U.S. Bancorp changed its 401(k) match formula, effective January 1, 2025
U.S. Bancorp changed its 401(k) match formula, effective January 1, 2025. The matching formula changed and the plan began operating as a non safe harbor plan. The filing does not state the prior formula; the current formula is 100% of contributions up to 4% of pay, deposited annually.
| Company | U.S. Bancorp |
|---|---|
| Plan | U.S. Bank 401(k) Savings Plan |
| Effective date | January 1, 2025 |
| Direction | Structure change |
| Source filing | Form 11-K, filed June 22, 2026, accession 0000036104-26-000032 |
Source: Form 11-K filed June 22, 2026, accession 0000036104-26-000032 · SEC ↗
What the filing says, word for word
This filing states the change across several passages rather than in one sentence, so no quote is shown. The change is recorded from the filing itself, which is linked above, and nothing here is taken from press coverage.
Where this change comes from
401(k) Monitor reads the employer match, vesting, eligibility and automatic enrollment terms out of each plan’s SEC Form 11-K annual report. A change is recorded only when the filing states it, with the effective date the filing gives.
- U.S. Bancorp 401(k) match, vesting and plan facts
The full record for this employer, including the formula in force now.
- Read the Form 11-K on SEC EDGAR ↗
The filing that discloses this change, accession 0000036104-26-000032.
- All 401(k) match changes we have found
The tracker this record belongs to, newest change first.
Other tracked changes
- Thermo Fisher Scientific cut the 401(k) match for new participants, effective April 1, 2026
- Sherwin-Williams reinstated its 401(k) match, effective February 1, 2026
- Cigna changed the rules of its 401(k) match, effective January 1, 2026
- Humana cut its 401(k) match, effective January 1, 2026
- PepsiCo widened 401(k) match eligibility, effective January 1, 2026
401(k) Monitor, “U.S. Bancorp changed its 401(k) match formula, effective January 1, 2025”, from SEC Form 11-K accession 0000036104-26-000032 filed June 22, 2026. https://401kmonitor.com/stats/401k-match-changes/u-s-bancorp-2025-01-01/