# U.S. Bancorp DB Plan
Source: https://planprovider.pro/companies/u-s-bancorp-plan-007

> U.S. Bancorp's DB plan: 1,929 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:** 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](https://planprovider.pro/provider/alight-solutions) — NONE

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

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

- [WILLIS TOWERS WATSON US LLC](https://planprovider.pro/provider/lincoln-financial-group) — 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|

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