398 employees reported this benefit
U.S. Bank offers a 401(k) Savings Plan.
This information about the 401K Plan benefit at U.S. Bank is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of U.S. Bank. The description here may not reflect the current U.S. Bank 401K Plan benefit.
4% match with is pretty standard
The 401k is a good plan; the only down fall is if you don't meet the 4% then you can't get the match from the company. But not everyone can be able to do the 4% unless they get a raise or make more in each paycheck.
It was an adequate benefit
They don't ask if you want the 401k, they just start automatically deducting it from your pay check
4% match. But only 1x a year so you miss 12 months of gains.
Limited choice of investment options
The match up to 4% per year for your 401K
They do annual matching for the 401k. Their benefit website allows for easy access to the plan info.
Could always use more options
The benefit matched amount was more than what you personally contributed depending on your time with the company.