Synchrony Financial 401(k) match, vesting and fees
What Synchrony Financial's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Pkf O'Connor Davies, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 105 defined-contribution plans in finance and insurance with 10,000 to 49,999 participants.
| Synchrony Financial: employer contribution per participant | $6,819 | |
| Peer median | $3,632 |
| Synchrony Financial: average balance | $123,093 | |
| Peer median | $158,114 |
| Synchrony Financial: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.1B at the end of plan year 2021 to $1.6B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 12,820 | $1.6B | $86.6M | $6,819 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 12,774 | $1.3B | $87.5M | $6,850 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 12,398 | $969M | $78.4M | $6,336 | 0.04% | Not published | Form 5500 ↗ |
| 2021 | 12,920 | $1.1B | $71M | $5,495 | 0.02% | Not published | Form 5500 ↗ |
Other Synchrony Financial plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Synchrony Financial Puerto Rico Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Retirement · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Synchrony Financial match 401(k) contributions?
The match terms for the Synchrony Financial My Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $86.6M in employer contributions, about $6,819 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Synchrony Financial 401(k) match vested?
The vesting schedule for the Synchrony Financial My Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Synchrony Financial 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Synchrony Financial My Savings Plan Investment Committee.
I left Synchrony Financial. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Synchrony Financial My Savings Plan Investment Committee, (844) 793-4772) or the recordkeeper, Fidelity Investments Institutional. The Synchrony Financial old 401(k) page lists the contacts from every plan filing. Find an old Synchrony Financial 401(k)
Data from the public Form 5500 annual reports Synchrony Financial filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Synchrony Financial. Not financial advice. Report a correction · Methodology