401(k) · DOL Form 5500 · 2023
Synovus Financial Corp. 401(k) Plan
Data updated 2026-08-11
- $788M
- Total assets
- 5,132
- Participants
- 98th
- Percentile by assets
- $153,560
- Avg per participant
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.
- 98th percentile by assets (of 127,072 plans)
- #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.
- $788M
- total plan assets (2023 EOY)
- 5,132
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $153,560
- avg assets per participant
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.
Participants vs Georgia filers
In Georgia, the average filing covers about 1,096 participants across 3,635 plans. Synovus 401(k) Savings Plan reports 5,132 participants - 4.7x that state average ($788M EOY assets).
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.)
| 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.
Synovus 401(k) Savings Plan vs. nearby 401(k) plans in Georgia, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Synovus 401(k) Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Synovus 401(k) Savings Plan assets move in 2023? ▼
How have Synovus Financial Corp. plan assets changed over time? ▼
Where does Synovus 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Synovus 401(k) Savings Plan? ▼
Next read for Synovus 401(k) Savings Plan
Filing takeaways
Ways to act on Synovus 401(k) Savings Plan's numbers.
- By total assets, Synovus 401(k) Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Georgia. Compare plans
- Synovus Financial Corp.'s sponsor-wide assets have grown 21.6% since 2022 across 3 plan years on file. More Management of Enterprises plans