PlanOptica
Retirement plan

U.S. BANK PENSION PLAN

U.S. BANCORPEIN 41-0255900Plan #001PY 2018
Sign in to saveView 5500 PDF
4000 WEST BROADWAY AVENUE - ROBBINSDALE, MN 55422763-971-1128
Other plans on this EIN
1 filing
#004Retirement-$6.37B assets
Prospect flagsLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(763) 971-1128
How to read this page

Summary metrics

Total assets (EOY)
$5057.8M
-6.9% from 2016
Total participants
100,809
+4.3% from 2016
Average account balance
$0
No prior year
Annual return
-11.13%
-9.36 pp from 2016

Benchmarks

See 42 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort42 peers
Snapshot2018
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $4,259
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $7,764,297
Admin fee / account holder
$0
median $62,356
Annual return
-11.13%
median -4.24%
Overall peer rank
7th 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 11 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC2 years
Service code 15 · EIN 82-1061233
Recordkeeping
$3,890,986
TOWERS WATSON DELAWARE4+ years
Service code 27 · EIN 52-1868818
Advisory (Plan)
$1,931,682
MSIM EMERGING MARKETS LEADERS TRUST1 year
Service code 28 · EIN 13-3040307
Investment Management
$912,687
PACIFIC INVESTMENT MGMT COMPANY LLC3 years
Service code 50 · EIN 33-0629048
Direct Payment
$910,785
NISA INVESTMENT ADVISORS, LLC4+ years
Service code 50 · EIN 48-1140940
Direct Payment
$908,632
COHEN & STEERS CAPITAL MGMT, INC.4+ years
Service code 50 · EIN 13-3353336
Direct Payment
$865,597
LEGAL&GENERAL INV MGMT AMERICA, INC4+ years
Service code 50 · EIN 20-8058531
Direct Payment
$845,513
STATE STREET GLOBAL ADVISORS4+ years
Service code 18 · EIN 04-0025081
Custodial (securities); Investment ma...
$756,661
NUVEEN ASSET MANAGEMENT, LLC4+ years
Service code 50 · EIN 27-4357327
Direct Payment
$554,321
U.S. BANK NATIONAL ASSOCIATION4+ years
Service code 25 · EIN 41-6271370
Directed Trustee
$82,261

Enrolled actuary

1 attachment
SB

KURTT A RICHMAN

WILLIS TOWERS WATSON US LLC.
Enrollment #1705123
8400 NORMANDALE LAKE BOULEVARD
SUITE 1700
MINNEAPOLIS, MN 554373837
(952) 842-7000
Signed 2019-09-23

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
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • U.S. Bank Executive Change in Control Severance Plan16 emp
Open the filing PDF

Plan features & details

Pension benefit codes1A1C3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A 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).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$18.8M
$332 / participant
  • Investment mgmt$8M41.0%
  • Contract admin$4M20.7%
  • Other / not subdivided$7M38.3%
% of EOY assets
0.371%
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