Defined Benefit (Pension) · DOL Form 5500 · 2024
U.S. Bancorp Pension Plan
Data updated 2026-08-25
- $3.5B
- Total assets Very large vs avg
- 4,950
- Participants Above avg headcount
- 100th
- Percentile by assets National rank
- $702,479
- Avg per participant High balance/head
Official DOL plan name: U.S. Bank Legacy Pension Plan · Sponsored by U.S. Bancorp · Minnesota · Finance & Insurance
$3.5B in assets, 4,950 participants
U.S. Bancorp's U.S. Bank Legacy Pension Plan reported $3.5B in total assets and 4,950 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.
- #8,470 in Finance & Insurance (8,549 peers)
Coverage in Minnesota
U.S. Bank Legacy Pension Plan covers 4,950 participants in Minnesota, 4.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $3.5B.
- #8,470
- in Finance & Insurance (8,549 peers)
- +16.2%
- assets growth YoY
- 35×
- vs typical plan assets (national mean)
The plan reported a net loss of $73M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
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 2024 · DOL Form 5500
$3,477,272,257 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 Legacy 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. U.S. Bank Legacy Pension Plan lands in the large band (4,950 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- U.S. Bank Legacy Pension Plan reported net income fell from $68M in the plan year 2023 filing to -$73M in the plan year 2024 filing.
- U.S. Bank Legacy Pension Plan reported participants rose from 1,727 in the plan year 2023 filing to 4,950 in the plan year 2024 filing.
- U.S. Bank Legacy Pension Plan end-of-year assets rose from $3.0B in the plan year 2023 filing to $3.5B in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 410255900 · U.S. Bancorp PY 2024 · Defined Benefit (Pension)
U.S. Bank Legacy Pension Plan · $3.5B · 4,950 · 100th
- IND $3.5B
- IND 4,950
- IND 100th
- IND Defined Benefit (Pension)
- IND near Nationwide Retirement Plan - Final Average Pay
- IND ind #8470
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
Minnesota filing particulars
| Total Assets (Beginning of Year) | $3.0B |
|---|---|
| Net Assets (End of Year) | $3.5B |
| Net Income | -$73M |
| Employer EIN | 410255900 |
| Plan Effective Date | 2020-01-01 |
| 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 Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Mayo Pension Plan $11.8B · 71,743
- 3M Employee Retirement Income Plan $8.9B · 9,132
- Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
- U.S. Bank Pension Plan $4.4B · 62,822
- The Travelers Pension Plan $4.2B · 27,237
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 Nationwide Retirement Plan - Final Average Pay in OH ($3.5B); by covered participants it is Centerpoint Energy Retirement Plan in TX (4,963 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.5B here).
- Nationwide Retirement Plan - Final Average Pay (OH) $3.5B · 5,058
- Parker Defined Benefit Pension Plan (OH) $3.5B · 8,120
- Co-Op Retirement Plan (MO) $3.5B · 15,151
- California Ironworkers Field Pension Trust (CA) $3.5B · 9,792
Similar participant headcount
Nearest other-state filings by covered participants (4,950 participants); asset peers above are excluded.
- Centerpoint Energy Retirement Plan (TX) 4,963 · 13 off
- Trane Technologies Pension Plan Number One B (NC) 4,934 · 16 off
- The University of Chicago Pension Plan for Staff Employees (IL) 4,978 · 28 off
- Salt River Project Employees' Retirement Plan (AZ) 4,989 · 39 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.