Union Pacific 401(k) match, vesting and fees
What Union Pacific's 401(k) plan says about matching contributions
The Company contributes to the Plan on behalf of each participant who contributes to the Plan and is represented by a rail union that negotiated a matching contribution with the Company. The Company’s matching contribution is an amount equal to 50% of the participant’s combined pre-tax, designated Roth, and after-tax contributions that are not in excess of 6% of the participant’s eligible compensation for the payroll period.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 26 ↗ |
| Match vesting | Vesting — Participants at all times have a 100% vested interest in their accounts. | Audit report, p. 26 ↗ |
| Roth contributions | A participant may designate all or a portion of his/her pre-tax contribution as a Roth contribution. Participants may also contribute 1% to 75% of their eligible compensation on an after-tax basis. Combined after-tax, Roth, and pre-tax contributions may not exceed 75% of eligible compensation. | Audit report, p. 26 ↗ |
| Loans | Participant Loans — The Plan does not offer a participant loan feature. | Audit report, p. 26 ↗ |
| Recordkeeper | The Vanguard Group, Inc | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 44 defined-contribution plans in transportation and warehousing with 10,000 to 49,999 participants.
| Union Pacific: employer contribution per participant | $73 | |
| Peer median | $1,814 |
| Union Pacific: average balance | $121,384 | |
| Peer median | $68,010 |
| Union Pacific: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.12% |
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 $2.3B at the end of plan year 2023 to $2.4B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 32,031 | $2.4B | $1.4M | $73 | 0.07% | Quoted in the audit report, p. 26 ↗ | Form 5500 ↗ |
| 2023 | 33,283 | $2.3B | $1.6M | $80 | 0.07% | Not published | Form 5500 ↗ |
Other Union Pacific plans (6)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Union Pacific Corporation Thrift Plan
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 | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Chicago and North Western Railway Company Profit Sharing and Retirement Savings Program
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 | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Pension Plan for Salaried Employees of Union Pacific Corporation & Affiliates
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 | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Chicago & North Western Railway Company Supplemental Pension Plan
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 | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Great Southwest Railroad, Inc. Pension Plan for Non-Union Salaried Employees
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.
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Galveston, Houston & Henderson Railroad Company Pension Plan for Non-Union Salaried Employees
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.
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Union Pacific match 401(k) contributions?
The audit report attached to the Union Pacific Agreement Employee 401k Retirement Thrift Plan's plan year 2024 Form 5500, page 26 says: “The Company contributes to the Plan on behalf of each participant who contributes to the Plan and is represented by a rail union that negotiated a matching contribution with the Company. The Company’s matching contribution is an amount equal to 50% of the participant’s combined pre-tax, designated Roth, and after-tax contributions that are not in excess of 6% of the participant’s eligible compensation for the payroll period.” Plan terms may have changed; check your current Summary Plan Description.
When is the Union Pacific 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 26 says: “Vesting — Participants at all times have a 100% vested interest in their accounts.”
Who manages the Union Pacific 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc. The plan administrator is Joshua K. Perkes.
I left Union Pacific. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Joshua K. Perkes, (402) 544-5000) or the recordkeeper, The Vanguard Group, Inc. The Union Pacific old 401(k) page lists the contacts from every plan filing. Find an old Union Pacific 401(k)
Data from the public Form 5500 annual reports Union Pacific 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 Union Pacific. Not financial advice. Report a correction · Methodology