Defined Benefit (Pension) · DOL Form 5500 · 2023

U.S. Bancorp Pension Plan

Data updated 2026-08-25

$3.0B
Total assets Very large vs avg
1,727
Participants Near avg headcount
100th
Percentile by assets National rank
$1.7M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#8,781
in Finance & Insurance (8,869 peers)
+2.3%
assets growth YoY
30×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$2,991,489,800 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

U.S. Bank Legacy Pension Plan's large-plan peer group by participant headcount

Plan-year 2023 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 (1,727 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410255900 · U.S. Bancorp PY 2023 · Defined Benefit (Pension)

U.S. Bank Legacy Pension Plan · $3.0B · 1,727 · 100th

  • SCH $3.0B
  • SCH 1,727
  • SCH 100th
  • SCH Defined Benefit (Pension)
  • SCH near The Retirement Plan for Graham Holdings Company
  • SCH ind #8781

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

The Retirement Plan for Graham Holdings CompanyThe Retirement Plan for Grah…$3.0BU.S. Bank Legacy Pension Plan$3.0BErnst & Young Partnership Defined Benefit Retirement PlanErnst & Young Partnership De…$3.0BUfcw No. Califiornia Employers Joint Pension PlanUfcw No. Califiornia Employe…$2.9BGlaxosmithkline Cash Balance Pension PlanGlaxosmithkline Cash Balance…$2.9B
End-of-year total assets ($B) among U.S. Bank Legacy Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$2.9B
Net Assets (End of Year)$3.0B
Net Income$68M
Employer EIN410255900
Plan Effective Date2020-01-01
Filing StatusFILING 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
$14B$16B$18B$20B 202220232024 $14.9B $19.3B ▲ +29.3%
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 Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants U.S. Bank Legacy Pension Plan, Total assets ($B): 2.9914898 · Participants: 1727U.S. Bank Legacy Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
U.S. Bank Legacy Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare U.S. Bank Legacy Pension Plan side-by-side with 3 peers →

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 The Retirement Plan for Graham Holdings Company in VA ($3.0B); by covered participants it is Marin General Hospital Retirement Plan in CA (1,728 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,727 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did U.S. Bank Legacy Pension Plan assets move in 2023? ▼
U.S. Bank Legacy Pension Plan edged up modestly - up 2.3% during 2023, from $2.9B to $3.0B. Reported net income was $68M.
How have U.S. Bancorp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), U.S. Bancorp's sponsor-wide assets grew 29.3%, from $14.9B to $19.3B.
Where does U.S. Bank Legacy Pension Plan rank by assets among Form 5500 filers? ▼
U.S. Bank Legacy Pension Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to U.S. Bank Legacy Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Retirement Plan for Graham Holdings Company in VA ($3.0B, 5,213 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to U.S. Bank Legacy Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Marin General Hospital Retirement Plan in CA (1,728 participants, $145M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410255900.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.