401(k) · DOL Form 5500 · 2024

Synchronous LLC Dba First Mode 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
227
Participants Below avg headcount
63rd
Percentile by assets National rank
$60,772
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

$14M in assets, 227 participants

Synchronous LLC Dba First Mode's First Mode 401(k) Plan reported $14M in total assets and 227 participants in its 2024 DOL Form 5500 filing, ranking in the 63rd 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.

  • #12,440 in Professional & Technical Services (20,173 peers)

Coverage in Washington

First Mode 401(k) Plan covers 227 participants in Washington, about 15% of the average Washington filer (state average ~1,476 per filing). Assets: $14M.

#12,440
in Professional & Technical Services (20,173 peers)
+26.6%
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 2024 · DOL Form 5500

$13,795,286 Top 37% higher than 63% 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

First Mode 401(k) 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. First Mode 401(k) Plan sits mid-pack in the medium band (227 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Mode 401(k) Plan reported net income fell from $6M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • First Mode 401(k) Plan end-of-year assets rose from $11M in the plan year 2023 filing to $14M in the plan year 2024 filing.
  • First Mode 401(k) Plan reported participants rose from 183 in the plan year 2023 filing to 227 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 824351829 · Synchronous LLC Dba First Mode PY 2024 · 401(k)

First Mode 401(k) Plan · $14M · 227 · 63rd

  • PCT $14M
  • PCT 227
  • PCT 63rd
  • PCT 401(k)
  • PCT near Utility System Efficiencies 401(k) Profit Sharing Plan
  • PCT ind #12440

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$14MUtility System Efficiencies 401(k) Profit Sharing PlanUtility System Efficiencies …$14MMetalcrafters, Inc. 401(k) Profit Sharing PlanMetalcrafters, Inc. 401(k) P…$14MTimberline Lodge Employee Savings and Protection PlanTimberline Lodge Employee Sa…$14MMile High United Way 401(k) PlanMile High United Way 401(k) …$14M
End-of-year total assets ($M) among First Mode 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Washington filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$14M
Net Income$3M
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): 0.013795286 · Participants: 227First Mode 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 73.910477714 · Participants: 139394The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 65.646011638 · Participants: 118818Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 41.017392708 · Participants: 202468Costco 401(k) Retirement PlanAmazon 401(k) Plan, Total assets ($B): 34.593744657 · Participants: 1209303Amazon 401(k) Plan401(k) Savings Plan, Total assets ($B): 10.074085187 · Participants: 86668401(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 Utility System Efficiencies 401(k) Profit Sharing Plan in CA ($14M); by covered participants it is Its-Sprinturf Holdings, LLC Retirement Plan in SC (227 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (227 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 First Mode 401(k) Plan assets move in 2024? ▼
First Mode 401(k) Plan grew sharply - up 26.6% during 2024, from $11M to $14M. Reported net income was $3M.
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 Utility System Efficiencies 401(k) Profit Sharing Plan in CA ($14M, 19 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 Its-Sprinturf Holdings, LLC Retirement Plan in SC (227 participants, N/A 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 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.