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Original filing (PDF)20251014102030NAL0002608113001
U.S. BANCORP
Form 5500
FILING_RECEIVED
U.S. BANK 401(K) SAVINGS PLAN
401(k) retirement plan
Signals · 3
25% in single holdingNo recordkeeper disclosed11 service providers
Active participants
67,658
Accounts w/ balance
87,776
Plan assets (EOY)
$11.4B
Net assets (EOY)
$11.4B
How this plan invests
This plan
20 pooled trusts
Schedule D
26 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
87
/ 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
87
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Collective investment funds Vanguard 11,168,802 units Institutional 500 Index Trust" is 25% of plan.
- 9 bps in Schedule C fees — 72% 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 U.S. BANCORP.
Plan sponsor
Name
U.S. BANCORP
EIN
41-0255900
Address
800 NICOLLET MALL BC-MN-4BEN · MINNEAPOLIS, MN · 55402
Phone
(800) 806-8009
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
004
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2J · 401(k) feature
2K · 401(m) arrangement
2O · ESOP (non-leveraged)
2S · Automatic enrollment
2T · Default investment account (QDIA)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
ERNST & YOUNG
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
11 rowsTrustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| U.S. BANK NATIONAL ASSOCIATION | 41-6271370 | — | TRUSTEE | $62K | — |
Other
10| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ALIGHT FINANCIAL ADVISORS, LLC | 82-1061233 | — | NONE | $5.9M | — |
| ALIGHT SOLUTIONS LLC | 82-1061233 | — | NONE | $2.4M | — |
| GALLIARD CAPITAL MANAGEMENT, LLC | 41-1813702 | — | NONE | $528K | — |
| PRUDENTIAL LIFE INSURANCE CO | 22-1211670 | — | NONE | $202K | — |
| AMERICAN GENERAL LIFE INSURANCE CO | 25-0598210 | — | NONE | $195K | — |
| METROPOLITAN TOWER LIFE INS. CO. | 13-3114906 | — | NONE | $186K | — |
| VOYA RETIREMENT INS AND ANNUITY CO | 41-0991508 | — | NONE | $180K | — |
| MORGAN LEWIS BOCKIUS LLP | 23-0891050 | — | NONE | $168K | — |
| ALIGHT FINANCIAL SOLUTIONS, LLC | 82-1061233 | — | NONE | $27K | — |
| PERSHING LLC | 13-2741729 | — | NONE | $0 | — |
Investments
8 direct securities · 20 pooled funds· $11.3B(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
$10.1B
20 holdings
Uncategorized
$1.1B
7 holdings
Mutual Funds
$603K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| INSTITUTIONAL 500 INDEX TRUST VANGUARD · EIN 81-6327546 / PN 001 | Common Collective Trust | — | — | $2.8B | 24.6% | |
| INSTITUTIONAL EXTENDED VANGUARD · EIN 81-6324211 / PN 001 | Common Collective Trust | — | — | $987.7M | 8.6% | |
| TARGET RETIREMENT 2035 TRUST VANGUARD · EIN 84-6568405 / PN 001 | Common Collective Trust | — | — | $765.9M | 6.7% | |
| Corporate stocks (1) 15,721,674 shares Common stock | — | — | $15.7M | $752.0M | 6.6% | |
| DEVELOPED MARKETS INDEX FUND VANGUARD · EIN 86-6632044 / PN 001 | Common Collective Trust | — | — | $746.1M | 6.5% | |
| TARGET RETIREMENT 2045 TRUST VANGUARD · EIN 84-6574391 / PN 001 | Common Collective Trust | — | — | $734.8M | 6.4% | |
| TARGET RETIREMENT 2030 TRUST VANGUARD · EIN 84-6565712 / PN 001 | Common Collective Trust | — | — | $722.6M | 6.3% | |
| TARGET RETIREMENT 2040 TRUST VANGUARD · EIN 84-6572691 / PN 001 | Common Collective Trust | — | — | $685.2M | 6.0% | |
| TARGET RETIREMENT 2050 TRUST VANGUARD · EIN 84-6579799 / PN 001 | Common Collective Trust | — | — | $552.3M | 4.8% | |
| TARGET RETIREMENT 2025 TRUST VANGUARD · EIN 84-6561512 / PN 001 | Common Collective Trust | — | — | $500.7M | 4.4% | |
| INSTITUTIONAL TOTAL BOND VANGUARD · EIN 81-6321044 / PN 001 | Common Collective Trust | — | — | $424.6M | 3.7% | |
| TARGET RETIREMENT 2055 TRUST VANGUARD · EIN 84-6587002 / PN 001 | Common Collective Trust | — | — | $306.0M | 2.7% | |
| FIXED INCOME FUND L WELLS FARGO BANK, N.A. · EIN 27-6635237 / PN 001 | Common Collective Trust | — | — | $262.1M | 2.3% | |
| Synthetic GICs Wells Fargo Bank, N.A. 12,105,118 units (2) | — | — | — | $201.3M | 1.8% | |
| FIXED INCOME FUND F WELLS FARGO BANK, N.A. · EIN 52-2252204 / PN 001 | Common Collective Trust | — | — | $201.3M | 1.8% | |
| TARGET RETIREMENT 2020 TRUST VANGUARD · EIN 84-6557902 / PN 001 | Common Collective Trust | — | — | $165.1M | 1.4% | |
| TARGET RETIREMENT 2060 TRUST VANGUARD · EIN 84-6588737 / PN 001 | Common Collective Trust | — | — | $143.2M | 1.3% | |
| Participant loans to 10% with varied maturities from January 5, 2024 to December 16, 2039 | — | — | — | $135.1M | 1.2% | |
| TARGET RETIREMENT INCOME TRUST VANGUARD · EIN 84-6551878 / PN 001 | Common Collective Trust | — | — | $53.6M | 0.5% | |
| TARGET RETIREMENT 2065 TRUST VANGUARD · EIN 84-6590672 / PN 001 | Common Collective Trust | — | — | $45.9M | 0.4% | |
| SHORT TERM INVESTMENT FUND II WELLS FARGO BANK, N.A. · EIN 41-6292499 / PN 001 | Common Collective Trust | — | — | $20.5M | 0.2% | |
| TARGET RETIREMENT DATE 2070 VANGUARD · EIN 87-7030296 / PN 001 | Common Collective Trust | — | — | $10.4M | <0.1% | |
| Prudential Life Insurance Company (2) | — | — | — | $7.3M | <0.1% | |
| Fixed Income Fund L American General Life Insurance Company (2) | — | — | — | $6.7M | <0.1% | |
| Metropolitan Tower Life Ins. Co. (2) | — | — | — | $6.5M | <0.1% | |
| Voya Retirement Insurance and Annuity Co (2) | — | — | — | $6.3M | <0.1% | |
| s (1) 602,584 shares Government Obligations Fund | Mutual Funds | — | — | $603K | <0.1% | |
| INTERNATIONAL EQUITY INDEX VANGUARD · EIN 86-6632044 / PN 001 | Common Collective Trust | — | — | $0 | <0.1% |
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