2023 Form 5500 filing — Discover Financial Services 401k Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241007121914NAL0007562067001) for Discover Financial Services 401k Plan, reported by Discover Financial Services under EIN 36-2517428 and plan number 003. It reports 27,201 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007121914NAL0007562067001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Discover Financial Services
- EIN
- 36-2517428
- Plan number
- 003
- Location
- Riverwoods, IL
- Participants
- 27,201
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,759,344,377
- Total liabilities (EOY)
- $8,973,522
- Net assets (EOY)
- $2,750,370,855
- Employer contributions
- $124,533,007
- Participant contributions
- $130,927,018
- Total income / additions
- $674,181,335
- Benefits paid
- $149,857,851
- Administrative expenses
- $2,283,101
- Total expenses
- $152,045,721
- Net increase / (decrease)
- $522,135,614
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| State Street Global Advisors | NONE | $2,691,228 | $0 |
| Jp Morgan Funds Services | NONE | $55,542 | not reported in the loaded dataset |
| Loomis, Sayles & Company | NONE | $35,820 | $0 |
| Alight Solutions LLC | NONE | $0 | $25,000 |
| Invesco Stable Val | NONE | $6,973 | not reported in the loaded dataset |
| Dodge And Cox | NONE | $514 | $0 |
| Dimensional Funds Advisors Lp | NONE | $423 | $0 |
| Pimco | NONE | $197 | $0 |
| Sei Trust Company - Rothschlid | NONE | $7 | $0 |