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 358 retirement plans with 100 or more participants for plan year 2024, covering 1,642,050 participant records. Most often it is reported for trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $20.2M. Per plan, the median was $19.27 per participant, with the middle half of plans between $8.90 and $39.16. 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 California (86), New York (29) and Washington (27).
In 2009 it appeared on 103 such filings; in 2024, 373 (up 262%). 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 | $8.90 | $19.27 | $39.16 |
| Compensation as a share of plan net assets | 0.01% | 0.02% | 0.05% |
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 |
|---|---|---|---|---|---|
| Western States Carpenters Pension Plan | Joint Board of Trustees Western States Carpenters Pension Plan | CA | 139,574 | $11.3B | $391K |
| Sound Retirement Trust | Board of Trustees, Sound Retirement Trust | WA | 107,493 | $2.56B | $193K |
| Sound Variable Annuity Pension Trust | Board of Trustees, Sound Variable Annuity | WA | 102,120 | $140M | $11K |
| Laborers Annuity Plan for Northern California | Board of Trustees Laborers Pension Trust Fund for Nor Cal-Annuity | CA | 78,189 | $1.54B | $144K |
| Pace Industry Union-Management Pension Fund | Pace Industry Union-Management Pension Fund | TN | 60,684 | $2.82B | $136K |
| Oregon Retail Employees Pension Plan | Board of Trustees, Oregon Retail Employees Pension | OR | 56,361 | $1.06B | $130K |
| Laborers Pension Trust Fund for Northern California | Board of Trustees Laborers Pension Trust Fund for Northern California | CA | 44,826 | $5.45B | $493K |
| Construction Laborers Pension Trust Fund for Southern California | Board of Trustees,construction Laborers Pension Trust for Southern Cal | CA | 42,443 | $3.67B | $158K |
| Los Angeles Hotel-Restaurant Employer-Union Retirement Fund | Board of Trustees, Los Angeles Hotel-Restaurant | CA | 26,576 | $421M | $74K |
| UFCW Local 1262 & Employers Pension Fund | Trustees UFCW Local 1262 Pension Fund | NJ | 25,701 | $999M | $68K |
| Central Laborers Annuity Plan | Board of Trustees of Central Laborers Annuity Plan | IL | 24,935 | $355M | $13K |
| Eighth District Electrical Pension Fund Annuity Plan | Board of Trustees, Eighth District Electrical Pension | NV | 23,721 | $1.13B | $20K |
| Retail Food Employers & UFCW Local 711 Pension | Board of Trustees Retail Food Employers & UFCW Local 711 Pension | UT | 23,475 | $366M | $166K |
| Eighth District Electrical Pension Fund | Board of Trustees, Eighth District Electrical Pension | NV | 21,064 | $1.25B | $221K |
| Western Washington Laborers-Employers Pension Plan | Bot, Western Wa Laborers-Employers Pension Trust | WA | 19,989 | $1.47B | $100K |
| Central Laborers' Pension Fund | Board of Trustees of Central Laborers' Pension Fund | IL | 16,444 | $1.39B | $92K |
| United Food and Commercial Workers Unions and Employers Pension Plan | United Food and Commercial Workers Employers Pension Plan | WI | 15,576 | $481M | $240K |
| Southern California Pipe Trades Defined Contribution Plan | Southern California Pipe Trades Defined | CA | 14,179 | $404M | $620K |
| Western Conference of Teamsters Supp Benefit Plan | Board of Trustees, Western Conference of Teamsters | CA | 13,908 | $74.4M | $42K |
| Western Metal Industry Pension Plan | Board of Trustees, Western Metal Industry Pension Plan | WA | 13,512 | $1.05B | $91K |
| Twin City Hospital Workers Pension Plan | Board of Trustees of Twin City Hospital Workers Pension Plan | MN | 13,288 | $287M | $69K |
| Sheet Metal Workers Pension Plan of Northern California | Sheet Metal Workers Pension Trust | CA | 12,741 | $1.57B | $243K |
| Andersen Corporation Employee Stock Ownership Plan | Andersen Corporation | MN | 11,933 | $950M | $213K |
| Hormel Foods Corporation Pension Plan | Hormel Foods Corporation | MN | 11,782 | $1.04B | $255K |
| Cleveland-Cliffs Combined Pension Plan | Cleveland-Cliffs Steel Corporation | OH | 11,040 | $1.47B | $96K |
| Pacific Coast Roofers Pension Plan | Board of Trustees for Pacific Coast Roofers Pension Plan | CA | 10,634 | $700M | $132K |
| Wa State Plumbing and Pipefitting Industry Pension Plan | Bot, Wa State Plumbing and Pipefitting Industry Pension Plan | WA | 10,360 | $1.26B | $275K |
| New Jersey Health Care Employers- Pension Plan | District 1199J-NEW Jersey Health Care Employers- | NJ | 9,907 | $255M | $39K |
| Alaska Teamster-Employer Pension Trust | Alaska Teamster Employer Pension Trust | AK | 9,416 | $534M | $49K |
| Northwest Sheet Metal Workers Pension Plan | B of T, Northwest Sheet Metal Workers Pension Plan | OR | 9,374 | $1.69B | $149K |
| San Mateo Hotel Employees & Restaurant Employees Pension Fund | San Mateo Hotel Employees & Restaurant Employees Pension Fund | CA | 9,308 | $217M | $44K |
| Bay Area Painters & Tapers Pension Trust | Bay Area Painters & Tapers Pension Trust | CA | 9,085 | $699M | $203K |
| Iron Workers District Council of So Oh & Vicinity Annuity Trust | Iron Workers District Council of Southern Ohio & Vicinity | OH | 8,817 | $533M | $6,966 |
| Puget Sound Electrical Workers Pension Plan | Board of Trustees, Puget Sound Electrical Workers Pension Trust | WA | 8,704 | $1.31B | $79K |
| Iron Workers District Council of So Oh & Vicinity Pension Trust | Iron Workers District Council of Southern Ohio & Vicinity | OH | 8,620 | $1.16B | $58K |
| Edison Pension Plan | Board of Trustees, Edison Pension Trust | OR | 8,208 | $1000M | $120K |
| Ikon Office Solutions, Inc. Pension Plan | Ricoh USA, Inc. | PA | 7,890 | $385M | $68K |
| Hormel Foods Corporation Hourly Employees' Pension Plan | Hormel Foods Corporation | MN | 7,634 | $351M | $127K |
| Minor League Players Pension Plan | Office of the Commissioner of Baseball | NY | 7,578 | $20.7M | $34K |
| Unite Here! Workers and Hospitality Employers VDB Pension Trust | Board of Trustee Unite Here! Workers | MA | 7,443 | $169M | $30K |
Questions and answers
How many plans does US Bank serve?
358 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 $19.27 per participant in direct and indirect compensation (354 plans reporting an amount), or 0.02% 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 Custodial (securities) (163 plans), Trustee (bank, trust company, or similar financial institution) (161 plans), Investment management (34 plans) and Other services (26 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.