Employers › Norfolk Southern › plan 002
Recordkeeping fees per participant · Thrift and Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies · plan year 2024
$27.43
Higher than 37% of the 790 plans over $1B that report it.
= $179,441 / 6,541
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250627170808NAL0005435603001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627170808NAL0005435603001, received 2025-06-27
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-27.
Administrative expenses excluding investment management, per participant
$28.24
Higher than 25% of the 1,045 plans over $1B that report it.
= $184,691 / 6,541
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250627170808NAL0005435603001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627170808NAL0005435603001, received 2025-06-27
Administrative expenses per participant
$124.56
Higher than 81% of the 1,076 plans over $1B that report it.
= $814,748 / 6,541
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627170808NAL0005435603001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627170808NAL0005435603001, received 2025-06-27
Administrative expenses as a share of assets
0.053%
Higher than 57% of the 1,076 plans over $1B that report it.
= $814,748 / $1,551,674,772
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627170808NAL0005435603001, received 2025-06-27
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250627170808NAL0005435603001, received 2025-06-27
Employer contributions per participant
$2,244
Higher than 22% of the 1,135 plans over $1B that report it.
= $14,676,667 / 6,541
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627170808NAL0005435603001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627170808NAL0005435603001, received 2025-06-27
Employer share of total contributions
25.9%
Higher than 25% of the 1,135 plans over $1B that report it.
= $14,676,667 / $56,582,214
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627170808NAL0005435603001, received 2025-06-27
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250627170808NAL0005435603001, received 2025-06-27
17.7% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($124.56 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2I · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250627170808NAL0005435603001, received 2025-06-27
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NORFOLK SOUTHERN CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Plan name | THRIFT AND INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Sponsor EIN / plan number | 52-1188014 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Sponsor location | ATLANTA, GA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Industry (business code) | 551112, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Filing received | 2025-06-27 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Participants, beginning of year | 7,141 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Active participants | 4,579 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Participants, end of year | 6,679 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Participants with an account balance | 6,541 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Total assets, beginning of year | $1,473,245,456 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Total assets, end of year | $1,551,674,772 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Net assets, end of year | $1,551,674,772 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Total income | $231,319,322 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Net income | $78,357,286 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Employer contributions | $14,676,667 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Participant contributions | $41,839,997 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Other contributions (incl. rollovers) | $65,550 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Total contributions | $56,582,214 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Benefit payments | $152,121,584 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Total expenses (incl. benefit payments) | $152,962,036 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Total administrative expenses | $814,748 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Recordkeeping fees | $179,441 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Investment advisory and management fees | $630,057 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Administrative expenses excluding investment management | $184,691 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Held in master trusts | $275,008,902 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Held in common/collective trusts | $458,764,716 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Held in mutual funds | $803,265,896 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250627170808NAL0005435603001, received 2025-06-27 |
| Independent auditor | KPMG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250627170808NAL0005435603001, received 2025-06-27 |
Position = column in the DOL layout for form year 2024. Filing 20250627170808NAL0005435603001, received 2025-06-27.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| VANGUARD ADVISERS INC. | NONE | 26 Investment advisory (participants) | $630,057 | no |
| THE VANGUARD GROUP, INC.recordkeeper | NONE | 15 Recordkeeping and information management; 25 Trustee (directed); 26 Investment advisory (participants); 37 Participant loan processing; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan; 52 Investment management fees paid indirectly by plan; 68 Soft dollars commissions | $161,845 | no |
| QDRO CONSULTANTS CO LLC | NONE | 16 Consulting (general) | $5,250 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250627170808NAL0005435603001, received 2025-06-27.
MASTER TRUST FOR TIP AND TRIP (EIN 521188014, PN 005): plan interest $275,008,902, 56.0% of the trust. The trust's own filing (20250627171746NAL0023811618001, received 2025-06-27) reports net assets $490,861,683, administrative expenses $0, recordkeeping fees not reported, investment management fees not reported and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,473,245,456 | $1,551,674,772 | 5.3% |
| Participants with a balance | 6,955 | 6,541 | -6.0% |
| Administrative expenses | $775,647 | $814,748 | 5.0% |
| Recordkeeping fees per participant | $17.82 | $27.43 | 54.0% |
| Employer contributions | $14,692,446 | $14,676,667 | -0.1% |
Prior filing 20240628105612NAL0000326883001, received 2024-06-28; the plan years are contiguous.