Defined Benefit (Pension) · DOL Form 5500 · 2024

U.S. Bancorp Pension Plan

Data updated 2026-08-25

$4.4B
Total assets Very large vs avg
62,822
Participants Very large workforce
100th
Percentile by assets National rank
$69,757
Avg per participant Below avg balance/head
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Official DOL plan name: U.S. Bank Pension Plan · Sponsored by U.S. Bancorp · Minnesota · Finance & Insurance

$4.4B in assets, 62,822 participants

U.S. Bancorp's U.S. Bank Pension Plan reported $4.4B in total assets and 62,822 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.

  • #8,487 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

U.S. Bank Pension Plan covers 62,822 participants in Minnesota, 56x the typical Minnesota plan (state average ~1,126 per filing). Assets: $4.4B.

#8,487
in Finance & Insurance (8,549 peers)
+10.4%
assets growth YoY
44×
vs typical plan assets (national mean)

U.S. Bank Pension Plan's outsized position by total assets

U.S. Bank Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$4,382,250,880 Highest reported value at or above every one of 123,620 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 2024

U.S. Bank Pension 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 Pension Plan is a mega filing (62,822 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • U.S. Bank Pension Plan reported net income fell from $230M in the plan year 2023 filing to $136M in the plan year 2024 filing.
  • U.S. Bank Pension Plan reported participants rose from 56,287 in the plan year 2023 filing to 62,822 in the plan year 2024 filing.
  • U.S. Bank Pension Plan end-of-year assets rose from $4.0B in the plan year 2023 filing to $4.4B in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 410255900 · U.S. Bancorp PY 2024 · Defined Benefit (Pension)

U.S. Bank Pension Plan · $4.4B · 62,822 · 100th

  • RANK $4.4B
  • PHOTO 62,822
  • IND 100th
  • EOY Defined Benefit (Pension)
  • 5500 near Lumen Combined Pension Plan
  • ASSETS ind #8487

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 Pension Plan in the asset neighbourhood

Northwest Airlines Pension Plan for Pilot EmployeesNorthwest Airlines Pension P…$4.5BU.S. Bank Pension Plan$4.4BLumen Combined Pension Plan$4.3BThe Retirement Benefit Plan of American Airlines, Inc. for Employees Represented by the Transport Workers Union of America, AFL-CIOThe Retirement Benefit Plan …$4.3BUnited States Steel Corporation Plan for Employee Pension Benefits (Revision of 2003)United States Steel Corporat…$4.3B
End-of-year total assets ($B) among U.S. Bank Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$4.0B
Net Assets (End of Year)$4.4B
Net Income$136M
Employer EIN410255900
Plan Effective Date1944-12-15
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 Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 2468101214 Total assets ($B) Participants U.S. Bank Pension Plan, Total assets ($B): 4.38225088 · Participants: 62822U.S. Bank Pension PlanMayo Pension Plan, Total assets ($B): 11.816211651 · Participants: 71743Mayo Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 8.87866493 · Participants: 91323M Employee Retirement Income PlanWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.278776602 · Participants: 46875Wells Fargo & Company Cash Balance PlanThe Travelers Pension Plan, Total assets ($B): 4.23694343 · Participants: 27237The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.7072478 · Participants: 2007General Mills Pension Plan I
U.S. Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare U.S. Bank Pension Plan side-by-side with 3 peers →

Scale composition for U.S. Bank Pension Plan

U.S. Bank Pension Plan reports $4.4B in end-of-year assets across 62,822 participants (0.036% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.067% of 93,925,755 covered participants) - about $69,757 per participant (50% of the national average assets-per-participant) . Net income for plan year 2024 was $136M.

This plan identity (EIN 410255900, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.7B to $4.4B (+17.2%) while covered participants moved from 55,836 to 62,822 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 55,836 $3.7B Open filing
2023 56,287 $4.0B Open filing
2024 · index core 62,822 $4.4B This page

The same sponsor also keeps 2 other index-core plans on PlainRetire:

U.S. Bank Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Lumen Combined Pension Plan in LA ($4.3B); by covered participants it is Motion Picture Industry Pension Plan in CA (62,656 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (62,822 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did U.S. Bank Pension Plan assets move in 2024? ▼
U.S. Bank Pension Plan grew at a solid clip - up 10.4% during 2024, from $4.0B to $4.4B. Reported net income was $136M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
U.S. Bank Pension Plan ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to U.S. Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Lumen Combined Pension Plan in LA ($4.3B, 10,043 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to U.S. Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Motion Picture Industry Pension Plan in CA (62,656 participants, $5.9B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.