Overview
Plan Description
U.S. Bank 401k Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 76. This plan is in the top 15% of plans for Total Plan Cost. U.S. Bank 401k Savings Plan currently has over 93,800 active participants and over $7.6B in plan assets.
Did you know?
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (76) and the top rated plan (91) could equate to:
11
Additional years of work
91,483
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 4000 West Broadway Avenue
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 4000 West Broadway Avenue
-
LocationRobbinsdale , MN55422
-
IndustryCommercial Banking
-
Net Plan Assets$7,580,000,000
-
Total Participants94,000
-
Avg Account Balance$88,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Lowest Fees
Company Generosity:
Above Average
Performance
Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Above Average
Design
Total Plan Cost:
Low Fees
Company Generosity:
Below Avg.
Performance
Participation Rate:
Average
Salary Deferrals:
Average
Account Balance:
Average
Peer Group Plans
Company | Rating |
---|---|
Edward D. Jones & Co., L.P. | 83.1 |
The Bank of New York Mellon | 82.8 |
Liberty Mutual Group | 82.7 |
United Services Automobile Association | 82.5 |
ATH Holding Company, LLC | 76.8 |
The PNC Financial Services Group | 74.8 |
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
exclusives
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
February 19, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Data & Research
Many Near-Retirees Don't Understand Social Security Benefits
More than one-third failed a basic Social Security quiz administered by MassMutual.
April 7, 2021
Compliance
The Most Common Retirement Plan Testing Mistakes
By alerting plan sponsors to the issues they see most often, advisers can help their clients navigate IRS testing rules.
April 12, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
---|---|---|
Vanguard Group Target Retirement | 40% |
N/A
|
Vanguard Institutional 500 Index | 19% |
N/A
|
Total Common Stocks | 14% |
N/A
|
|
100%
|
|
|
100%
|
|
|
100%
|
|
|
100%
|
View all funds in this plan
Providers
Plan Service Providers
SERVICE | PROVIDER |
---|---|
Insurance Carrier
|
Various
|
Recordkeeper
|
Alight Financial Solutions, LLC
|
Investment Adviser
|
Alight Financial Advisors, LLC
|
Investment Adviser
|
Galliard Capital Management
|
Corporate Trustee
|
US Bancorp Investments, Inc.
|
Investment Adviser
|
Towers Watson
|
Legal Counsel
|
Morgan, Lewis & Bockius, LLP
|
Auditor
|
Ernst & Young
|
Articles and Questions

Boeing Fee Settlement Highlights the High Bar for Large Plans
Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves
Why Do Investment Expenses Matter?
Ryan Alfred
Popular Questions
See more questions-
Should I purchase an Annuity for my retirement?5 answers5answers
-
Am I saving enough for retirement?8 answers8answers
-
What is a spousal IRA?5 answers5answers
-
As a young professional starting a new career, what would you recommend a Roth IRA or IRA?10 answers10answers
-
I am retiring soon and I am nervous about having a lot of my retirement dollars in the stock market. What are the annuity products I have been reading about that guarantee retirement income for me?8 answers8answers
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question
