Discover Financial Services 401(k) and pension plans

Discover Financial Services, Riverwoods, IL. EIN 36-2517428. Annual reports 2009–2024.

Discover Financial Services has 2 active retirement plans on file. The largest is the Discover Financial Services 401K Plan, with 27,261 participants and $3.2 billion in assets in 2024. Alight has been its recordkeeper since 2011.

Active plans: 2
Participants: 39,150
Plan assets: $3.7 billion
401(k) recordkeeper: Alight
Plans on file: 2
Industry: Finance and insurance

All 2 plans

Active plans first

Discover Financial Services 401K Plan

401(k)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 003Employer EIN 36-2517428
Participants (2024): 27,261
Net assets (2024): $3.2 billion
Recordkeeper: Alight2011–2024
Plan administrator: Employee Benefits Committee of Discover Financial Services
2500 Lake Cook Road
Riverwoods, IL 60015
(224) 405-0900As filed for 2024
In effect since: July 1, 2007

Earlier plan names: Discover Financial Services 401(k) Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	27,261	$3.2 billion	Alight
2023	27,673	$2.8 billion	Alight
2022	27,209	$2.2 billion	Alight
2021	23,041	$2.5 billion	Alight
2020	23,046	$2.2 billion	Alight
2019	23,235	$1.9 billion	Alight
2018	31,647	$1.5 billion	Alight
2017	31,294	$1.5 billion	Alight
2016	29,429	$1.2 billion	Alight
2015	27,997	$1.1 billion	Alight
2014	25,104	$1.1 billion	Alight
2013	22,483	$961 million	Alight
2012	19,767	$710 million	Alight
2011	17,015	$544 million	Alight
2010	13,943	$489 million	not listed
2009	12,811	$394 million	not listed

Discover Financial Services Pension Plan

Pension (defined benefit), frozenActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 004Employer EIN 36-2517428
Participants (2024): 11,889
Net assets (2024): $482 million
Administered by: AlightEarlier: Affiliated Computer Services (2009)
Plan administrator: Employee Benefits Committee of Discover Financial Services
2500 Lake Cook Road
Riverwoods, IL 60015
(224) 405-0900As filed for 2024
In effect since: January 1, 2007

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	11,889	$482 million	Alight
2023	12,035	$518 million	Alight
2022	12,167	$497 million	Alight
2021	12,295	$594 million	Alight
2020	12,467	$612 million	Alight
2019	12,651	$528 million	Alight
2018	12,833	$454 million	Alight
2017	13,006	$509 million	Alight
2016	13,201	$383 million	Alight
2015	13,393	$377 million	Alight
2014	13,677	$406 million	Alight
2013	13,920	$368 million	Alight
2012	14,150	$369 million	Alight
2011	14,373	$341 million	Alight
2010	14,877	$318 million	Alight
2009	15,459	$300 million	Affiliated Computer Services

If you had money in one of these plans

Call Alight (alight.com), which runs the Discover Financial Services 401K Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((224) 405-0900). That number was filed for 2024; ask for the benefits or retirement plan office.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

All 2 plans

Discover Financial Services 401K Plan

Discover Financial Services Pension Plan

If you had money in one of these plans

What these numbers are

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