Defined Benefit (Pension) · DOL Form 5500 · 2023
U.S. Bancorp Pension Plan
Data updated 2026-08-11
- $3.0B
- Total assets
- 1,727
- Participants
- 100th
- Percentile by assets
- $1.7M
- Avg per participant
Official DOL plan name: U.S. Bank Legacy Pension Plan · Sponsored by U.S. Bancorp · Minnesota · Finance & Insurance
$3.0B in assets, 1,727 participants
U.S. Bancorp's U.S. Bank Legacy Pension Plan reported $3.0B in total assets and 1,727 participants in its 2023 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.
- 100th percentile by assets (of 127,072 plans)
- #8,781 in Finance & Insurance (8,869 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, $3.0B for 1,727 participants (~$1.7M/participant), up 2.3% in 2023.
- $3.0B
- total plan assets (2023 EOY)
- 1,727
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $1.7M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- U.S. Bank Legacy Pension Plan reported net income rose from -$735M in the plan year 2022 filing to $68M in the plan year 2023 filing.
- U.S. Bank Legacy Pension Plan reported participants rose from 1,398 in the plan year 2022 filing to 1,727 in the plan year 2023 filing.
- U.S. Bank Legacy Pension Plan end-of-year assets rose from $2.9B in the plan year 2022 filing to $3.0B in the plan year 2023 filing.
U.S. Bank Legacy Pension Plan vs the 2023 asset distribution
By assets, U.S. Bank Legacy Pension Plan outranks nearly all the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 30x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $2.9B |
|---|---|
| Net Assets (End of Year) | $3.0B |
| Net Income | $68M |
| Employer EIN | 410255900 |
| Plan Effective Date | 2020-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (U.S. Bancorp)
| 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.
U.S. Bank Legacy Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
- 3M Employee Retirement Income Plan $14.3B · 10,638
- Mayo Pension Plan $11.0B · 69,155
- The Travelers Pension Plan $4.2B · 24,884
- General Mills Pension Plan I $4.0B · 383
- U.S. Bank Pension Plan $4.0B · 56,287
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to U.S. Bank Legacy Pension Plan by total assets, not by location.
- The Retirement Plan for Graham Holdings Company (VA) $3.0B · 5,213
- Ernst & Young Partnership Defined Benefit Retirement Plan (NJ) $3.0B · 3,810
- Ufcw No. Califiornia Employers Joint Pension Plan (CA) $2.9B · 46,714
- Glaxosmithkline Cash Balance Pension Plan (PA) $2.9B · 8,441
Frequently Asked Questions
How did U.S. Bank Legacy Pension Plan assets move in 2023? ▼
How have U.S. Bancorp plan assets changed over time? ▼
Where does U.S. Bank Legacy Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to U.S. Bank Legacy Pension Plan? ▼
Next read for U.S. Bank Legacy Pension Plan
Scale reading
Ways to act on U.S. Bank Legacy Pension Plan's numbers.
- By total assets, U.S. Bank Legacy Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
- U.S. Bancorp's sponsor-wide assets have grown 29.3% since 2022 across 3 plan years on file. More Finance & Insurance plans