Defined Benefit (Pension) · DOL Form 5500 · 2022
U.S. Bancorp Pension Plan
Data updated 2026-08-25
- $2.9B
- Total assets Very large vs avg
- 1,398
- Participants Near avg headcount
- 100th
- Percentile by assets National rank
- $2.1M
- Avg per participant High balance/head
Official DOL plan name: U.S. Bank Legacy Pension Plan · Sponsored by U.S. Bancorp · Minnesota · Finance & Insurance
$2.9B in assets, 1,398 participants
U.S. Bancorp's U.S. Bank Legacy Pension Plan reported $2.9B in total assets and 1,398 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #9,181 in Finance & Insurance (9,261 peers)
Where U.S. Bank Legacy Pension Plan sits by assets
U.S. Bank Legacy Pension Plan sits among the largest 1% of all filed plans, $2.9B for 1,398 participants (~$2.1M/participant), down 20.1% in 2022.
- #9,181
- in Finance & Insurance (9,261 peers)
- -20.1%
- assets change YoY
- 29×
- vs typical plan assets (national mean)
The plan reported a net loss of $735M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
U.S. Bank Legacy Pension Plan's outsized position by total assets
U.S. Bank Legacy Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,923,297,758 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
U.S. Bank Legacy Pension Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. U.S. Bank Legacy Pension Plan lands in the large band (1,398 participants).
Form 5500 schedule snapshot
Filing strip 410255900 · U.S. Bancorp PY 2022 · Defined Benefit (Pension)
U.S. Bank Legacy Pension Plan · $2.9B · 1,398 · 100th
- 5500 $2.9B
- ASSETS 1,398
- PCT 100th
- EIN Defined Benefit (Pension)
- RANK near General Dynamics Retirement Plan (Government)
- PHOTO ind #9181
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Minnesota →
U.S. Bank Legacy Pension Plan in the asset neighbourhood
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $3.7B |
|---|---|
| Net Assets (End of Year) | $2.9B |
| Net Income | -$735M |
| Employer EIN | 410255900 |
| Plan Effective Date | 2020-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (U.S. Bancorp)
Sponsor-wide plan assets over time
All U.S. Bancorp plans reported in each filing year
- Latest sponsor-wide plan assets
- $19.3B 29.291812626886752% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 124,880 | $14.9B |
| 2023 | 4 | 139,502 | $17.2B |
| 2024 | 3 | 140,881 | $19.3B |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 3M Employee Retirement Income Plan $14.0B · 12,160
- Mayo Pension Plan $10.3B · 66,434
- The Travelers Pension Plan $3.9B · 25,144
- U.S. Bank Pension Plan $3.7B · 55,836
- Target Corporation Pension Plan $3.3B · 50,515
U.S. Bank Legacy Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is General Dynamics Retirement Plan (Government) in VA ($2.9B); by covered participants it is Clarios Pension Plan Battery Division Hourly Employees in WI (1,398 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.9B here).
- General Dynamics Retirement Plan (Government) (VA) $2.9B · 3,517
- Cigna Pension Plan (PA) $2.9B · 9,677
- M&t Bank Corporation Pension Plan (NY) $2.9B · 3,795
- Verizon Management Pension Plan (NJ) $2.9B · 12,977
Similar participant headcount
Nearest other-state filings by covered participants (1,398 participants); asset peers above are excluded.
- Clarios Pension Plan Battery Division Hourly Employees (WI) 1,398 · 0 off
- Pipefitters Local 636 Defined Benefit Pension Fund (MI) 1,399 · 1 off
- Pixelle Specialty Solutions LLC Retirement Plan (PA) 1,395 · 3 off
- The Auto Club Group Cash Value Pension Plan (MI) 1,394 · 4 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.