401(k) · DOL Form 5500 · 2024
U.S. Bancorp 401(k) Plan
Data updated 2026-08-25
- $11.4B
- Total assets Mega-plan scale
- 73,109
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $156,507
- Avg per participant Above avg balance/head
Official DOL plan name: U.S. Bank 401(k) Savings Plan · Sponsored by U.S. Bancorp · Minnesota · Finance & Insurance
$11.4B in assets, 73,109 participants
U.S. Bancorp's U.S. Bank 401(k) Savings Plan reported $11.4B in total assets and 73,109 participants in its 2024 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.
- #8,534 in Finance & Insurance (8,549 peers)
Coverage in Minnesota
U.S. Bank 401(k) Savings Plan covers 73,109 participants in Minnesota, 65x the typical Minnesota plan (state average ~1,126 per filing). Assets: $11.4B.
- #8,534
- in Finance & Insurance (8,549 peers)
- +11.4%
- assets growth YoY
- 115×
- vs typical plan assets (national mean)
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 2024 · DOL Form 5500
$11,442,089,862 Highest reported value at or above every one 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
U.S. Bank 401(k) Savings Plan's mega-plan peer group by participant headcount
Plan-year 2024 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 (73,109 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- U.S. Bank 401(k) Savings Plan reported net income fell from $2.0B in the plan year 2023 filing to $1.2B in the plan year 2024 filing.
- U.S. Bank 401(k) Savings Plan end-of-year assets rose from $10.3B in the plan year 2023 filing to $11.4B in the plan year 2024 filing.
- U.S. Bank 401(k) Savings Plan reported participants fell from 75,272 in the plan year 2023 filing to 73,109 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 410255900 · U.S. Bancorp PY 2024 · 401(k)
U.S. Bank 401(k) Savings Plan · $11.4B · 73,109 · 100th
- RANK $11.4B
- RANK 73,109
- RANK 100th
- RANK 401(k)
- RANK near Shell Provident Fund
- RANK ind #8534
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) | $10.3B |
|---|---|
| Net Assets (End of Year) | $11.4B |
| Net Income | $1.2B |
| 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.
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $10.6B · 32,964
Scale composition for U.S. Bank 401(k) Savings Plan
U.S. Bank 401(k) Savings Plan reports $11.4B in end-of-year assets across 73,109 participants (0.093% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.078% of 93,925,755 covered participants) - about $156,507 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2024 was $1.2B.
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 | Open filing |
| 2023 | 75,272 | $10.3B | Open filing |
| 2024 · index core | 73,109 | $11.4B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- 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 Shell Provident Fund in TX ($11.5B); by covered participants it is Elevance Health 401(k) Plan in IN (73,120 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($11.4B here).
- Shell Provident Fund (TX) $11.5B · 12,718
- Liberty Mutual 401(k) Plan (MA) $11.4B · 34,618
- The Progressive 401(k) Plan (OH) $11.5B · 62,521
- Bristol-Myers Squibb Savings and Investment Program (NJ) $11.6B · 21,763
Similar participant headcount
Nearest other-state filings by covered participants (73,109 participants); asset peers above are excluded.
- Elevance Health 401(k) Plan (IN) 73,120 · 11 off
- Enterprise Holdings Retirement Savings Plan (MO) 72,024 · 1,085 off
- Coadvantage Corporation Retirement Savings Plan (FL) 75,664 · 2,555 off
- Randstad North America 401(k) Plan (GA) 75,859 · 2,750 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.