Retirement plan

U.S. BANK PENSION PLAN

Name: U.S. BANCORP - U.S. BANK PENSION PLAN (2017) Form 5500
Creator: U.S. BANCORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.S. BANK PENSION PLAN, U.S. BANCORP

U.S. BANCORPEIN 41-0255900Plan #001PY 2017

4000 WEST BROADWAY AVENUE - ROBBINSDALE, MN 55422763-971-1128

Other plans on this EIN

1 filing

#004Retirement-$6.81B assets

Prospect flagsHigh cash

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

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Plans declared (1)

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

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Total assets (EOY)

$5898.1M

-6.9% from 2016

Total participants

95,772

+4.3% from 2016

Average account balance

No prior year

Annual return

26.99%

-9.36 pp from 2016

Benchmarks

See 43 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants>=10,000

Cohort43 peers

Snapshot2017

Participant deferral / active EE

median $0

Employer contribution / active EE

$18,463

median $8,745

Participation rate

0.0%

median 0.0%

Avg account balance

median $14,491,905

Admin fee / account holder

median $81,210

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)

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
WILLIS TOWERS WATSON US LLC3+ years Filed as: TOWERS WATSON DELAWARE Service code 27 · EIN 52-1868818	Advisory (Plan)	$1,434,483
PIMCO FUNDS2 years Filed as: PACIFIC INVESTMENT MGMT COMPANY LLC Service code 50 · EIN 33-0629048	Direct Payment	$942,040
STATE STREET GLOBAL ADVISORS3+ years Service code 18 · EIN 04-0025081	Investment management fees paid direc...	$800,205
NISA INVESTMENT ADVISORS, LLC3+ years Service code 50 · EIN 48-1140940	Direct Payment	$687,747
COHEN & STEERS3+ years Filed as: COHEN & STEERS CAPITAL MGMT, INC. Service code 50 · EIN 13-3353336	Direct Payment	$678,757
NUVEEN3+ years Filed as: NUVEEN ASSET MANAGEMENT, LLC Service code 50 · EIN 27-4357327	Direct Payment	$618,063
LEGAL & GENERAL INVESTMENT3+ years Filed as: LEGAL&GENERAL INV MGMT AMERICA, INC Service code 50 · EIN 20-8058531	Direct Payment	$506,128
EMERGING MARKETS VALUE PORTFOLIO1 year Filed as: EMERGING MARKETS LEADERS TRUST Service code 28 · EIN 13-3040307	Investment Management	$134,934
US BANK3+ years Filed as: U.S. BANK NATIONAL ASSOCIATION Service code 25 · EIN 41-6271370	Directed Trustee	$65,689

Enrolled actuary

1 attachment

KURTT A RICHMAN

TOWERS WATSON DELAWARE INC.

Enrollment #1705123

8400 NORMANDALE LAKE BOULEVARD

MINNEAPOLIS, MN 554373837

(952) 842-7000

Signed 2018-09-25

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

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,491,905-100.0%

$411,917-100.0%

$14,491,905-100.0%

Participation rate

0.0%

0.0%0pp

16.2%-16.2pp

5.3%-5.3pp

Annual return

26.99%

13.90%+13.1pp

10.36%+16.6pp

1057.21%-1030.2pp

Employer contribution / active EE

$18,463

$9,853+87.4%

$37,738-51.1%

$14,374+28.4%

Participant deferral / active EE

$7-100.0%

$137-100.0%

$351-100.0%

Admin fee / account holder

$81,210-100.0%

$15,661-100.0%

$81,210-100.0%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC1 year

Service code 15 · EIN 82-1061233

Recordkeeping

$3,193,163

WILLIS TOWERS WATSON US LLC3+ years

Filed as: TOWERS WATSON DELAWARE

Service code 27 · EIN 52-1868818

Advisory (Plan)

$1,434,483

PIMCO FUNDS2 years

Filed as: PACIFIC INVESTMENT MGMT COMPANY LLC

Service code 50 · EIN 33-0629048

Direct Payment

$942,040

STATE STREET GLOBAL ADVISORS3+ years

Service code 18 · EIN 04-0025081

Investment management fees paid direc...

$800,205

NISA INVESTMENT ADVISORS, LLC3+ years

Service code 50 · EIN 48-1140940

Direct Payment

$687,747

COHEN & STEERS3+ years

Filed as: COHEN & STEERS CAPITAL MGMT, INC.

Service code 50 · EIN 13-3353336

Direct Payment

$678,757

NUVEEN3+ years

Filed as: NUVEEN ASSET MANAGEMENT, LLC

Service code 50 · EIN 27-4357327

Direct Payment

$618,063

LEGAL & GENERAL INVESTMENT3+ years

Filed as: LEGAL&GENERAL INV MGMT AMERICA, INC

Service code 50 · EIN 20-8058531

Direct Payment

$506,128

EMERGING MARKETS VALUE PORTFOLIO1 year

Filed as: EMERGING MARKETS LEADERS TRUST

Service code 28 · EIN 13-3040307

Investment Management

$134,934

US BANK3+ years

Filed as: U.S. BANK NATIONAL ASSOCIATION

Service code 25 · EIN 41-6271370

Directed Trustee

$65,689

U.S. BANK PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

KURTT A RICHMAN

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.S. BANK PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

KURTT A RICHMAN

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion