Plan Snapshot
- Plan Sponsor: Discover Financial Services
- Sponsor EIN: 362517428
- Sponsor Address: 2500 LAKE COOK ROAD, RIVERWOODS, IL, 60015
- Plan Type: 401(k)
- Total Participants: 20,237
- Total Assets: $3.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 20,237 | $3.2B | $131.1M | $144.9M |
| 2023 | 20,346 | $2.8B | $124.5M | $130.9M |
| 2022 | 19,533 | $2.2B | $107.2M | $110.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,355,465 | $2,355,465 | — | — | — |
| 2023 | $2,283,101 | $2,283,101 | — | — | — |
| 2022 | $2,074,233 | $2,074,233 | — | — | — |