Retirement plan
U.S. BANK LEGACY PENSION PLAN
U.S. BANCORPEIN 41-0255900Plan #007PY 2020
4000 WEST BROADWAY AVENUE - ROBBINSDALE, MN 55422763-971-1128
Other plans on this EIN
2 filingsProspect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$3460.8M
-5.4% from 2021
Total participants
45,906
+0.9% from 2021
Average account balance
$0
No prior year
Annual return
0.00%
-10.63 pp from 2021
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants250-999
Cohort221 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $0
64
Employer contribution / active EE
$54,054
median $13,762
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $1,863,299
0
Admin fee / account holder
$0
median $4,319
0
Annual return
0.00%
median 11.34%
Overall peer rank
64of 100
64th percentileavg across 6 metrics
Analytics
2020 - 2024
Total assets (EOY)
Plan-year ending balance
$3.48B
Average account balance
Total assets / participants with a balance (line 6g)
$77K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
43,398
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
$50.00M
Not enough data
1 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$54K
Not enough data
1 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+23.30%
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 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS LLC1+ years Service code 15 · EIN 82-1061233 | Recordkeeping | $2,176,165 |
TOWERS WATSON DELAWARE1+ years Service code 27 · EIN 52-1868818 | Advisory (Plan) | $1,112,862 |
MORGAN LEWIS BOCKIUS LLP1+ years Service code 29 · EIN 23-0891050 | Legal | $94,089 |
WILLIS TOWERS WATSON US LLC1+ years Service code 50 · EIN 53-0181291 | Direct Payment | $84,444 |
U.S. BANK NATIONAL ASSOCIATION1+ years Service code 25 · EIN 31-0841368 | Directed Trustee | $12,363 |
Enrolled actuary
1 attachment
SB
KURTT A RICHMAN
WILLIS TOWERS WATSON US LLC
Enrollment #2005123
8400 NORMANDALE LAKE BOULEVARD
SUTIE 1700
MINNEAPOLIS, MN 554373837
(952) 842-7000
Signed 2021-09-24
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
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$7.4M
$8022 / participant
- Investment mgmt$1M16.1%
- Contract admin$2M29.3%
- Other / not subdivided$4M54.5%
% of EOY assets
0.214%
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 & YOUNG LLP
- Auditor EIN
- 346565596
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer