Retirement plan
U.S. BANK PENSION PLAN
U.S. BANCORPEIN 41-0255900Plan #001PY 2017
4000 WEST BROADWAY AVENUE - ROBBINSDALE, MN 55422763-971-1128
Other plans on this EIN
1 filingProspect flagsHigh cash
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$5898.1M
-6.9% from 2016
Total participants
95,772
+4.3% from 2016
Average account balance
$0
No prior year
Annual return
26.99%
-9.36 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort43 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $0
64
Employer contribution / active EE
$18,463
median $8,745
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $14,491,905
0
Admin fee / account holder
$0
median $81,210
98
Annual return
26.99%
median 13.09%
Overall peer rank
81of 100
81st percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.38B
Average account balance
Total assets / participants with a balance (line 6g)
$60K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
15,390
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$950.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$17K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.39%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 13 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS LLC1 year Service code 15 · EIN 82-1061233 | Recordkeeping | $3,193,163 |
TOWERS WATSON DELAWARE3+ years Service code 27 · EIN 52-1868818 | Advisory (Plan) | $1,434,483 |
Service code 50 · EIN 33-0629048 | Direct Payment | $942,040 |
STATE STREET GLOBAL ADVISORS3+ years Service code 18 · EIN 04-0025081 | Custodial (other than securities); Di... | $800,205 |
NISA INVESTMENT ADVISORS, LLC3+ years Service code 50 · EIN 48-1140940 | Direct Payment | $687,747 |
Service code 50 · EIN 13-3353336 | Direct Payment | $678,757 |
NUVEEN ASSET MANAGEMENT, LLC3+ years Service code 50 · EIN 27-4357327 | Direct Payment | $618,063 |
Service code 50 · EIN 20-8058531 | Direct Payment | $506,128 |
Service code 28 · EIN 13-3040307 | Investment Management | $134,934 |
U.S. BANK NATIONAL ASSOCIATION3+ years Service code 25 · EIN 41-6271370 | Directed Trustee | $65,689 |
Enrolled actuary
1 attachment
SB
KURTT A RICHMAN
TOWERS WATSON DELAWARE INC.
Enrollment #1705123
8400 NORMANDALE LAKE BOULEVARD
MINNEAPOLIS, MN 554373837
(952) 842-7000
Signed 2018-09-25
Top hat statement on fileNQDC
Filed April 24, 2026 (most recent of 6 filings on file)
Plan administrator
Plan administrator name— Sign in and upgrade to view
800 Nicollet Mall BC-MN-4BEN
Minneapolis, MN 55402
Plans declared (1)
- U.S. Bank Executive Change in Control Severance Plan16 emp
Plan features & details
Pension benefit codes1A1C3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Expense breakdown
Schedule H Part II
Admin total
$15.5M
$287 / participant
- Investment mgmt$6M36.8%
- Contract admin$3M20.6%
- Other / not subdivided$7M42.7%
% of EOY assets
0.263%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- ERNST AND YOUNG LLP
- Auditor EIN
- 346565596
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer