# Discover Financial Services 401(k) Plan
Source: https://planprovider.pro/companies/discover-financial-services-401k-plan

> Discover Financial Services's 401(k) plan: 20,237 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

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