Plan Ledger DOL Form 5500 · updated monthly

Norfolk Southern Corporation401(k) + ESOP (KSOP)

THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES · ATLANTA, GA · plan year 2025

Reported admin expense ratio · 2025
0.05%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Norfolk Southern Corporation reported $776,248 in plan administrative expenses for 2025: 0.05% of average plan assets, above the peer median. Employer contributions averaged $3,377 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.06% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other management of companies employers. By assets it is the 26th-largest of 2,160 plans among Georgia employers on file, and the 29th of 786 in management of companies. In 2025, employees put in $2.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,707,088,640
Participants with balances6,499
Active participants4,540
Employer contributions$15,330,157
Employee contributions$40,551,587
Employer contribution per active participant$3,377
Average account balance$262,669
Benefits paid to participants$176,444,823
Plan auditUnmodified (clean) audit opinion
AuditorKPMG LLP
Plan history4
Yearassets · accounts · employer contribution
2025$1.7B · 6,499 accts · $15.3M emplr
2024$1.6B · 6,541 accts · $14.7M emplr
2023$1.5B · 6,955 accts · $14.7M emplr
2022$1.3B · 6,592 accts · $12.9M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$96,423
Investment management$674,875
Total administrative$776,248
The Norfolk Southern Corporation 401(k) match · 2025
Employer contribution per active participant$3,377
Median for plans this size$5,084
2025$3,377 per active participant
2024$3,205 per active participant
2023$2,884 per active participant
2022$2,741 per active participant

Norfolk Southern Corporation's 2025 employer contribution ran below the $5,084 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$111,004
VANGUARD ADVISERS INC. · Investment advisory (participants)$675,084

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$776,248 · 0.05%
2024$814,748 · 0.05%
2023$775,647 · 0.06%
2022$844,342 · 0.06%
All plans at this employer2
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES401(k) + ESOP (KSOP)
THOROUGHBRED RETIREMENT INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES401(k) + ESOP (KSOP)
Same employer
Similar plansManagement of Companies · Georgia
Assurant, Inc. GA$2.4B · 0.04%
W.R. Berkley Corporation CT$2.3B · 0.02%
Clayton Homes, Inc. TN$1.6B · 0.13%
Roper Technologies, Inc. FL$1.6B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521188014 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.