2023 Form 5500 filing — U.S. Bank 401(K) Savings 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 20241015084808NAL0047083808001) for U.S. Bank 401(K) Savings Plan, reported by U.S. Bancorp under EIN 41-0255900 and plan number 004. It reports 96,585 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015084808NAL0047083808001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- U.S. Bancorp
- EIN
- 41-0255900
- Plan number
- 004
- Location
- Minneapolis, MN
- Participants
- 96,585
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,271,161,911
- Total liabilities (EOY)
- $1,787,735
- Net assets (EOY)
- $10,269,374,176
- Employer contributions
- $252,582,634
- Participant contributions
- $589,889,310
- Total income / additions
- $2,790,163,428
- Benefits paid
- $776,621,492
- Administrative expenses
- $8,621,833
- Total expenses
- $785,557,796
- Net increase / (decrease)
- $2,004,605,632
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Alight Financial Advisors, LLC | NONE | $3,971,216 | not reported in the loaded dataset |
| Alight Solutions LLC | NONE | $3,246,054 | $0 |
| Galliard Capital Management, LLC | NONE | $583,748 | $0 |
| Prudential Life Insurance Co | NONE | $217,820 | not reported in the loaded dataset |
| American General Life Insurance Co | NONE | $209,758 | not reported in the loaded dataset |
| Voya Retirement Ins And Annuity Co | NONE | $193,732 | not reported in the loaded dataset |
| Alight Financial Solutions, LLC | NONE | $29,444 | $127,384 |
| Metropolitan Tower Life Ins. Co. | NONE | $116,508 | not reported in the loaded dataset |
| Pershing LLC | NONE | $0 | $89,897 |
| U.S. Bank National Association | TRUSTEE | $55,494 | $0 |
| Morgan Lewis Bockius Llp | NONE | $27,503 | not reported in the loaded dataset |
| First American Funds, Inc. | NONE | $0 | $0 |