2023 Form 5500 filing — Discover Financial Services Pension Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010131917NAL0040822594001) for Discover Financial Services Pension Plan, reported by Discover Financial Services under EIN 36-2517428 and plan number 004. It reports 12,167 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010131917NAL0040822594001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Discover Financial Services
- EIN
- 36-2517428
- Plan number
- 004
- Location
- Riverwoods, IL
- Participants
- 12,167
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $518,061,817
- Total liabilities (EOY)
- $70,550
- Net assets (EOY)
- $517,991,267
- Total income / additions
- $45,269,774
- Benefits paid
- $20,561,060
- Administrative expenses
- $3,528,247
- Total expenses
- $24,089,307
- Net increase / (decrease)
- $21,180,467
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Goldman Sachs Asset Management, Lp | NONE | $877,624 | $0 |
| Alight Solutions LLC | NONE | $583,177 | $309 |
| Mercer Inc. | NONE | $146,305 | not reported in the loaded dataset |
| Bny Mellon | TRUSTEE | $105,428 | $0 |