ESOP · DOL Form 5500 · 2024

Synergy Enterprises, Inc. ESOP

Data updated 2026-08-25

$4M
Total assets Small plan by assets
121
Participants Small participant base
37th
Percentile by assets National rank
$29,791
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Synergy Enterprises, Inc. Employee Stock Ownership Plan · Sponsored by Synergy Enterprises, Inc. · Maryland · Information & Media

$4M in assets, 121 participants

Synergy Enterprises, Inc.'s Synergy Enterprises, Inc. Employee Stock Ownership Plan reported $4M in total assets and 121 participants in its 2024 DOL Form 5500 filing, ranking in the 37th 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.

  • #591 in Information & Media (2,822 peers)

Coverage in Maryland

Synergy Enterprises, Inc. Employee Stock Ownership Plan covers 121 participants in Maryland, about 13% of the average Maryland filer (state average ~929 per filing). Assets: $4M.

#591
in Information & Media (2,822 peers)
-34.1%
assets change YoY

The plan reported a net loss of $447K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Synergy Enterprises, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Information & Media and all filers

Synergy Enterprises, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,604,710 37th percentile higher than 37% 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 Enterprises, Inc. Employee Stock Ownership 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 Enterprises, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Synergy Enterprises, Inc. Employee Stock Ownership Plan reported net income fell from $759K in the plan year 2023 filing to -$447K in the plan year 2024 filing.
  • Synergy Enterprises, Inc. Employee Stock Ownership Plan end-of-year assets fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Synergy Enterprises, Inc. Employee Stock Ownership Plan reported participants rose from 114 in the plan year 2023 filing to 121 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 043755253 · Synergy Enterprises, Inc. PY 2024 · ESOP

Synergy Enterprises, Inc. Employee Stock Ownership Plan · $4M · 121 · 37th

  • RANK $4M
  • RANK 121
  • RANK 37th
  • RANK ESOP
  • RANK near Bison Engineering, Inc. ESOP
  • RANK ind #591

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 What is an ESOP? → · Plans in Maryland →

Synergy Enterprises, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Marion Mold & Tool Employee Stock Ownership PlanMarion Mold & Tool Employee …$4MRecord Press, Inc. Employee Stock Ownership PlanRecord Press, Inc. Employee …$4MSynergy Enterprises, Inc. Employee Stock Ownership PlanSynergy Enterprises, Inc. Em…$4MBison Engineering, Inc. ESOP$4MJosephson Manufacturing Company Employee Stock Ownership PlanJosephson Manufacturing Comp…$4M
End-of-year total assets ($M) among Synergy Enterprises, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Maryland filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$4M
Net Income-$447K
Employer EIN043755253
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Synergy Enterprises, Inc.)

Sponsor-wide plan assets over time

All Synergy Enterprises, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$16M 28.742646938340787% vs 2022
2024 filing year
$10M$12M$14M$16M$18M 202220232024 $12.2M $15.7M ▲ +28.7%
Year Plans Participants Total Assets
2022 2 206 $12M
2023 2 218 $15M
2024 2 232 $16M

Nearby ESOP Plans in Maryland

Peer ESOP plans, same state, same plan type, ranked by total assets.

Synergy Enterprises, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Synergy Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.00360471 · Participants: 121Synergy Enterprises, Inc. Employee Stock Ownership PlanEvapco, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.142811894 · Participants: 1803Evapco, Inc. Employee Stock Ownership PlanWestat, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.418966511 · Participants: 3167Westat, Inc. Employee Stock Ownership PlanKci Technologies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.392391805 · Participants: 1918Kci Technologies, Inc. Employee Stock Ownership PlanLockheed Martin Corporation Capital Accumulation Plan, Total assets ($B): 0.283619058 · Participants: 7445Lockheed Martin Corporation Capital Accumulation PlanBrown Capital Management ESOP, Total assets ($B): 0.211360737 · Participants: 35Brown Capital Management ESOP
Synergy Enterprises, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Maryland, assets vs. participants
Compare Synergy Enterprises, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Synergy Enterprises, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Maryland, the nearest ESOP by assets is Bison Engineering, Inc. ESOP in MT ($4M); by covered participants it is Northeast Community Bank Employee Stock Ownership Plan in NY (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 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 Enterprises, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Synergy Enterprises, Inc. Employee Stock Ownership Plan contracted severely - down 34.1% during 2024, from $5M to $4M. Reported net income was -$447K.
How have Synergy Enterprises, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Synergy Enterprises, Inc.'s sponsor-wide assets grew 28.7%, from $12M to $16M.
Which ESOP plans are similar in size to Synergy Enterprises, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Bison Engineering, Inc. ESOP in MT ($4M, 24 participants).
Which ESOP plans cover a similar participant headcount to Synergy Enterprises, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Northeast Community Bank Employee Stock Ownership Plan in NY (121 participants, $33M 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 043755253.

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.