401(k) · DOL Form 5500 · 2022
Synchrony Financial 401(k) Plan
Data updated 2026-08-25
- $969M
- Total assets Above avg plan size
- 9,910
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $97,821
- Avg per participant Below avg balance/head
Official DOL plan name: Synchrony Financial My Savings Plan · Sponsored by Synchrony Financial · Connecticut · Finance & Insurance
$969M in assets, 9,910 participants
Synchrony Financial's Synchrony Financial My Savings Plan reported $969M in total assets and 9,910 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- #9,051 in Finance & Insurance (9,261 peers)
Coverage in Connecticut
Synchrony Financial My Savings Plan covers 9,910 participants in Connecticut, 14x the typical Connecticut plan (state average ~718 per filing). Assets: $969M.
- #9,051
- in Finance & Insurance (9,261 peers)
- -10.6%
- assets change YoY
- 9.7×
- vs typical plan assets (national mean)
The plan reported a net loss of $115M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Synchrony Financial My Savings Plan's outsized position by total assets
Synchrony Financial My Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$969,410,039 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Synchrony Financial My Savings Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Synchrony Financial My Savings Plan lands in the large band (9,910 participants).
Plan-year Form 5500 strip
Filing strip 510483352 · Synchrony Financial PY 2022 · 401(k)
Synchrony Financial My Savings Plan · $969M · 9,910 · 99th
- EBSA $969M
- EBSA 9,910
- EBSA 99th
- EBSA 401(k)
- EBSA near Kindred 401 (K) Plan
- EBSA ind #9051
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 Finance & Insurance retirement plans → · Plans in Connecticut →
Synchrony Financial My Savings Plan in the asset neighbourhood
Connecticut filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $969M |
| Net Income | -$115M |
| Employer EIN | 510483352 |
| Plan Effective Date | 2015-11-18 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Synchrony Financial)
Sponsor-wide plan assets over time
All Synchrony Financial plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.6B 61.346902339847844% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 10,086 | $969M |
| 2023 | 1 | 10,078 | $1.3B |
| 2024 | 1 | 10,640 | $1.6B |
Nearby 401(k) Plans in Connecticut
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- United Technologies Corporation Employee Savings Plan $48.9B · 55,762
- GE Retirement Savings Plan $24.8B · 57,522
- Citi Retirement Savings Plan $17.4B · 70,070
- The Hartford Investment and Savings Plan $5.6B · 17,724
- Xerox Corporation Savings Plan $3.6B · 11,876
Scale composition for Synchrony Financial My Savings Plan
Synchrony Financial My Savings Plan reports $969M in end-of-year assets across 9,910 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $97,821 per participant (71% of the national average assets-per-participant) . Net income for plan year 2022 was -$115M.
This plan identity (EIN 510483352, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $969M to $1.6B (+61.4%) while covered participants moved from 9,910 to 10,640 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,910 | $969M | This page |
| 2023 | 10,078 | $1.3B | Open filing |
| 2024 · index core | 10,640 | $1.6B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Synchrony Financial My Savings Plan (401(k), $1.6B, 10,640 participants)
Synchrony Financial My Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Connecticut, the nearest 401(k) by assets is Kindred 401 (K) Plan in KY ($969M); by covered participants it is All Metro Health Care 401(k) Profit Sharing Plan and Trust in NY (9,905 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($969M here).
- Kindred 401 (K) Plan (KY) $969M · 22,132
- Servicenow, Inc. 401(k) Plan (CA) $968M · 9,375
- Teradata Savings Plan (CA) $968M · 2,188
- Marsh & Mclennan Agency 401(k) Savings & Investment Plan (NY) $967M · 8,077
Similar participant headcount
Nearest other-state filings by covered participants (9,910 participants); asset peers above are excluded.
- All Metro Health Care 401(k) Profit Sharing Plan and Trust (NY) 9,905 · 5 off
- Terminix Retirement Plan (TN) 9,923 · 13 off
- Reliance Steel & Aluminum Co. Master 401(k) Plan (AZ) 9,895 · 15 off
- Providence Administrative Cons 401(k) Profit Sharing Plan & Trust (UT) 9,933 · 23 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.