Norfolk Southern 401(k) match, vesting and fees
What Norfolk Southern's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | KPMG LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 26 defined-contribution plans in management of companies and enterprises with 10,000 to 49,999 participants.
| Norfolk Southern: employer contribution per participant | $274 | |
| Peer median | $2,647 |
| Norfolk Southern: average balance | $84,408 | |
| Peer median | $122,788 |
| Norfolk Southern: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $960M at the end of plan year 2023 to $1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 14,302 | $1B | $3.4M | $274 | 0.11% | Not published | Form 5500 ↗ |
| 2023 | 14,612 | $960M | $3.3M | $261 | 0.11% | Not published | Form 5500 ↗ |
Other Norfolk Southern plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Thrift and Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | KPMG LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | KPMG (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Norfolk Southern match 401(k) contributions?
The match terms for the Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies have not been published from its filing yet. The plan year 2024 filing reports $3.4M in employer contributions, about $274 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Norfolk Southern 401(k) match vested?
The vesting schedule for the Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies is not in the data published so far. Your Summary Plan Description states it.
Who manages the Norfolk Southern 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Board of Managers Thoroughbred Retirement Investment Plan.
I left Norfolk Southern. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Board of Managers Thoroughbred Retirement Investment Plan, (470) 463-6682) or the recordkeeper, The Vanguard Group, Inc.. The Norfolk Southern old 401(k) page lists the contacts from every plan filing. Find an old Norfolk Southern 401(k)
Data from the public Form 5500 annual reports Norfolk Southern filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Norfolk Southern. Not financial advice. Report a correction · Methodology