401(k) · DOL Form 5500 · 2023

Synergy Business Innovation and 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
507
Participants Below avg headcount
78th
Percentile by assets National rank
$53,437
Avg per participant Low balance/head
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Official DOL plan name: Synergy Business Innovation 401(k) P/S Plan · Sponsored by Synergy Business Innovation and · Virginia · Professional & Technical Services

$27M in assets, 507 participants

Synergy Business Innovation and's Synergy Business Innovation 401(k) P/S Plan reported $27M in total assets and 507 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #15,869 in Professional & Technical Services (20,321 peers)

Where Synergy Business Innovation 401(k) P/S Plan sits by assets

Synergy Business Innovation 401(k) P/S Plan sits in the top quartile of all filed plans by assets, $27M for 507 participants (~$53,437/participant), up 65.3% in 2023.

#15,869
in Professional & Technical Services (20,321 peers)
+65.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Synergy Business Innovation 401(k) P/S Plan's outsized position by total assets

Synergy Business Innovation 401(k) P/S Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$27,092,632 Top 22% higher than 78% of 127,068 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 2023

Synergy Business Innovation 401(k) P/S Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Synergy Business Innovation 401(k) P/S Plan sits mid-pack in the medium band (507 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Synergy Business Innovation 401(k) P/S Plan reported net income rose from $3M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Synergy Business Innovation 401(k) P/S Plan reported participants rose from 262 in the plan year 2022 filing to 507 in the plan year 2023 filing.
  • Synergy Business Innovation 401(k) P/S Plan end-of-year assets rose from $16M in the plan year 2022 filing to $27M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 841698665 · Synergy Business Innovation and PY 2023 · 401(k)

Synergy Business Innovation 401(k) P/S Plan · $27M · 507 · 78th

  • BOOK $27M
  • VS-ST 507
  • BOY 78th
  • SCH 401(k)
  • EBSA near Marketstar 401(k) Plan
  • PART ind #15869

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 Virginia →

Synergy Business Innovation 401(k) P/S Plan in the asset neighbourhood

Adma Biologics, Inc. 401(k) PlanAdma Biologics, Inc. 401(k) …$27MSynergy Business Innovation 401(k) P/S PlanSynergy Business Innovation …$27MMarketstar 401(k) Plan$27MRoquette America Inc Bargaining Unit Savings PlanRoquette America Inc Bargain…$27MNxg Savings and Retirement PlanNxg Savings and Retirement P…$27M
End-of-year total assets ($M) among Synergy Business Innovation 401(k) P/S Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$27M
Net Income$11M
Employer EIN841698665
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Synergy Business Innovation and)

Sponsor-wide plan assets over time

All Synergy Business Innovation and plans reported in each filing year

Latest sponsor-wide plan assets
$38M 130.1755735835186% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $16.4M $37.7M ▲ +130.3%
Year Plans Participants Total Assets
2022 1 262 $16M
2023 1 507 $27M
2024 1 534 $38M

Nearby 401(k) Plans in Virginia

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

Synergy Business Innovation 401(k) P/S Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Synergy Business Innovation 401(k) P/S Plan, Total assets ($B): 0.027092632 · Participants: 507Synergy Business Innovation 401(k) P/S PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Synergy Business Innovation 401(k) P/S Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Synergy Business Innovation 401(k) P/S Plan side-by-side with 3 peers →

Synergy Business Innovation 401(k) P/S Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Marketstar 401(k) Plan in UT ($27M); by covered participants it is Itc Service Group Acquisition, LLC 401(k) Profit Sharing Plan in SC (507 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($27M here).

Similar participant headcount

Nearest other-state filings by covered participants (507 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Synergy Business Innovation 401(k) P/S Plan assets move in 2023? ▼
Synergy Business Innovation 401(k) P/S Plan surged - up 65.3% during 2023, from $16M to $27M. Reported net income was $11M.
How have Synergy Business Innovation and plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Synergy Business Innovation and's sponsor-wide assets grew 130.2%, from $16M to $38M.
Where does Synergy Business Innovation 401(k) P/S Plan rank by assets among Form 5500 filers? ▼
Synergy Business Innovation 401(k) P/S Plan ranks in the 78th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Synergy Business Innovation 401(k) P/S Plan? ▼
Among 401(k) plans in other states, the closest by assets is Marketstar 401(k) Plan in UT ($27M, 1,410 participants).
Which 401(k) plans cover a similar participant headcount to Synergy Business Innovation 401(k) P/S Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Itc Service Group Acquisition, LLC 401(k) Profit Sharing Plan in SC (507 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 841698665.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.