Defined Benefit (Pension) · DOL Form 5500 · 2024
Discover Financial Services Pension Plan
Data updated 2026-08-25
- $483M
- Total assets Above avg plan size
- 2,591
- Participants Above avg headcount
- 97th
- Percentile by assets National rank
- $186,344
- Avg per participant Above avg balance/head
Official DOL plan name: Discover Financial Services Pension Plan · Sponsored by Discover Financial Services · Illinois · Finance & Insurance
$483M in assets, 2,591 participants
Discover Financial Services's Discover Financial Services Pension Plan reported $483M in total assets and 2,591 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- #8,110 in Finance & Insurance (8,549 peers)
Coverage in Illinois
Discover Financial Services Pension Plan covers 2,591 participants in Illinois, 3.3x the typical Illinois plan (state average ~779 per filing). Assets: $483M.
- #8,110
- in Finance & Insurance (8,549 peers)
- -6.8%
- assets change YoY
- 4.8×
- vs typical plan assets (national mean)
The plan reported a net loss of $36M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Discover Financial Services Pension Plan's outsized position by total assets
Discover Financial Services Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$482,817,365 Top 3% higher than 97% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Discover Financial Services Pension Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Discover Financial Services Pension Plan lands in the large band (2,591 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Discover Financial Services Pension Plan reported net income fell from $21M in the plan year 2023 filing to -$36M in the plan year 2024 filing.
- Discover Financial Services Pension Plan end-of-year assets fell from $518M in the plan year 2023 filing to $483M in the plan year 2024 filing.
- Discover Financial Services Pension Plan reported participants fell from 2,739 in the plan year 2023 filing to 2,591 in the plan year 2024 filing.
DOL schedule card
Filing strip 362517428 · Discover Financial Services PY 2024 · Defined Benefit (Pension)
Discover Financial Services Pension Plan · $483M · 2,591 · 97th
- EBSA $483M
- EBSA 2,591
- EBSA 97th
- EBSA Defined Benefit (Pension)
- EBSA near Employees Retirement Plan of Hajoca Corporation
- EBSA ind #8110
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 Illinois →
Discover Financial Services Pension Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $518M |
|---|---|
| Net Assets (End of Year) | $482M |
| Net Income | -$36M |
| Employer EIN | 362517428 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Discover Financial Services)
Sponsor-wide plan assets over time
All Discover Financial Services plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.7B 35.14873585710934% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 18,939 | $2.7B |
| 2023 | 2 | 22,274 | $3.3B |
| 2024 | 2 | 22,935 | $3.7B |
Nearby Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
- State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
- GE Healthcare Pension Plan $13.7B · 5,554
- Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984
Discover Financial Services Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Illinois, the nearest Defined Benefit (Pension) by assets is Employees Retirement Plan of Hajoca Corporation in PA ($483M); by covered participants it is Local 91 Pension Fund in NY (2,588 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($483M here).
- Employees Retirement Plan of Hajoca Corporation (PA) $483M · 5,106
- Albemarle Corporation Represented Pension Plan (NC) $482M · 158
- Associated Banc-Corp Retirement Account Plan (WI) $482M · 3,607
- Huntsman Defined Benefit Pension Plan (TX) $484M · 484
Similar participant headcount
Nearest other-state filings by covered participants (2,591 participants); asset peers above are excluded.
- Local 91 Pension Fund (NY) 2,588 · 3 off
- Danaher Corporation & Subsidiaries Pension Plan (DC) 2,599 · 8 off
- Minor League Players Pension Plan (NY) 2,602 · 11 off
- The Keyspan Retirement Plan (NY) 2,580 · 11 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.