Synovus Financial 401(k) match, vesting and fees
What Synovus 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 | Robinson , Grimes & Company, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 35 defined-contribution plans in management of companies and enterprises with 5,000 to 9,999 participants.
| Synovus Financial: employer contribution per participant | $3,546 | |
| Peer median | $2,915 |
| Synovus Financial: average balance | $135,684 | |
| Peer median | $131,844 |
| Synovus Financial: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.06% |
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 $788M at the end of plan year 2023 to $856M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 6,703 | $856M | $22.4M | $3,546 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 6,955 | $788M | $23.4M | $3,446 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Synovus Financial match 401(k) contributions?
The match terms for the Synovus 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $22.4M in employer contributions, about $3,546 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Synovus Financial 401(k) match vested?
The vesting schedule for the Synovus 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Synovus Financial 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Synovus Financial Corp..
I left Synovus Financial. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Synovus Financial Corp., (706) 641-3964) or the recordkeeper, Fidelity Investments Institutional. The Synovus Financial old 401(k) page lists the contacts from every plan filing. Find an old Synovus Financial 401(k)
Data from the public Form 5500 annual reports Synovus Financial filed with the U.S. Department of Labor (plan years 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 Synovus Financial. Not financial advice. Report a correction · Methodology