Employers › Synovus Financial
Recordkeeping fees per participant · Synovus 401(k) Savings Plan · plan year 2024
$46.97
Higher than 46% of the 1,697 plans $250M to 1B that report it.
= $296,262 / 6,307
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251007075123NAL0004294145001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007075123NAL0004294145001, received 2025-10-07
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-07.
Administrative expenses excluding investment management, per participant
$58.86
Higher than 41% of the 2,324 plans $250M to 1B that report it.
= $371,214 / 6,307
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251007075123NAL0004294145001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007075123NAL0004294145001, received 2025-10-07
Administrative expenses per participant
$58.86
Higher than 27% of the 2,405 plans $250M to 1B that report it.
= $371,214 / 6,307
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007075123NAL0004294145001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007075123NAL0004294145001, received 2025-10-07
Administrative expenses as a share of assets
0.043%
Higher than 28% of the 2,407 plans $250M to 1B that report it.
= $371,214 / $855,837,346
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007075123NAL0004294145001, received 2025-10-07
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251007075123NAL0004294145001, received 2025-10-07
Employer contributions per participant
$3,546
Higher than 58% of the 2,457 plans $250M to 1B that report it.
= $22,366,092 / 6,307
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007075123NAL0004294145001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007075123NAL0004294145001, received 2025-10-07
Employer share of total contributions
34.0%
Higher than 60% of the 2,459 plans $250M to 1B that report it.
= $22,366,092 / $65,701,801
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007075123NAL0004294145001, received 2025-10-07
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251007075123NAL0004294145001, received 2025-10-07
Employer match
“For the years ended December 31, 2024, 2023, and 2022, Synovus provided a 100% matching contribution on the first 5% of eligible employee 401(k) contributions for a total annual contribution of $24.5 million, $25.2 million, and $23.0 million, respectively.”
Form 10-K filed 2025-02-21, for the year ended 2024-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2024-12-31. Figures cover plan year 2024. The plan document governs.
2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · 3I · 2E profit-sharing · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251007075123NAL0004294145001, received 2025-10-07
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SYNOVUS FINANCIAL CORP. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Plan name | SYNOVUS 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Sponsor EIN / plan number | 58-1134883 / 010 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Sponsor location | COLUMBUS, GA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Industry (business code) | 551111, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Filing received | 2025-10-07 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Participants, beginning of year | 6,955 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Active participants | 4,787 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Participants, end of year | 6,703 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Participants with an account balance | 6,307 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Total assets, beginning of year | $788,069,000 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Total assets, end of year | $855,837,346 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Net assets, end of year | $855,757,924 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Total income | $173,374,227 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Net income | $67,772,731 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Employer contributions | $22,366,092 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Participant contributions | $36,832,864 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Other contributions (incl. rollovers) | $6,502,845 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Total contributions | $65,701,801 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Benefit payments | $105,165,139 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Total expenses (incl. benefit payments) | $105,601,496 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Total administrative expenses | $371,214 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Recordkeeping fees | $296,262 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| IQPA audit fees | $11,400 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Administrative expenses excluding investment management | $371,214 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Held in common/collective trusts | $23,472,560 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Held in mutual funds | $786,886,896 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251007075123NAL0004294145001, received 2025-10-07 |
| Independent auditor | ROBINSON , GRIMES & COMPANY, PC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251007075123NAL0004294145001, received 2025-10-07 |
Position = column in the DOL layout for form year 2024. Filing 20251007075123NAL0004294145001, received 2025-10-07.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $296,262 | yes |
| ROBINSON, GRIMES & CO, PC | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $11,400 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251007075123NAL0004294145001, received 2025-10-07.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $788,069,000 | $855,837,346 | 8.6% |
| Participants with a balance | 6,786 | 6,307 | -7.1% |
| Administrative expenses | $353,815 | $371,214 | 4.9% |
| Recordkeeping fees per participant | $43.03 | $46.97 | 9.2% |
| Employer contributions | $23,383,480 | $22,366,092 | -4.4% |
Prior filing 20241007080212NAL0014910049001, received 2024-10-07; the plan years are contiguous.
Sponsor name as filed: SYNOVUS FINANCIAL CORP.; SEC registrant: SYNOVUS FINANCIAL CORP (CIK 18349, matched by EIN; display name from the Form 10-K cover).