Defined Benefit (Pension) · DOL Form 5500 · 2022
U.S. Bancorp Pension Plan
Data updated 2026-08-25
- $3.7B
- Total assets Very large vs avg
- 55,836
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $66,964
- Avg per participant Below avg balance/head
Official DOL plan name: U.S. Bank Pension Plan · Sponsored by U.S. Bancorp · Minnesota · Finance & Insurance
$3.7B in assets, 55,836 participants
U.S. Bancorp's U.S. Bank Pension Plan reported $3.7B in total assets and 55,836 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.
- #9,205 in Finance & Insurance (9,261 peers)
Coverage in Minnesota
U.S. Bank Pension Plan covers 55,836 participants in Minnesota, 50x the typical Minnesota plan (state average ~1,126 per filing). Assets: $3.7B.
- #9,205
- in Finance & Insurance (9,261 peers)
- -17.4%
- assets change YoY
- 38×
- vs typical plan assets (national mean)
The plan reported a net loss of $788M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
U.S. Bank Pension Plan's outsized position by total assets
U.S. Bank Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$3,739,013,960 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 Pension Plan's mega-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 Pension Plan is a mega filing (55,836 participants), the rightmost band on the breakdown.
DOL schedule card
Filing strip 410255900 · U.S. Bancorp PY 2022 · Defined Benefit (Pension)
U.S. Bank Pension Plan · $3.7B · 55,836 · 100th
- NET $3.7B
- BOOK 55,836
- VS-ST 100th
- BOY Defined Benefit (Pension)
- SCH near Llns Defined Benefit Pension Plan
- EBSA ind #9205
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 Pension Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $4.5B |
|---|---|
| Net Assets (End of Year) | $3.7B |
| Net Income | -$788M |
| Employer EIN | 410255900 |
| Plan Effective Date | 1944-12-15 |
| 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
- Target Corporation Pension Plan $3.3B · 50,515
- U.S. Bank Legacy Pension Plan $2.9B · 1,398
Scale composition for U.S. Bank Pension Plan
U.S. Bank Pension Plan reports $3.7B in end-of-year assets across 55,836 participants (0.030% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.059% of 93,925,755 covered participants) - about $66,964 per participant (48% of the national average assets-per-participant) . Net income for plan year 2022 was -$788M.
This plan identity (EIN 410255900, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.7B to $4.4B (+17.2%) while covered participants moved from 55,836 to 62,822 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 55,836 | $3.7B | This page |
| 2023 | 56,287 | $4.0B | Open filing |
| 2024 · index core | 62,822 | $4.4B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- U.S. Bank 401(k) Savings Plan (401(k), $11.4B, 73,109 participants)
- U.S. Bank Pension Plan (Defined Benefit (Pension), $4.4B, 62,822 participants)
- U.S. Bank Legacy Pension Plan (Defined Benefit (Pension), $3.5B, 4,950 participants)
U.S. Bank Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Llns Defined Benefit Pension Plan in CA ($3.7B); by covered participants it is Consolidated Cash Balance Program of Mass General Brigham and Member Organizations in MA (55,495 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.7B here).
- Llns Defined Benefit Pension Plan (CA) $3.7B · 1,653
- The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan (SC) $3.7B · 2,366
- Abbott - Abbvie Multiple Employer Pension Plan (IL) $3.7B · 258
- Dte Energy Company Retirement Plan (MI) $3.8B · 4,321
Similar participant headcount
Nearest other-state filings by covered participants (55,836 participants); asset peers above are excluded.
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations (MA) 55,495 · 341 off
- Southern California Ufcw Unions and Food Employers Joint Pension Trust Fund (CA) 56,802 · 966 off
- Retirement Security Plan (VA) 54,531 · 1,305 off
- Building Service 32bj Pension Fund (NY) 54,120 · 1,716 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.