Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Synovus 401(K) Savings Plan is a benefit plan reported by Synovus Financial Corp. under EIN 58-1134883 and plan number 010. The latest loaded filing year is 2023. The filing reports 7,136 participants and $788,069,000 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $788,069,000
- Total liabilities (EOY)
- $83,807
- Net assets (EOY)
- $787,985,193
- Net assets (BOY)
- $703,350,550
Income & contributions
- Employer contributions
- $23,383,480
- Participant contributions
- $38,555,105
- Total contributions
- $69,724,961
- Total income / additions
- $190,487,032
Expenses & distributions
- Benefits paid
- $105,488,739
- Administrative expenses
- $353,815
- Total expenses
- $105,852,389
- Net increase / (decrease)
- $84,634,643