# Synchrony Financial 401(k) Plan
Source: https://planprovider.pro/companies/synchrony-financial-401k-plan

> Synchrony Financial's 401(k) plan: 10,687 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Synchrony Financial

- **Sponsor EIN:** 510483352

- **Sponsor Address:** 777 LONG RIDGE RD, STAMFORD, CT, 06902

- **Plan Type:** 401(k)

- **Total Participants:** 10,687

- **Total Assets:** $1.6B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|10,687|$1.6B|$86.6M|$86.7M|

| 2023|10,640|$1.3B|$87.5M|$81.1M|

| 2022|10,078|$969.4M|$78.4M|$71.9M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| PKF O'CONNOR DAVIES, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PKF O'CONNOR DAVIES, LLP](https://planprovider.pro/provider/bpas) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$388,040|—|$900|—|—|

| 2023|$351,947|—|$1,800|—|—|

| 2022|$427,489|—|—|—|—|

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