401(k) · DOL Form 5500 · 2022
U.S. Bancorp 401(k) Plan
Data updated 2026-08-25
- $8.3B
- Total assets Very large vs avg
- 67,646
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $122,201
- Avg per participant Near avg balance/head
Official DOL plan name: U.S. Bank 401(k) Savings Plan · Sponsored by U.S. Bancorp · Minnesota · Finance & Insurance
$8.3B in assets, 67,646 participants
U.S. Bancorp's U.S. Bank 401(k) Savings Plan reported $8.3B in total assets and 67,646 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.
- #9,242 in Finance & Insurance (9,261 peers)
Coverage in Minnesota
U.S. Bank 401(k) Savings Plan covers 67,646 participants in Minnesota, 60x the typical Minnesota plan (state average ~1,126 per filing). Assets: $8.3B.
- #9,242
- in Finance & Insurance (9,261 peers)
- -16.3%
- assets change YoY
- 83×
- vs typical plan assets (national mean)
The plan reported a net loss of $1.6B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
U.S. Bank 401(k) Savings Plan's outsized position by total assets
U.S. Bank 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$8,266,408,521 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 401(k) Savings 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 401(k) Savings Plan is a mega filing (67,646 participants), the rightmost band on the breakdown.
Plan-year Form 5500 strip
Filing strip 410255900 · U.S. Bancorp PY 2022 · 401(k)
U.S. Bank 401(k) Savings Plan · $8.3B · 67,646 · 100th
- SCH $8.3B
- SCH 67,646
- SCH 100th
- SCH 401(k)
- SCH near Marriott Retirement Savings Plan
- SCH ind #9242
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 401(k) Savings Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $9.9B |
|---|---|
| Net Assets (End of Year) | $8.3B |
| Net Income | -$1.6B |
| Employer EIN | 410255900 |
| Plan Effective Date | 1957-01-01 |
| 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 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- The Travelers 401(k) Savings Plan $8.0B · 27,710
Scale composition for U.S. Bank 401(k) Savings Plan
U.S. Bank 401(k) Savings Plan reports $8.3B in end-of-year assets across 67,646 participants (0.067% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.072% of 93,925,755 covered participants) - about $122,201 per participant (88% of the national average assets-per-participant) . Net income for plan year 2022 was -$1.6B.
This plan identity (EIN 410255900, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $8.3B to $11.4B (+38.4%) while covered participants moved from 67,646 to 73,109 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 67,646 | $8.3B | This page |
| 2023 | 75,272 | $10.3B | Open filing |
| 2024 · index core | 73,109 | $11.4B | 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 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Marriott Retirement Savings Plan in MD ($8.3B); by covered participants it is Accenture United States 401(k) Match and Savings Plan in IL (66,653 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8.3B here).
- Marriott Retirement Savings Plan (MD) $8.3B · 82,576
- Bae Systems Employees' Savings and Investment Plan (VA) $8.2B · 31,556
- The Sherwin-Williams Company 401(k) Plan (OH) $8.3B · 44,890
- Nokia Savings/401(k) Plan (NJ) $8.2B · 7,340
Similar participant headcount
Nearest other-state filings by covered participants (67,646 participants); asset peers above are excluded.
- Accenture United States 401(k) Match and Savings Plan (IL) 66,653 · 993 off
- Cigna 401(k) Plan (PA) 66,147 · 1,499 off
- Aramark Hourly 401(k) Plan (PA) 65,811 · 1,835 off
- Nordstrom 401(k) Plan (WA) 69,744 · 2,098 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.