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Original filing (PDF)20251006083617NAL0001926915001
DISCOVER FINANCIAL SERVICES
Form 5500
FILING_RECEIVED
DISCOVER FINANCIAL SERVICES 401K PLAN
401(k) retirement plan
Signals · 2
No recordkeeper disclosed9 service providers
Active participants
20,237
Accounts w/ balance
26,671
Plan assets (EOY)
$3.2B
Net assets (EOY)
$3.2B
How this plan invests
This plan
20 pooled trusts
Schedule D
25 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
93
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
80
Vendor stack
80
Participation health
100
Knocking points off
- 7 bps in Schedule C fees — modestly above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for DISCOVER FINANCIAL SERVICES.
Plan sponsor
Name
DISCOVER FINANCIAL SERVICES
EIN
36-2517428
Address
2500 LAKE COOK ROAD · RIVERWOODS, IL · 60015
Phone
(224) 405-0900
Industry
Finance & Insurancesee all
Plan administrator
Name
EMPLOYEE BENEFITS COMMITTEE OF DISCOVER FINANCIAL SERVICES
EIN
36-2517428
City
RIVERWOODS, IL
Phone
(224) 405-0900
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-06
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3F · Sponsor used leased employees
3H · Sponsor in controlled / affiliated group
3J · U.S. plan covering Puerto Rico residents
Audit & trust (Schedule H)
Auditor
CROWE LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
9 rowsOther
9| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| STATE STREET GLOBAL ADVISORS | — | BOSTON, MA | NONE | $2.2M | — |
| JP MORGAN FUNDS SERVICES | — | BOSTON, MA | NONE | $116K | — |
| LOOMIS, SAYLES & COMPANY | 04-3200030 | — | NONE | $46K | — |
| INVESCO STABLE VAL | 36-6071399 | — | NONE | $8K | — |
| DIMENSIONAL FUNDS ADVISORS LP | 30-0447847 | — | NONE | $1K | — |
| DODGE AND COX | 94-1441976 | — | NONE | $637 | — |
| PIMCO | 33-0629048 | — | NONE | $295 | — |
| ALIGHT SOLUTIONS LLC | 82-1061233 | — | NONE | $0 | — |
| SEI TRUST COMPANY - ROTHSCHLID | — | OAKS, PA | NONE | $0 | — |
Investments
5 direct securities · 20 pooled funds· $3.2B(98% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$3.0B
20 holdings
Uncategorized
$94.2M
4 holdings
Mutual Funds
$70.2M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| SS S&P 500 INDEX SEC C-II STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 90-0337987 / PN 388 | Common Collective Trust | — | — | $778.3M | 24.2% | |
| JPMCB U.S. ANALYST FUND CF-A CLASS JP MORGAN CHASE BANK · EIN 13-7271225 / PN 001 | Common Collective Trust | — | — | $332.1M | 10.3% | |
| SSG ALL CAP EQUITY EX-US INDEX SEC STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 90-0337987 / PN 456 | Common Collective Trust | — | — | $297.0M | 9.2% | |
| RUSSELL SMALL/MID CAP INDEX SEC CII STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 90-0337987 / PN 167 | Common Collective Trust | — | — | $221.7M | 6.9% | |
| U.S. BOND INDEX SEC- C XIV STATE STREET GLOBAL ADVISORS · EIN 90-0337987 / PN 178 | Common Collective Trust | — | — | $218.3M | 6.8% | |
| TARGET RETIREMENT 2035 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 012 | Common Collective Trust | — | — | $140.0M | 4.4% | |
| INVESCO STABLE VALUE TRUST, CLSS B1 INVESCO TRUST COMPANY · EIN 36-6071399 / PN 377 | Common Collective Trust | — | — | $124.5M | 3.9% | |
| TARGET RETIREMENT 2045 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 014 | Common Collective Trust | — | — | $119.9M | 3.7% | |
| TARGET RETIREMENT 2055 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 016 | Common Collective Trust | — | — | $119.3M | 3.7% | |
| TARGET RETIREMENT 2050 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 015 | Common Collective Trust | — | — | $113.0M | 3.5% | |
| TARGET RETIREMENT 2040 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 013 | Common Collective Trust | — | — | $108.9M | 3.4% | |
| TARGET RETIREMENT 2030 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 011 | Common Collective Trust | — | — | $85.0M | 2.6% | |
| Dodge & Cox Dodge & Cox International Stock Fund | Mutual Funds | — | — | $70.2M | 2.2% | |
| LOOMIS SAYLES CORE PLUS FIXD INCM C LOOMIS, SAYLES TRUST CO, LLC · EIN 84-6391546 / PN 010 | Common Collective Trust | — | — | $69.2M | 2.2% | |
| TARGET RETIREMENT 2060 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 018 | Common Collective Trust | — | — | $65.3M | 2.0% | |
| JENNISON SMALL/MID CAP EQUITY FUND PRUDENTIAL TR CO COLLECTIVE TR · EIN 23-6994310 / PN 232 | Common Collective Trust | — | — | $56.7M | 1.8% | |
| TARGET RETIREMENT SEC INCM C-V STATE STREET GLOBAL ADVISORS · EIN 90-0337987 / PN 490 | Common Collective Trust | — | — | $54.9M | 1.7% | |
| TARGET RETIREMENT 2025 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 010 | Common Collective Trust | — | — | $49.2M | 1.5% | |
| and 9.50% | — | — | — | $41.9M | 1.3% | |
| Dimensional Fund Advisors DFA Emerging Market Core Equity Fund | — | — | — | $26.9M | 0.8% | |
| TARGET RETIREMENT 2020 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 009 | Common Collective Trust | — | — | $17.7M | 0.5% | |
| TARGET RETIREMENT 2065 SEC C-V STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 35-6785642 / PN 019 | Common Collective Trust | — | — | $15.2M | 0.5% | |
| Pacific Investment Management PIMCO FOREIGN BOND (U.S. Dollar-Hedged) | — | — | — | $14.8M | 0.5% | |
| Company LLC Pacific Investment Management PIMCO Inflation Response Multi-Asset Fund | — | — | — | $10.7M | 0.3% | |
| MELLON EB TEMPORARY INVESTMNT FD II THE BANK OF NEW YORK MELLON · EIN 25-6078093 / PN 023 | Common Collective Trust | — | — | $123K | <0.1% |