401(k) · DOL Form 5500 · 2024

Synergy Business Innovation and 401(k) Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
534
Participants Below avg headcount
81st
Percentile by assets National rank
$70,665
Avg per participant Below avg 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

$38M in assets, 534 participants

Synergy Business Innovation and's Synergy Business Innovation 401(k) P/S Plan reported $38M in total assets and 534 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.

  • #16,356 in Professional & Technical Services (20,173 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, $38M for 534 participants (~$70,665/participant), up 39.3% in 2024.

#16,356
in Professional & Technical Services (20,173 peers)
+39.3%
assets growth YoY
0.4×
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 2024 · DOL Form 5500

$37,735,071 Top 19% higher than 81% of 123,620 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 2024

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

Plan-year 2024 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 (534 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Synergy Business Innovation 401(k) P/S Plan end-of-year assets rose from $27M in the plan year 2023 filing to $38M in the plan year 2024 filing.
  • Synergy Business Innovation 401(k) P/S Plan reported participants rose from 507 in the plan year 2023 filing to 534 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 841698665 · Synergy Business Innovation and PY 2024 · 401(k)

Synergy Business Innovation 401(k) P/S Plan · $38M · 534 · 81st

  • VS-ST $38M
  • VS-ST 534
  • VS-ST 81st
  • VS-ST 401(k)
  • VS-ST near Dessert Holdings 401(k) Savings Plan
  • VS-ST ind #16356

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

Synergy Business Innovation 401(k) P/S PlanSynergy Business Innovation …$38MDessert Holdings 401(k) Savings PlanDessert Holdings 401(k) Savi…$38MBoyd Corporation Inc. (Woburn Inc.) 401(k) PlanBoyd Corporation Inc. (Wobur…$38MMidwest Banc Holding Company 401(k) and Profit Sharing PlanMidwest Banc Holding Company…$38MC.a. Curtze Company Employees Growth Profile Retirement PlanC.a. Curtze Company Employee…$38M
End-of-year total assets ($M) among Synergy Business Innovation 401(k) P/S Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$38M
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 -1001020304050 Total assets ($B) Participants Synergy Business Innovation 401(k) P/S Plan, Total assets ($B): 0.037735071 · Participants: 534Synergy Business Innovation 401(k) P/S PlanNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement 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 Dessert Holdings 401(k) Savings Plan in TX ($38M); by covered participants it is Apple Valley Ford Retirement Savings Plan in MN (534 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (534 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Synergy Business Innovation 401(k) P/S Plan surged - up 39.3% during 2024, from $27M to $38M. 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 81st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Dessert Holdings 401(k) Savings Plan in TX ($38M, 476 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 Apple Valley Ford Retirement Savings Plan in MN (534 participants, $34M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.