# Synovus Financial Corp. 401(k) Plan
Source: https://planprovider.pro/companies/synovus-financial-corp-581134883-501

> Synovus Financial Corp.'s 401(k) plan: 3,967 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Synovus Financial Corp.

- **Sponsor EIN:** 581134883

- **Sponsor Address:** P.O. BOX 120, COLUMBUS, GA, 31902

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

- **Plan Number:** 501

- **Total Participants:** 3,967

- **Total Assets:** $8.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

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

| 2024|3,967|$8.4M|$43.1M|$16.7M|

| 2023|4,074|$10.8M|$39.9M|$16.5M|

| 2022|4,211|$12.4M|$34.8M|$14.9M|

## 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|

| IEC GROUP, INC. DBA AMERIBEN|Other Service Provider|$1,481,686|—|$1,481,686|

| BLUE CROSS BLUE SHIELD OF GEORGIA|Other Service Provider|$1,404,794|—|$1,404,794|

| WELLPOINT|Other Service Provider|$1,357,978|—|$1,357,978|

| RIGHT RX FL, LLC DBA US-RX CARE|Other Service Provider|$1,238,757|—|$1,238,757|

| ZELIS|Other Service Provider|$135,688|—|$135,688|

| TELADOC|Other Service Provider|$127,481|—|$127,481|

| MILLIMAN|Recordkeeper|$103,890|—|$103,890|

| ROBINSON, GRIMES & CO., P.C.|Other Service Provider|$40,500|—|$40,500|

| ALIGHT SOLUTIONS, LLC|Recordkeeper|$30,174|—|$30,174|

| CLAIMS-X-CHANGE SOLUTIONS|Other Service Provider|$12,100|—|$12,100|

| ERNST & YOUNG|Auditor|$8,868|—|$8,868|

### Verified Provider Profiles

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

- [MILLIMAN](https://planprovider.pro/provider/milliman) — Recordkeeper

- [ALIGHT SOLUTIONS, LLC](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [ERNST & YOUNG](https://planprovider.pro/provider/ernst-and-young-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $5,941,916

- **Estimated Expense Ratio:** 70.929% 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|$6,122,315|—|$5,610,696|$40,500|—|

| 2023|$6,417,851|—|$6,074,065|$41,075|—|

| 2022|$5,334,490|—|$5,172,784|—|$79,497|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/synovus-financial-corp-581134883-501)

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