Retirement plan

U.S. BANK MUFG PENSION PLAN

U.S. BANCORPEIN 41-0255900Plan #040PY 2023
800 NICOLLET MALL BC-MN-4BEN - MINNEAPOLIS, MN 55402312-325-8799
Prospect flagsRecently cancelled planLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(312) 325-8799

Summary metrics

Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-96.48%
No prior year

Benchmarks

Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants<25
Cohort3,137 peers
Snapshot2023
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $30,000
Participation rate
0.0%
median 59.6%
Avg account balance
$0
median $139,268
Admin fee / account holder
$0
median $48
Annual return
-96.48%
median 8.93%
Overall peer rank
1st percentileavg across 6 metrics

Analytics

Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Top 7 by compensation
ProviderService typeCompensation
Service code 50 · EIN 53-0181291
Direct Payment
$332,333
Service code 15 · EIN 82-1061233
Recordkeeping
$168,761
Service code 29 · EIN 23-0891050
Legal
$120,721
Service code 10 · EIN 34-6565596
Accounting
$75,000
Service code 27 · EIN 52-1868818
Advisory (Plan)
$47,264
Service code 15 · EIN 41-0255900
Recordkeeping
$12,500
Service code 25 · EIN 41-6271370
Directed Trustee
$160

Enrolled actuary

1 attachment
SB

KURTT A RICHMAN

WILLIS TOWERS WATSON US LLC
Enrollment #2305123
8400 NORMANDALE LAKE BOULEVARD
SUITE 1700
MINNEAPOLIS, MN 554373837
(952) 842-7000
Signed 2025-08-04

Top hat statement on fileNQDC

Filed April 24, 2026 (most recent of 6 filings on file)

Plans declared (1)

  • U.S. Bank Executive Change in Control Severance Plan16 emp

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

3 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.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$1.5M
  • Recordkeeping$13K0.9%
  • Investment mgmt$380K25.9%
  • Legal$121K8.2%
  • Other trustee fees$1600.0%
  • Contract admin$235K16.0%
  • Other / not subdivided$719K49.0%
% of EOY assets
-
all-in expense ratio
Categories reported
5 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
$75,000
Opinion code
Unqualified