401(k) · DOL Form 5500 · 2023
Synovus Financial Corp. 401(k) Plan
Data updated 2026-08-25
- $788M
- Total assets Above avg plan size
- 5,132
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $153,560
- Avg per participant Above avg balance/head
Official DOL plan name: Synovus 401(k) Savings Plan · Sponsored by Synovus Financial Corp. · Georgia · Management of Enterprises
$788M in assets, 5,132 participants
Synovus Financial Corp.'s Synovus 401(k) Savings Plan reported $788M in total assets and 5,132 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- #1,059 in Management of Enterprises (1,137 peers)
Coverage in Georgia
Synovus 401(k) Savings Plan covers 5,132 participants in Georgia, 4.7x the typical Georgia plan (state average ~1,096 per filing). Assets: $788M.
- #1,059
- in Management of Enterprises (1,137 peers)
- +12.0%
- assets growth YoY
- 7.9×
- vs typical plan assets (national mean)
Synovus 401(k) Savings Plan's outsized position by total assets
Synovus 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$788,069,000 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Synovus 401(k) Savings Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Synovus 401(k) Savings Plan lands in the large band (5,132 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Synovus 401(k) Savings Plan reported net income rose from -$145M in the plan year 2022 filing to $85M in the plan year 2023 filing.
- Synovus 401(k) Savings Plan end-of-year assets rose from $704M in the plan year 2022 filing to $788M in the plan year 2023 filing.
- Synovus 401(k) Savings Plan reported participants rose from 5,008 in the plan year 2022 filing to 5,132 in the plan year 2023 filing.
DOL schedule card
Filing strip 581134883 · Synovus Financial Corp. PY 2023 · 401(k)
Synovus 401(k) Savings Plan · $788M · 5,132 · 98th
- BOY $788M
- BOY 5,132
- BOY 98th
- BOY 401(k)
- BOY near Akzonobel Retirement Savings Plan
- BOY ind #1059
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 Management of Enterprises retirement plans → · Plans in Georgia →
Synovus 401(k) Savings Plan in the asset neighbourhood
Georgia filing particulars
| Total Assets (Beginning of Year) | $704M |
|---|---|
| Net Assets (End of Year) | $788M |
| Net Income | $85M |
| Employer EIN | 581134883 |
| Plan Effective Date | 1995-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Synovus Financial Corp.)
Sponsor-wide plan assets over time
All Synovus Financial Corp. plans reported in each filing year
- Latest sponsor-wide plan assets
- $856M 21.61322235846076% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,008 | $704M |
| 2023 | 1 | 5,132 | $788M |
| 2024 | 1 | 4,904 | $856M |
Nearby 401(k) Plans in Georgia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Teamster - UPS National 401(k) Tax Deferred Savings Plan $17.2B · 510,511
- Delta 401(k) Retirement Plan $16.2B · 83,136
- Delta 401(k) Retirement Plan for Pilots $13.7B · 13,283
- UPS 401(k) Savings Plan $13.1B · 102,231
- The Home Depot Futurebuilder $12.6B · 413,365
Scale composition for Synovus 401(k) Savings Plan
Synovus 401(k) Savings Plan reports $788M in end-of-year assets across 5,132 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $153,560 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2023 was $85M.
This plan identity (EIN 581134883, plan #010) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $704M to $856M (+21.6%) while covered participants moved from 5,008 to 4,904 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,008 | $704M | Open filing |
| 2023 | 5,132 | $788M | This page |
| 2024 · index core | 4,904 | $856M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Synovus 401(k) Savings Plan (401(k), $856M, 4,904 participants)
Synovus 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Georgia, the nearest 401(k) by assets is Akzonobel Retirement Savings Plan in TN ($788M); by covered participants it is Viasat, Inc. 401(k) Profit Sharing Plan in CA (5,130 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($788M here).
- Akzonobel Retirement Savings Plan (TN) $788M · 2,476
- O'melveny & Myers LLP Retirement Savings Plan (CA) $788M · 1,213
- Intact USA Retirement Savings Plan (MN) $788M · 1,512
- IBEW Local 332 Pension Plan Part B (CA) $789M · 2,267
Similar participant headcount
Nearest other-state filings by covered participants (5,132 participants); asset peers above are excluded.
- Viasat, Inc. 401(k) Profit Sharing Plan (CA) 5,130 · 2 off
- Heico Savings and Investment Plan (FL) 5,127 · 5 off
- Nova Southeastern University 401(k) Plan (FL) 5,127 · 5 off
- Premise Health 401(k) Plan (TN) 5,138 · 6 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.