401(k) · DOL Form 5500 · 2023

Norfolk Southern Corporation 401(k) Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
5,335
Participants Above avg headcount
99th
Percentile by assets National rank
$276,147
Avg per participant High balance/head
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Official DOL plan name: Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies · Sponsored by Norfolk Southern Corporation · Georgia · Management of Enterprises

$1.5B in assets, 5,335 participants

Norfolk Southern Corporation's Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies reported $1.5B in total assets and 5,335 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #1,097 in Management of Enterprises (1,137 peers)

Coverage in Georgia

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies covers 5,335 participants in Georgia, 4.9x the typical Georgia plan (state average ~1,096 per filing). Assets: $1.5B.

#1,097
in Management of Enterprises (1,137 peers)
+10.5%
assets growth YoY
15×
vs typical plan assets (national mean)

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies's outsized position by total assets

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,473,245,456 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies lands in the large band (5,335 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies reported net income rose from -$300M in the plan year 2022 filing to $140M in the plan year 2023 filing.
  • Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
  • Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies reported participants rose from 4,938 in the plan year 2022 filing to 5,335 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 521188014 · Norfolk Southern Corporation PY 2023 · 401(k)

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies · $1.5B · 5,335 · 99th

  • BOY $1.5B
  • BOY 5,335
  • BOY 99th
  • BOY 401(k)
  • BOY near Csx Corporation 401(k) Plan
  • BOY ind #1097

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Management of Enterprises retirement plans → · Plans in Georgia →

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies in the asset neighbourhood

Hexagon Employee Retirement Savings PlanHexagon Employee Retirement …$1.5BThrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary CompaniesThrift & Investment Plan of …$1.5BCsx Corporation 401(k) Plan$1.5BGeneral Dynamics Corporation 401(k) Plan 3.0General Dynamics Corporation…$1.5BPinnacle West Capital Corporation Savings PlanPinnacle West Capital Corpor…$1.5B
End-of-year total assets ($B) among Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Georgia filing particulars

Total Assets (Beginning of Year)$1.3B
Net Assets (End of Year)$1.5B
Net Income$140M
Employer EIN521188014
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Norfolk Southern Corporation)

Sponsor-wide plan assets over time

All Norfolk Southern Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$5.1B 15.479197036018032% vs 2022
2024 filing year
$4B$4.5B$5B$5.5B 202220232024 $4.45B $5.14B ▲ +15.5%
Year Plans Participants Total Assets
2022 3 22,376 $4.5B
2023 3 22,583 $4.9B
2024 3 22,262 $5.1B

Nearby 401(k) Plans in Georgia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies vs. nearby 401(k) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -2000000200000400000600000 05101520 Total assets ($B) Participants Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies, Total assets ($B): 1.473245456 · Participants: 5335Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary CompaniesThe Teamster - UPS National 401(k) Tax Deferred Savings Plan, Total assets ($B): 17.183099452 · Participants: 510511The Teamster - UPS National 401(k) Tax Deferred Savings PlanDelta 401(k) Retirement Plan, Total assets ($B): 16.184491444 · Participants: 83136Delta 401(k) Retirement PlanDelta 401(k) Retirement Plan for Pilots, Total assets ($B): 13.670948783 · Participants: 13283Delta 401(k) Retirement Plan for PilotsUPS 401(k) Savings Plan, Total assets ($B): 13.111089897 · Participants: 102231UPS 401(k) Savings PlanThe Home Depot Futurebuilder, Total assets ($B): 12.585718117 · Participants: 413365The Home Depot Futurebuilder
Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies vs. nearby 401(k) plans in Georgia, assets vs. participants
Compare Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies side-by-side with 3 peers →

Scale composition for Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies reports $1.5B in end-of-year assets across 5,335 participants (0.012% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $276,147 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $140M.

This plan identity (EIN 521188014, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.6B (+16.4%) while covered participants moved from 4,938 to 5,094 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 4,938 $1.3B Open filing
2023 5,335 $1.5B This page
2024 · index core 5,094 $1.6B Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies's out-of-state 401(k) peers by assets and headcount

Outside Georgia, the nearest 401(k) by assets is Csx Corporation 401(k) Plan in FL ($1.5B); by covered participants it is Churchill Downs Incorporated 401(k) Retirement Plan in KY (5,332 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (5,335 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies assets move in 2023? ▼
Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies grew at a solid clip - up 10.5% during 2023, from $1.3B to $1.5B. Reported net income was $140M.
How have Norfolk Southern Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Norfolk Southern Corporation's sponsor-wide assets grew 15.5%, from $4.5B to $5.1B.
Where does Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies rank by assets among Form 5500 filers? ▼
Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies? ▼
Among 401(k) plans in other states, the closest by assets is Csx Corporation 401(k) Plan in FL ($1.5B, 3,307 participants).
Which 401(k) plans cover a similar participant headcount to Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies? ▼
Among 401(k) plans in other states, the closest by covered participants is Churchill Downs Incorporated 401(k) Retirement Plan in KY (5,332 participants, $172M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 521188014.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.