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Original filing (PDF)20251006083251NAL0003371633001
DISCOVER FINANCIAL SERVICES
Form 5500
FILING_RECEIVED
DISCOVER FINANCIAL SERVICES PENSION PLAN
Defined-benefit pension plan
Signals · 2
53% in single holdingNo recordkeeper disclosed
Active participants
2,469
Accounts w/ balance
—
Plan assets (EOY)
$482.8M
Net assets (EOY)
$481.9M
How this plan invests
This plan
4 pooled trusts
Schedule D
6 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
55
Participation health
100
Knocking points off
- Top holding "S GOLDMAN SACHS* Goldman Sachs Collective Trust Long Duration Credit Fund" is 53% of plan.
- 46 bps in Schedule C fees — 364% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
- Plan is frozen (1I) — no new benefit accrual.
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
004
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-06
Pension benefit codes
1A · Pay-related DB formula
1I · Frozen plan — no new benefit accrual
3F · Sponsor used leased employees
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
CROWE LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsTrustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BNY MELLON | 25-6078093 | — | TRUSTEE | $120K | — |
Other
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GOLDMAN SACHS ASSET MANAGEMENT, LP | 13-3575636 | — | NONE | $1.2M | — |
| ALIGHT SOLUTIONS LLC | 82-1061233 | — | NONE | $619K | — |
| MERCER INC. | 13-2834414 | — | NONE | $265K | — |
Investments
4 direct securities · 4 pooled funds· $657.4M(100% 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
$447.8M
3 holdings
Uncategorized
$209.6M
4 holdings
Pooled Separate Account
$0
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| GS COLLECTIVE TRUST LONG DURATON CR GOLDMAN SACHS TRUST COMPANY, N.A. · EIN 13-4166989 / PN 026 | Common Collective Trust | — | $241.7M | $256.7M | 53.2% | |
| GOLDMAN SACHS* Goldman Sachs Collective Trust Intermediate Duration Credit Fund | — | — | $163.5M | $174.7M | 36.2% | |
| GS COLLEC TRUST INTERMEDAT DURATION GOLDMAN SACHS TRUST COMPANY, N.A. · EIN 13-4166989 / PN 034 | Common Collective Trust | — | — | $174.7M | 36.2% | |
| EB TEMPORARY INVESTMENT FUND THE BANK OF NEW YORK MELLON · EIN 25-6078093 / PN 023 | Common Collective Trust | — | $16.4M | $16.4M | 3.4% | |
| INTEREST-BEARING CASH INTEREST-BEARING CASH Interest-bearing cash at broker | — | — | $16.1M | $16.1M | 3.3% | |
| U.S. GOVERNMENT U.S. Treasury Bond principle strip, due 8/15/2047 | — | — | $15.1M | $11.9M | 2.5% | |
| U.S. GOVERNMENT SECURITIES U.S. GOVERNMENT U.S. Treasury Bond principle strip, due 5/15/2047 | — | — | $8.6M | $6.9M | 1.4% | |
| LARGE CAP BLEND PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY · EIN 06-1050034 / PN 177 | Pooled Separate Account | — | — | $0 | <0.1% |
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