Providers › Trustee and custodial
Service provider · Schedule C, plan year 2024
US Bank
Most often reported for trustee and custodial
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
US Bank is named as a service provider on the Schedule C of 29 retirement plans with 100 or more participants for plan year 2024, covering 201,769 participant records. Most often it is reported for trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $1.4M. Per plan, the median was $34.92 per participant, with the middle half of plans between $23.02 and $51.14. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in Minnesota (6), Washington (4) and Ohio (3).
In 2009 it appeared on 65 such filings; in 2024, 29 (down 55%). Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $23.02 | $34.92 | $51.14 |
| Compensation as a share of plan net assets | 0.02% | 0.04% | 0.06% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| U.S. Bank 401(k) Savings Plan | U.S. Bancorp | MN | 90,116 | $11.4B | $62K |
| U.S. Bank Pension Plan | U.S. Bancorp | MN | 73,390 | $4.38B | $46K |
| Retirement Plan for Employees of Puget Sound Energy, Inc. | Puget Sound Energy, Inc. | WA | 5,133 | $777M | $143K |
| Keystone Employees' Retirement Plan | Keystone Consolidated Industries | IL | 3,438 | $369M | $85K |
| Urs Federal Services, Inc. Employees Retirement Plan | Amentum Nuclear & Environment Holdings, Inc. | VA | 3,394 | $244M | $41K |
| DTTS Pension Plan | Deloitte Touche Tohmatsu Services, LLC | NY | 2,808 | $248M | $91K |
| Oregon & Southwest Washington Painters Pension Plan | Oregon & Southwest Washington Painters Pension Plan, Trustees | OR | 2,674 | $193M | $46K |
| Meriter Health Services Employee Retirement Plan | Meriter Health Services, Inc. | WI | 2,555 | $192M | $131K |
| Donaldson Company, Inc. Salaried Employees Pension Plan | Donaldson Company, Inc. | MN | 2,170 | $174M | $82K |
| National Basketball Association Players' Pension Plan | Board of Trustees of Nba Players' Pension Plan | IN | 2,149 | $715M | $112K |
| Mgic Pension Plan | Mgic Investment Corporation | WI | 1,630 | $400M | $96K |
| Clearwater Paper Hourly Retirement Plan | Clearwater Paper Corporation | WA | 1,504 | $103M | $47K |
| Donaldson Company, Inc. Hourly Employees Pension Plan | Donaldson Company, Inc. | MN | 1,410 | $96.6M | $56K |
| Canadian Pacific Pension Plan for U.S. Management Employees | Soo Line Railroad Company | MN | 1,374 | $121M | $73K |
| Clearwater Paper Salaried Retirement Plan | Clearwater Paper Corporation | WA | 1,079 | $111M | $42K |
| Taylor Publishing Company Pension Plan for Hourly Paid Employees | Taylor Publishing Company | TX | 980 | $16.5M | $16K |
| Retirement Plan for National Office and Field Staff Employees of the March of Dimes Foundation | March of Dimes Inc. | VA | 850 | $92.8M | $30K |
| Siltronic Corporation Pension Plan | Siltronic Corporation | OR | 704 | $105M | $36K |
| Woodward HRT Pension Plan | Woodward, Inc. | CO | 692 | $150M | $3,656 |
| Hillside Family of Agencies Pension Plan | Hillside Children's Center | NY | 643 | $24.1M | $18K |
| Children's Minnesota RSVP Plan II | Childrens Hospitals and Clinics of Minnesota | MN | 606 | $23.3M | $14K |
| Local 202 Sheet Metal Workers Pension Fund | Trustees of the Local 202 Sheet Metal Workers Pension Fund | MO | 573 | $18.7M | $17K |
| Frisch's Restaurants, Inc. Pension Plan | FRM Holding Company LLC | OH | 399 | $9.6M | $16K |
| Staff Retirement Plan of the Washington Education Association | Washington Education Association | WA | 350 | $191M | $50K |
| Foremost Farms USA Hourly Employees Pension Plan | Foremost Farms USA Cooperative | WI | 298 | $45.8M | $17K |
| Woodward FST Employees' Pension Plan | Woodward, Inc. | CO | 292 | $18.7M | $1,075 |
| National Cargo Bureau, Inc. Pension Plan | National Cargo Bureau, Inc. | NY | 243 | $119M | $9,409 |
| Morris Bean & Company Ret Plan for Hourly Bargaining Unit Employees | Morris Bean & Company | OH | 165 | $3.4M | $9,629 |
| Plasterers Local 1 Pension Plan | Plasterers Local 1 Pension Plan | OH | 150 | $13.9M | $19K |
Questions and answers
How many plans does US Bank serve?
29 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay US Bank?
The median plan reported $34.92 per participant in direct and indirect compensation (29 plans reporting an amount), or 0.04% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Trustee (bank, trust company, or similar financial institution) (21 plans), Trustee (directed) (5 plans), Custodial (securities) (4 plans) and Investment advisory (plan) (3 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.