Retirement plan

SYNCHRONY FINANCIAL MY SAVINGS PLAN

Name: SYNCHRONY FINANCIAL - SYNCHRONY FINANCIAL MY SAVINGS PLAN (2019) Form 5500
Creator: SYNCHRONY FINANCIAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYNCHRONY FINANCIAL MY SAVINGS PLAN, SYNCHRONY FINANCIAL

SYNCHRONY FINANCIALEIN 51-0483352Plan #001PY 2019

777 LONG RIDGE RD - STAMFORD, CT 06927203-461-0904

Other plans on this EIN

1 filing

#002Retirement-$2.6M assets

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed December 1, 2015 (most recent of 3 filings on file)

Plan administrator

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777 Long Ridge Road

Stamford State: CT Zip Code: 06902

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Plans declared (1)

Synchrony Financial Change in Control Severance Plan15 emp

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Total assets (EOY)

$668.5M

-94.0% from 2016

Total participants

11,499

-24.2% from 2016

Average account balance

$58,158

-92.8% from 2016

Annual return

28.40%

-398.34 pp from 2016

Benchmarks

See 89 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort89 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.56B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$123K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

12,707

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$173.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.10%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$31

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$107,216

Plan features & details

Pension benefit codes2E2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$187K

$19 / participant

Other / not subdivided$187K100.0%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KPMG LLC
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,158

$110,760-47.5%

$162,185-64.1%

$82,204-29.3%

Participation rate

99.9%

92.7%+7.3pp

87.6%+12.4pp

73.4%+26.6pp

Annual return

28.40%

22.97%+5.4pp

115.61%-87.2pp

26.31%+2.1pp

Employer contribution / active EE

$7,008

$4,437+57.9%

$5,613+24.8%

$2,707+158.9%

Participant deferral / active EE

$5,977

$6,652-10.1%

$7,297-18.1%

$4,246+40.8%

Admin fee / account holder

$16

$65-75.0%

$10,844-99.8%

$76-78.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$107,216

SYNCHRONY FINANCIAL MY SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYNCHRONY FINANCIAL MY SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion