# U.S. Bancorp DB Plan
Source: https://planprovider.pro/companies/u-s-bancorp-plan-001

> U.S. Bancorp's DB plan: 58,000 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** U.S. Bancorp

- **Sponsor EIN:** 410255900

- **Sponsor Address:** 800 NICOLLET MALL BC-MN-4BEN, MINNEAPOLIS, MN, 55402

- **Plan Type:** DB

- **Total Participants:** 58,000

- **Total Assets:** $4.4B

## 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|58,000|$4.4B|$0|$0|

| 2023|54,934|$4.0B|$0|$0|

| 2022|51,786|$3.7B|$0|$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|

| ALIGHT SOLUTIONS LLC|NONE|$3,090,426|$3,951|$3,094,377|

| MORGAN LEWIS BOCKIUS LLP|NONE|$780,080|—|$780,080|

| ERNST & YOUNG, LLP|NONE|$116,300|—|$116,300|

| TOWERS WATSON DELAWARE|NONE|$101,509|—|$101,509|

| U.S. BANK NATIONAL ASSOCIATION|TRUSTEE|$46,257|—|$46,257|

| BUCK GLOBAL LLC|NONE|$23,268|—|$23,268|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ALIGHT SOLUTIONS LLC](https://planprovider.pro/provider/alight-solutions) — NONE

- [MORGAN LEWIS BOCKIUS LLP](https://planprovider.pro/provider/meyer-unkovic-and-scott-llp) — NONE

- [ERNST & YOUNG, LLP](https://planprovider.pro/provider/ernst-and-young-llp) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $4,161,791

- **Estimated Expense Ratio:** 0.095% of plan assets

### 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|$10,698,391|$89,789|$3,113,694|$116,300|—|

| 2023|$9,595,252|$748,257|$2,728,613|$78,000|—|

| 2022|$9,769,236|$2,063,837|$2,254,561|—|$146,110|

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