Plan Snapshot
- Plan Sponsor: Synovus Financial Corp.
- Sponsor EIN: 581134883
- Sponsor Address: RETIREMENT BENEFITS, COLUMBUS, GA, 31901
- Plan Type: 401(k)
- Total Participants: 4,787
- Total Assets: $855.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,787 | $855.8M | $22.4M | $36.8M |
| 2023 | 4,904 | $788.1M | $23.4M | $38.6M |
| 2022 | 5,132 | $703.7M | $21.6M | $35.2M |
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 |
|---|---|---|---|---|
| ROBINSON , GRIMES & COMPANY, PC | Auditor | $11,400 | — | $11,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,400
- Estimated Expense Ratio: 0.001% of plan assets
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 | $371,214 | — | — | $11,400 | — |
| 2023 | $353,815 | — | — | — | — |
| 2022 | $406,418 | — | — | — | — |