SYNCHRONY FINANCIAL MY SAVINGS PLAN

Plan Contact

  • Address: 777 LONG RIDGE RD,STAMFORD,CT
  • Contact person: AARON BROWN
  • Phone: (844) 793-4772

Plan General Information

SYNCHRONY FINANCIAL MY SAVINGS PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SYNCHRONY FINANCIAL MY SAVINGS PLAN is $1,282,302,594.00.This plan was established in 2015.

SYNCHRONY FINANCIAL MY SAVINGS PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SYNCHRONY FINANCIAL MY SAVINGS PLAN is 12398

SYNCHRONY FINANCIAL MY SAVINGS PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SYNCHRONY FINANCIAL MY SAVINGS PLAN is $103,428.00

SYNCHRONY FINANCIAL MY SAVINGS PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SYNCHRONY FINANCIAL MY SAVINGS PLAN is $6,805.00.

SYNCHRONY FINANCIAL MY SAVINGS PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SYNCHRONY FINANCIAL MY SAVINGS PLAN is approximately $7,055.00
Investing in this additonal $7,055.00 for 20 years would give you extra $451,524.00, assuming a 10% annual return.

SYNCHRONY FINANCIAL MY SAVINGS PLAN Total Employer Contribution and Match Rate

In 2023, SYNCHRONY FINANCIAL MY SAVINGS PLAN allocates $87,468,769.00 to match its employees' contributions, providing an employer match rate of 107.92% of their contributions

SYNCHRONY FINANCIAL MY SAVINGS PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SYNCHRONY FINANCIAL MY SAVINGS PLAN is 32.28%.

SYNCHRONY FINANCIAL MY SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SYNCHRONY FINANCIAL MY SAVINGS PLAN is 19.94%. This measures the effectiveness of the plan participants' investments in the year.

SYNCHRONY FINANCIAL MY SAVINGS PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SYNCHRONY FINANCIAL MY SAVINGS PLAN is 0.03%.

Enrollment Features

SYNCHRONY FINANCIAL MY SAVINGS PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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