401(k) · DOL Form 5500 · 2023
Synchrony Financial 401(k) Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 10,078
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $127,238
- Avg per participant Near avg balance/head
Official DOL plan name: Synchrony Financial My Savings Plan · Sponsored by Synchrony Financial · Connecticut · Finance & Insurance
$1.3B in assets, 10,078 participants
Synchrony Financial's Synchrony Financial My Savings Plan reported $1.3B in total assets and 10,078 participants in its 2023 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.
- #8,684 in Finance & Insurance (8,869 peers)
Coverage in Connecticut
Synchrony Financial My Savings Plan covers 10,078 participants in Connecticut, 14x the typical Connecticut plan (state average ~718 per filing). Assets: $1.3B.
- #8,684
- in Finance & Insurance (8,869 peers)
- +32.3%
- assets growth YoY
- 13×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$1,282,302,594 Top 1% higher than 99% 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
Synchrony Financial My Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Synchrony Financial My Savings Plan is a mega filing (10,078 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Synchrony Financial My Savings Plan reported net income rose from -$115M in the plan year 2022 filing to $313M in the plan year 2023 filing.
- Synchrony Financial My Savings Plan end-of-year assets rose from $969M in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
- Synchrony Financial My Savings Plan reported participants rose from 9,910 in the plan year 2022 filing to 10,078 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 510483352 · Synchrony Financial PY 2023 · 401(k)
Synchrony Financial My Savings Plan · $1.3B · 10,078 · 99th
- NET $1.3B
- BOOK 10,078
- VS-ST 99th
- BOY 401(k)
- SCH near Ingersoll Rand Retirement Savings Plan
- EBSA ind #8684
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) | $969M |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | $313M |
| 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.
- Rtx Savings Plan $52.8B · 123,037
- Citi Retirement Savings Plan $20.7B · 77,865
- The Hartford Investment and Savings Plan $6.5B · 18,377
- Xerox Corporation Savings Plan $3.9B · 10,291
- Eversource 401(k) Plan $3.8B · 9,504
Scale composition for Synchrony Financial My Savings Plan
Synchrony Financial My Savings Plan reports $1.3B in end-of-year assets across 10,078 participants (0.010% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $127,238 per participant (92% of the national average assets-per-participant) . Net income for plan year 2023 was $313M.
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 | Open filing |
| 2023 | 10,078 | $1.3B | This page |
| 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 Ingersoll Rand Retirement Savings Plan in NC ($1.3B); by covered participants it is Enhabit Home Health & Hospice 401(k) Plan in TX (10,085 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- Ingersoll Rand Retirement Savings Plan (NC) $1.3B · 4,928
- Avery Dennison Corporation Employee Savings Plan (OH) $1.3B · 4,892
- I.a.T.S.E. Annuity Fund (NY) $1.3B · 96,657
- Jackson National Life Insurance Company Defined Contribution Plan (MI) $1.3B · 3,890
Similar participant headcount
Nearest other-state filings by covered participants (10,078 participants); asset peers above are excluded.
- Enhabit Home Health & Hospice 401(k) Plan (TX) 10,085 · 7 off
- Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan (UT) 10,088 · 10 off
- Ne Georgia Health System 401(k) Retirement Savings Plan (GA) 10,064 · 14 off
- Roper Technologies, Inc. Employees' Retirement Savings 004 Plan (FL) 10,095 · 17 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.