401(k) · DOL Form 5500 · 2023

Synchronous LLC Dba First Mode 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
183
Participants Below avg headcount
60th
Percentile by assets National rank
$59,539
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

$11M in assets, 183 participants

Synchronous LLC Dba First Mode's First Mode 401(k) Plan reported $11M in total assets and 183 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.

  • #12,046 in Professional & Technical Services (20,321 peers)

Coverage in Washington

First Mode 401(k) Plan covers 183 participants in Washington, about 12% of the average Washington filer (state average ~1,476 per filing). Assets: $11M.

#12,046
in Professional & Technical Services (20,321 peers)
+113.6%
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 2023 · DOL Form 5500

$10,895,582 Top 40% higher than 60% 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

First Mode 401(k) 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. First Mode 401(k) Plan sits mid-pack in the medium band (183 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Mode 401(k) Plan reported net income rose from $2M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • First Mode 401(k) Plan end-of-year assets rose from $5M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • First Mode 401(k) Plan reported participants rose from 122 in the plan year 2022 filing to 183 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 824351829 · Synchronous LLC Dba First Mode PY 2023 · 401(k)

First Mode 401(k) Plan · $11M · 183 · 60th

  • EIN $11M
  • EIN 183
  • EIN 60th
  • EIN 401(k)
  • EIN near Midwest Office Inc. 401(k) Profit Sharing Plan and Trust
  • EIN ind #12046

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$11MMidwest Office Inc. 401(k) Profit Sharing Plan and TrustMidwest Office Inc. 401(k) P…$11MRestated Profit Sharing Plan & Trust of Boston Sand & Gravel CompanyRestated Profit Sharing Plan…$11MTeam Gillman 401(k) Plan$11MAsca Members Association Retirement PlanAsca Members Association Ret…$11M
End-of-year total assets ($M) among First Mode 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$11M
Net Income$6M
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. -50000050000100000150000200000250000 -20020406080 Total assets ($B) Participants First Mode 401(k) Plan, Total assets ($B): 0.010895582 · Participants: 183First Mode 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 72.246135158 · Participants: 128910The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 53.225853429 · Participants: 123296Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 33.384845813 · Participants: 192744Costco 401(k) Retirement PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 8.338937292 · Participants: 71538T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust401(k) Savings Plan, Total assets ($B): 8.118808679 · Participants: 87590401(k) Savings Plan
First Mode 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare First Mode 401(k) Plan side-by-side with 3 peers →

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 Midwest Office Inc. 401(k) Profit Sharing Plan and Trust in UT ($11M); by covered participants it is Ncc Ee , LLC 401(k) Profit Sharing Plan and Trust in VA (183 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (183 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 First Mode 401(k) Plan assets move in 2023? ▼
First Mode 401(k) Plan surged - up 113.6% during 2023, from $5M to $11M. Reported net income was $6M.
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 Midwest Office Inc. 401(k) Profit Sharing Plan and Trust in UT ($11M, 168 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 Ncc Ee , LLC 401(k) Profit Sharing Plan and Trust in VA (183 participants, $1M 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 824351829.

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.