U.S. Bank 401(K) Savings Plan — Form 5500 plan (U.S. Bancorp)
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, U.S. Bank 401(K) Savings Plan is a benefit plan reported by U.S. Bancorp under EIN 41-0255900 and plan number 004. The latest loaded filing year is 2023. The filing reports 96,585 participants and $10,271,161,911 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- U.S. Bancorp
- EIN
- 41-0255900
- Plan number
- 004
- Plan type
- 2
- Location
- Minneapolis, MN
- Latest filing year
- 2023
- Participants
- 96,585
- End-of-year plan assets
- $10,271,161,911
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 96,585 | H, C | 20241015084808NAL0047083808001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,271,161,911
- Total liabilities (EOY)
- $1,787,735
- Net assets (EOY)
- $10,269,374,176
- Net assets (BOY)
- $8,264,768,544
Income & contributions
- Employer contributions
- $252,582,634
- Participant contributions
- $589,889,310
- Total contributions
- $1,290,904,032
- Total income / additions
- $2,790,163,428
Expenses & distributions
- Benefits paid
- $776,621,492
- Administrative expenses
- $8,621,833
- Total expenses
- $785,557,796
- Net increase / (decrease)
- $2,004,605,632
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alight Financial Advisors, LLC | NONE | $3,971,216 | not reported in the loaded dataset | 2023 |
| Alight Solutions LLC | NONE | $3,246,054 | $0 | 2023 |
| Galliard Capital Management, LLC | NONE | $583,748 | $0 | 2023 |
| Prudential Life Insurance Co | NONE | $217,820 | not reported in the loaded dataset | 2023 |
| American General Life Insurance Co | NONE | $209,758 | not reported in the loaded dataset | 2023 |
| Voya Retirement Ins And Annuity Co | NONE | $193,732 | not reported in the loaded dataset | 2023 |
| Alight Financial Solutions, LLC | NONE | $29,444 | $127,384 | 2023 |
| Metropolitan Tower Life Ins. Co. | NONE | $116,508 | not reported in the loaded dataset | 2023 |
| Pershing LLC | NONE | $0 | $89,897 | 2023 |
| U.S. Bank National Association | TRUSTEE | $55,494 | $0 | 2023 |
| Morgan Lewis Bockius Llp | NONE | $27,503 | not reported in the loaded dataset | 2023 |
| First American Funds, Inc. | NONE | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for U.S. Bancorp
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Minneapolis, MN
- Alight Financial Advisors, LLC — Schedule C compensation
- Alight Solutions LLC — Schedule C compensation
- Galliard Capital Management, LLC — Schedule C compensation
- Prudential Life Insurance Co — Schedule C compensation
- American General Life Insurance Co — Schedule C compensation
- Voya Retirement Ins And Annuity Co — Schedule C compensation
- Alight Financial Solutions, LLC — Schedule C compensation
- Metropolitan Tower Life Ins. Co. — Schedule C compensation
- Pershing LLC — Schedule C compensation
- U.S. Bank National Association — Schedule C compensation
- Morgan Lewis Bockius Llp — Schedule C compensation
- First American Funds, Inc. — Schedule C compensation