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: 1,929
- Total Assets: $3.5B
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 | 1,929 | $3.5B | $0 | $0 |
| 2023 | 1,753 | $3.0B | $0 | $0 |
| 2022 | 1,727 | $2.9B | $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 | $2,231,874 | $2,008 | $2,233,882 |
| ERNST & YOUNG, LLP | NONE | $143,700 | — | $143,700 |
| MORGAN LEWIS BOCKIUS LLP | NONE | $91,744 | — | $91,744 |
| WILLIS TOWERS WATSON US LLC | NONE | $60,055 | — | $60,055 |
| BUCK GLOBAL LLC | NONE | $14,261 | — | $14,261 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — NONE
- ERNST & YOUNG, LLP — NONE
- MORGAN LEWIS BOCKIUS LLP — NONE
- WILLIS TOWERS WATSON US LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,543,642
- Estimated Expense Ratio: 0.073% 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 | $7,215,255 | $60,055 | $2,313,286 | $143,700 | — |
| 2023 | $7,157,792 | $520,752 | $2,207,009 | $91,000 | — |
| 2022 | $7,410,969 | $1,375,891 | $1,908,240 | — | $123,894 |