Discover Financial Services 401(k) Plan: Login, Facts & Contact Information
Discover Financial Services 401(k) Login
6,871 former Discover Financial Services employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Discover Financial Services 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 6, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $301.2 million went into the plan in contributions, $131.1 million of it from the employer (44%).
- $221.6 million was paid out to participants.
- Investment and other income added $381.5 million.
- Administrative expenses were $2.36 million, about $88 per account.
How the Discover Financial Services 401(k) changed, 2019–2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 22,184 | $1.89 billion | $86.6 million | $126.4 million |
| 2020 | 23,221 | $2.24 billion | $98.3 million | $141.5 million |
| 2021 | 23,042 | $2.56 billion | $95.6 million | $217.9 million |
| 2022 | 23,042 | $2.24 billion | $107.2 million | $141.9 million |
| 2023 | 27,201 | $2.76 billion | $124.5 million | $149.9 million |
| 2024 | 27,661 | $3.21 billion | $131.1 million | $221.6 million |
Discover Financial Services 401(k) Contact Information
Questions about the Discover Financial Services 401(k)
Does Discover Financial Services contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $131.1 million, 44% of all contributions.
Does the Discover Financial Services 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Discover Financial Services 401(k) plan?
27,661 participants at the start of plan year 2024, 20,237 of them active employees, and 6,871 former employees who still had money in the plan.
What is the average 401(k) balance at Discover Financial Services?
About $120,445 per account: $3.21 billion in plan assets across 26,671 accounts with a balance at the end of plan year 2024.
Who manages the Discover Financial Services 401(k) accounts?
Alight (listed on the filing as ALIGHT SOLUTIONS LLC) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Discover Financial Services. How do I access my 401(k)?
Your account stays with Alight after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.