Back to filter
Original filing (PDF)20251009120411NAL0006949361001
SYNOVUS FINANCIAL CORP.
Form 5500
FILING_RECEIVED
SYNOVUS EMPLOYEE HEALTH PLAN
Health & welfare plan
Signals · 4
84% in single holding~7093 bps in Sched C feesNo recordkeeper disclosed11 service providers
Active participants
3,967
Accounts w/ balance
—
Plan assets (EOY)
$8.4M
Net assets (EOY)
$2.1M
How this plan invests
This plan
2 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Money market accounts Number of shares Federated Hermes Gov't" is 84% of plan.
- 7093 bps in Schedule C fees — 13540% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for SYNOVUS FINANCIAL CORP..
Plan sponsor
Name
SYNOVUS FINANCIAL CORP.
EIN
58-1134883
Address
P.O. BOX 120 · COLUMBUS, GA · 31902
Phone
(706) 641-3955
Industry
Management of Companies / Holdingssee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-09
Welfare benefit codes
4A · Health (other than dental or vision)
Audit & trust (Schedule H)
Auditor
ROBINSON, GRIMES & COMPANY, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
11 rowsOther
11| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| IEC GROUP, INC. DBA AMERIBEN | 82-0497661 | — | NONE | $1.5M | — |
| BLUE CROSS BLUE SHIELD OF GEORGIA | 58-0469845 | — | NONE | $1.4M | — |
| WELLPOINT | 52-0913817 | — | NONE | $1.4M | — |
| RIGHT RX FL, LLC DBA US-RX CARE | 81-4177551 | — | NONE | $1.2M | — |
| ZELIS | 58-2167964 | — | NONE | $136K | — |
| TELADOC | 04-3705970 | — | NONE | $127K | — |
| MILLIMAN | 91-0675641 | — | NONE | $104K | — |
| ROBINSON, GRIMES & CO., P.C. | 58-1374304 | — | NONE | $41K | — |
| ALIGHT SOLUTIONS, LLC | 82-1061233 | — | NONE | $30K | — |
| CLAIMS-X-CHANGE SOLUTIONS | 27-2091752 | — | NONE | $12K | — |
| ERNST & YOUNG | 34-6565596 | — | NONE | $9K | — |
Investments
2 direct securities· $7.9M(94% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Money market accounts Number of shares Federated Hermes Gov't | — | — | $6.7M | $6.7M | 79.7% | |
| Year Transferred Late to the Plan Corrected VFCP | — | — | $1.2M | $1.2M | 14.6% |
Related plans
Similar-size Management of Companies / Holdings plans
CENTRAL TRUST COMPANY
CENTRAL TRUST COMPANY 401(K) & PROFIT SHARING PLAN
$8.3M · 56 participants
FSB PROPERTIES, INC.
FSB PROPERTIES, INC. ESOP & 401K PLAN
$8.3M · 49 participants
HERITAGE BANCSHARES GROUP, INC.
HERITAGE BANCSHARES GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
$8.5M · 78 participants
BELMONT FINANCIAL GROUP INC
BELMONT FINANCIAL GROUP INC 401K PLAN & TRUST
$8.7M · 55 participants
COMMUNITY SAVINGS BANK EDGEWOOD IOWA
COMMUNITY SAVINGS BANK EMPLOYEE SAVINGS AND RETIREMENT PLAN
$8.8M · 77 participants
COMMUNITY FIRST NATIONAL BANK
COMMUNITY FIRST NATIONAL BANK EMPLOYEES 401K PLAN
$8.8M · 68 participants
Large plans in Georgia
UNITED PARCEL SERVICE OF AMERICA, INC.
UPS GROUP TRUST
$42.9B
DELTA AIR LINES, INC
THE DELTA AIR LINES, INC. DEFINED CONTRIBUTION PLA
$37.3B
UNITED PARCEL SERVICE OF AMERICA, INC.
UPS RETIREMENT PLAN
$21.2B · 39,297 participants
DELTA AIR LINES, INC.
DELTA MASTER TRUST
$20.1B
INVESCO TRUST COMPANY
INVESCO SHORT-TERM BOND FUND
$19.7B
BOARD OF TRUSTEES OF THE TEAMSTERS - UPS 401K NATIONAL SAVINGS PLAN
THE TEAMSTER - UPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN
$19.3B · 451,512 participants