Discover Financial Services 401k Plan — Form 5500 plan (Discover Financial Services)
Plain-English plan 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, Discover Financial Services 401k Plan is a benefit plan reported by Discover Financial Services under EIN 36-2517428 and plan number 003. The latest loaded filing year is 2023. The filing reports 27,201 participants and $2,759,344,377 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Discover Financial Services
- EIN
- 36-2517428
- Plan number
- 003
- Plan type
- 2
- Location
- Riverwoods, IL
- Latest filing year
- 2023
- Participants
- 27,201
- End-of-year plan assets
- $2,759,344,377
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 27,201 | H, C | 20241007121914NAL0007562067001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,759,344,377
- Total liabilities (EOY)
- $8,973,522
- Net assets (EOY)
- $2,750,370,855
- Net assets (BOY)
- $2,228,235,241
Income & contributions
- Employer contributions
- $124,533,007
- Participant contributions
- $130,927,018
- Total contributions
- $273,528,225
- Total income / additions
- $674,181,335
Expenses & distributions
- Benefits paid
- $149,857,851
- Administrative expenses
- $2,283,101
- Total expenses
- $152,045,721
- Net increase / (decrease)
- $522,135,614
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| State Street Global Advisors | NONE | $2,691,228 | $0 | 2023 |
| Jp Morgan Funds Services | NONE | $55,542 | not reported in the loaded dataset | 2023 |
| Loomis, Sayles & Company | NONE | $35,820 | $0 | 2023 |
| Alight Solutions LLC | NONE | $0 | $25,000 | 2023 |
| Invesco Stable Val | NONE | $6,973 | not reported in the loaded dataset | 2023 |
| Dodge And Cox | NONE | $514 | $0 | 2023 |
| Dimensional Funds Advisors Lp | NONE | $423 | $0 | 2023 |
| Pimco | NONE | $197 | $0 | 2023 |
| Sei Trust Company - Rothschlid | NONE | $7 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Discover Financial Services
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Riverwoods, IL
- State Street Global Advisors — Schedule C compensation
- Jp Morgan Funds Services — Schedule C compensation
- Loomis, Sayles & Company — Schedule C compensation
- Alight Solutions LLC — Schedule C compensation
- Invesco Stable Val — Schedule C compensation
- Dodge And Cox — Schedule C compensation
- Dimensional Funds Advisors Lp — Schedule C compensation
- Pimco — Schedule C compensation
- Sei Trust Company - Rothschlid — Schedule C compensation