401(k) · DOL Form 5500 · 2023

Old Dominion Freight Line, Inc. 401(k) Plan

Data updated 2026-08-11

$2.3B
Total assets: 24,400
Participants: 99th
Percentile by assets: $92,384
Avg per participant

Official DOL plan name: Old Dominion 401(k) Retirement Plan · Sponsored by Old Dominion Freight Line, Inc. · North Carolina · Transportation & Warehousing

$2.3B in assets, 24,400 participants

Old Dominion Freight Line, Inc.'s Old Dominion 401(k) Retirement Plan reported $2.3B in total assets and 24,400 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.

99th percentile by assets (of 127,072 plans)
#3,323 in Transportation & Warehousing (3,362 peers)

Coverage in North Carolina

Old Dominion 401(k) Retirement Plan covers 24,400 participants in North Carolina, 30x the typical North Carolina plan (state average ~819 per filing). Assets: $2.3B.

$2.3B
total plan assets (2023 EOY): 24,400
covered participants: 99th
percentile by assets (of 127,072 plans): $92,384
avg assets per participant

Old Dominion 401(k) Retirement Plan reported net income rose from -$225M in the plan year 2022 filing to $460M in the plan year 2023 filing.
Old Dominion 401(k) Retirement Plan end-of-year assets rose from $1.8B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.
Old Dominion 401(k) Retirement Plan reported participants rose from 24,080 in the plan year 2022 filing to 24,400 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Transportation & Warehousing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Old Dominion 401(k) Retirement Plan reports 24,400 participants - 30x that state average ($2.3B EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$1.8B
Net Assets (End of Year)	$2.3B
Net Income	$460M
Employer EIN	560751714
Plan Effective Date	1983-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Old Dominion Freight Line, Inc.)

Total plan assets by year, all Old Dominion Freight Line, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	24,080	$1.8B
2023	1	24,400	$2.3B
2024	1	23,235	$2.4B

Nearby 401(k) Plans in North Carolina

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

Old Dominion 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

The Bank of America 401(k) Plan $54.8B · 173,899
Honeywell 401(k) Plan $15.4B · 40,004
Duke Energy Retirement Savings Plan $10.4B · 28,121
Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174

Compare Old Dominion 401(k) Retirement Plan side-by-side with 3 peers →

Scale composition for Old Dominion 401(k) Retirement Plan

Old Dominion 401(k) Retirement Plan reports $2.3B in end-of-year assets across 24,400 participants (0.018% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.026% of 93,925,755 covered participants) - about $92,384 per participant (67% of the national average assets-per-participant) . Net income for plan year 2023 was $460M.

This plan identity (EIN 560751714, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.8B to $2.4B (+33.6%) while covered participants moved from 24,080 to 23,235 . Single-year sparse filers cannot show that trail.

Plan year	Participants	EOY assets	Filing
2022	24,080	$1.8B	Open filing
2023	24,400	$2.3B	This page
2024 · index core	23,235	$2.4B	Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Old Dominion 401(k) Retirement Plan (401(k), $2.4B, 23,235 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Old Dominion 401(k) Retirement Plan by total assets, not by location.

Union Pacific Agreement Employee 401(k) Retirement Thrift Plan (NE) $2.3B · 27,770
Enterprise 401(k) Plan (TX) $2.3B · 7,369
Wellspan 403(b) Retirement Savings Plan (PA) $2.3B · 21,201
Gartner Inc. Savings and Investment Plan (CT) $2.3B · 10,371

Frequently Asked Questions

How did Old Dominion 401(k) Retirement Plan assets move in 2023? ▼

Old Dominion 401(k) Retirement Plan grew sharply - up 25.6% during 2023, from $1.8B to $2.3B. Reported net income was $460M.

How have Old Dominion Freight Line, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Old Dominion Freight Line, Inc.'s sponsor-wide assets grew 33.6%, from $1.8B to $2.4B.

Where does Old Dominion 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼

Old Dominion 401(k) Retirement Plan 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 Old Dominion 401(k) Retirement Plan? ▼

Among 401(k) plans in other states, the closest by assets is Union Pacific Agreement Employee 401(k) Retirement Thrift Plan in NE ($2.3B, 27,770 participants).

Next read for Old Dominion 401(k) Retirement Plan

Filing takeaways

Ways to act on Old Dominion 401(k) Retirement Plan's numbers.

By total assets, Old Dominion 401(k) Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
Old Dominion Freight Line, Inc.'s sponsor-wide assets have grown 33.6% since 2022 across 3 plan years on file. More Transportation & Warehousing plans

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 560751714.