# Discover Financial Services DB Plan
Source: https://planprovider.pro/companies/discover-financial-services-plan-004

> Discover Financial Services's DB plan: 2,469 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:** DB

- **Total Participants:** 2,469

- **Total Assets:** $482.8M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|2,469|$482.8M|$0|$0|

| 2023|2,591|$518.1M|$0|$0|

| 2022|2,739|$497.5M|$115.0M|$0|

## 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|$3,493,463|$1,235,487|$619,173|—|—|

| 2023|$3,528,247|$877,624|$583,177|—|—|

| 2022|$6,481,141|$864,542|—|—|$821,648|

## Similar Plans

- [Payroc Worldaccess, LLC](https://planprovider.pro/companies/payroc-worldaccess-llc-401k-plan) — 643 participants

- [Discover Financial Services](https://planprovider.pro/companies/discover-financial-services-401k-plan) — 20,237 participants

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