401(k) · DOL Form 5500 · 2022

Synchronous LLC Dba First Mode 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
122
Participants Small participant base
51st
Percentile by assets National rank
$41,815
Avg per participant Low balance/head
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Official DOL plan name: First Mode 401(k) Plan · Sponsored by Synchronous LLC Dba First Mode · Washington · Professional & Technical Services

$5M in assets, 122 participants

Synchronous LLC Dba First Mode's First Mode 401(k) Plan reported $5M in total assets and 122 participants in its 2022 DOL Form 5500 filing, ranking in the 51st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #10,535 in Professional & Technical Services (21,562 peers)

Coverage in Washington

First Mode 401(k) Plan covers 122 participants in Washington, about 8% of the average Washington filer (state average ~1,476 per filing). Assets: $5M.

#10,535
in Professional & Technical Services (21,562 peers)
+66.9%
assets growth YoY

First Mode 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

First Mode 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$5,101,484 Top 49% higher than 51% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

First Mode 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Mode 401(k) Plan sits mid-pack in the medium band (122 participants).

Published 5500 schedule card

Filing strip 824351829 · Synchronous LLC Dba First Mode PY 2022 · 401(k)

First Mode 401(k) Plan · $5M · 122 · 51st

  • IND $5M
  • IND 122
  • IND 51st
  • IND 401(k)
  • IND near Bay Corporation Profit Sharing Plan & Trust
  • IND ind #10535

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Washington →

First Mode 401(k) Plan in the asset neighbourhood

First Mode 401(k) Plan$5MBay Corporation Profit Sharing Plan & TrustBay Corporation Profit Shari…$5MDomha 401(k) Plan$5MAirtrol Components, Inc. 401(k) Profit Sharing PlanAirtrol Components, Inc. 401…$5MSpiezle Group, Inc. Retirement PlanSpiezle Group, Inc. Retireme…$5M
End-of-year total assets ($M) among First Mode 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Washington filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$5M
Net Income$2M
Employer EIN824351829
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Synchronous LLC Dba First Mode)

Sponsor-wide plan assets over time

All Synchronous LLC Dba First Mode plans reported in each filing year

Latest sponsor-wide plan assets
$14M 170.41711784257288% vs 2022
2024 filing year
$0M$5M$10M$15M 202220232024 $5.1M $13.8M ▲ +170.6%
Year Plans Participants Total Assets
2022 1 122 $5M
2023 1 183 $11M
2024 1 227 $14M

Nearby 401(k) Plans in Washington

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First Mode 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -500000050000010000001500000 -20020406080 Total assets ($B) Participants First Mode 401(k) Plan, Total assets ($B): 0.005101484 · Participants: 122First Mode 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 63.503643295 · Participants: 118434The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 39.602667639 · Participants: 109797Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 25.912962472 · Participants: 181505Costco 401(k) Retirement PlanAmazon 401(k) Plan, Total assets ($B): 17.732345025 · Participants: 1230308Amazon 401(k) PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 7.280031396 · Participants: 75797T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust
First Mode 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants

First Mode 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Washington, the nearest 401(k) by assets is Bay Corporation Profit Sharing Plan & Trust in OH ($5M); by covered participants it is Fox Products Corporation 401(k) Profit Sharing Plan in IN (122 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5M here).

Similar participant headcount

Nearest other-state filings by covered participants (122 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Mode 401(k) Plan assets move in 2022?
First Mode 401(k) Plan surged - up 66.9% during 2022, from $3M to $5M. Reported net income was $2M.
How have Synchronous LLC Dba First Mode plan assets changed over time?
Across 3 plan years on file (2022-2024), Synchronous LLC Dba First Mode's sponsor-wide assets grew 170.4%, from $5M to $14M.
Which 401(k) plans are similar in size to First Mode 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Bay Corporation Profit Sharing Plan & Trust in OH ($5M, 53 participants).
Which 401(k) plans cover a similar participant headcount to First Mode 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Fox Products Corporation 401(k) Profit Sharing Plan in IN (122 participants, $7M in assets).