, Inc.)
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, Synergy Business Innovation & Solutions, Inc. Group Health Benefit Plan is a benefit plan reported by Synergy Business Innovation & Solutions, Inc. under EIN 84-1698665 and plan number 501. The latest loaded filing year is 2023. The filing reports 379 participants and $7,276 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Synergy Business Innovation & Solutions, Inc.
- EIN
- 84-1698665
- Plan number
- 501
- Plan type
- 2
- Location
- Reston, VA
- Latest filing year
- 2023
- Participants
- 379
- End-of-year plan assets
- $7,276
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 379 | H, C | 20250114142230NAL0019932241001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,276
- Total liabilities (EOY)
- $395,863
- Net assets (EOY)
- -$388,587
- Net assets (BOY)
- $1,140,064
Income & contributions
- Employer contributions
- $2,134,745
- Participant contributions
- $1,234,872
- Total contributions
- $3,369,617
- Total income / additions
- $3,384,933
Expenses & distributions
- Benefits paid
- $3,748,711
- Administrative expenses
- $1,164,873
- Total expenses
- $4,913,584
- Net increase / (decrease)
- -$1,528,651
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Umr | ADMIN | $72,473 | not reported in the loaded dataset | 2023 |
| The Benecon Group, LLC | BROKER | $65,202 | not reported in the loaded dataset | 2023 |
| Connectcare 3 | PATIENT ADVOCATE | $21,038 | not reported in the loaded dataset | 2023 |
| Brown & Brown Insurance Of Va | BROKER | $13,405 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Synergy Business Innovation & Solutions, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Reston, VA
- Umr — Schedule C compensation
- The Benecon Group, LLC — Schedule C compensation
- Connectcare 3 — Schedule C compensation
- Brown & Brown Insurance Of Va — Schedule C compensation