Plan Snapshot
- Plan Sponsor: U.S. Bancorp
- Sponsor EIN: 410255900
- Sponsor Address: 800 NICOLLET MALL BC-MN-4BEN, MINNEAPOLIS, MN, 55402
- Plan Type: 401(k)
- Total Participants: 67,658
- Total Assets: $11.4B
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 | 67,658 | $11.4B | $254.6M | $576.9M |
| 2023 | 72,919 | $10.3B | $252.6M | $589.9M |
| 2022 | 68,145 | $8.3B | $214.1M | $506.4M |
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 |
|---|---|---|---|---|
| ERNST & YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG — Auditor
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 | $9,820,237 | $7,230,816 | — | — | — |
| 2023 | $8,621,833 | $5,292,782 | — | — | — |
| 2022 | $7,921,295 | $4,763,422 | $2,553,698 | — | -$30,062 |