401(k) · DOL Form 5500 · 2023
Synchrony Financial 401(k) Plan
Data updated 2026-08-06
- $1.3B
- Total assets
- 10,078
- Participants
- 99th
- Percentile by assets
- $127,238
- Avg per participant
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.
- 99th percentile by assets (of 126,618 plans)
- #8,667 in Finance & Insurance (8,852 peers)
Coverage in Connecticut
Synchrony Financial My Savings Plan covers 10,078 participants in Connecticut, 14x the typical Connecticut plan (state average ~740 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2023 EOY)
- 10,078
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $127,238
- avg assets per participant
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.
Participants vs Connecticut filers
In Connecticut, the average filing covers about 740 participants across 1,756 plans. Synchrony Financial My Savings Plan reports 10,078 participants - 14x that state average ($1.3B EOY assets).
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)
| 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.
Synchrony Financial My Savings Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
- 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 (0.011% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.011% of 89,805,449 covered participants) - about $127,238 per participant (93% 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Synchrony Financial My Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Synchrony Financial My Savings Plan assets move in 2023? ▼
How have Synchrony Financial plan assets changed over time? ▼
Where does Synchrony Financial My Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Synchrony Financial My Savings Plan? ▼
Next read for Synchrony Financial My Savings Plan
Filing takeaways
Ways to act on Synchrony Financial My Savings Plan's numbers.
- By total assets, Synchrony Financial My Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Connecticut. Compare plans
- Synchrony Financial's sponsor-wide assets have grown 61.3% since 2022 across 3 plan years on file. More Finance & Insurance plans