SYNOVUS TRUST COMPANY
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Synovus Trust Company at a glance
Synovus Trust Company appears on 15 retirement plans in Form 5500 Schedule C filings through plan year 2024. Those plans hold $1.1B in assets for 171,805 participants. The median client plan holds $26.9M. Most client plans are sponsored in AL, FL and GA. The largest clients by plan assets are Principal Life Insurance Company, Board of Trustees of the Noe Annuity Plan and Beasley, Allen, Crow, Methvin, Portis & Miles, PC. Plans reported $638K in direct and indirect compensation paid to Synovus Trust Company, a median of $44K per plan.
- Participants
- 171,805
- Median plan assets
- $26.9M
- Median plan participants
- 444
- Median fees per plan
- $44K
- Schedule C direct + indirect
Top 15 client plans by assets
Latest Form 5500 filing per plan through 2024
| Sponsor | State | Assets | Participants |
|---|---|---|---|
| Principal Life Insurance Company | IA | $651M | 163,954 |
| Board of Trustees of the Noe Annuity Plan | TN | $88.4M | 1,917 |
| Beasley, Allen, Crow, Methvin, Portis & Miles, PC | AL | $62.8M | 347 |
| Nlogic, Inc. | AL | $54.4M | 542 |
| Macon Orthopaedic & Hand Center, PA | GA | $49.2M | 533 |
| Canvas, Inc. | AL | $42.9M | 682 |
| El Dorado Furniture Corporation | FL | $30.1M | 663 |
| Flournoy Development Group, LLC | GA | $26.9M | 363 |
| Bevilacqua Research Corporation | AL | $24.7M | 293 |
| Collum's Administration & Maintenance Company, LLC | SC | $18.4M | 170 |
| Oilmen's Equipment Corporation | SC | $16.4M | 155 |
| LA Cava, Jacobson & Goodis, P.A. | FL | $16.2M | 253 |
| Turningpoint Healthcare Solutions, LLC | FL | $6.6M | 444 |
| Syncro Corporation | AL | $5.5M | 129 |
| Crossroads Medical Management, Inc. | GA | $5.2M | 1,360 |
Top client states
- AL5 plans
- FL3 plans
- GA3 plans
- SC2 plans
- IA1 plan
Frequently asked questions
- Who uses Synovus Trust Company?
- 15 retirement plans list Synovus Trust Company as a service provider on Schedule C of Form 5500. The largest clients by plan assets include Principal Life Insurance Company, Board of Trustees of the Noe Annuity Plan, Beasley, Allen, Crow, Methvin, Portis & Miles, PC, Nlogic, Inc. and Macon Orthopaedic & Hand Center, PA. Most client plans are sponsored in AL, FL and GA.
- How many plans does Synovus Trust Company serve?
- Synovus Trust Company serves 15 retirement plans with $1.1B in plan assets and 171,805 participants, based on the latest Form 5500 filings through 2024.
- What does Synovus Trust Company charge?
- Plans reported $638K in total Schedule C compensation paid to Synovus Trust Company. The median plan paid $44K. Fees vary with plan size and the services each plan buys.
Market position · 2024
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