Defined Benefit (Pension) · DOL Form 5500 · 2023

Norfolk Southern Corporation Pension Plan

Data updated 2026-08-11

$2.5B
Total assets: 4,761
Participants: 99th
Percentile by assets: $524,005
Avg per participant

Official DOL plan name: Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies · Sponsored by Norfolk Southern Corporation · Georgia · Management of Enterprises

$2.5B in assets, 4,761 participants

Norfolk Southern Corporation's Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies reported $2.5B in total assets and 4,761 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)
#1,115 in Management of Enterprises (1,137 peers)

Coverage in Georgia

Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies covers 4,761 participants in Georgia, 4.3x the typical Georgia plan (state average ~1,096 per filing). Assets: $2.5B.

$2.5B
total plan assets (2023 EOY): 4,761
covered participants: 99th
percentile by assets (of 127,072 plans): $524,005
avg assets per participant

Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies reported net income rose from -$606M in the plan year 2022 filing to $251M in the plan year 2023 filing.
Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies end-of-year assets rose from $2.2B in the plan year 2022 filing to $2.5B in the plan year 2023 filing.
Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies reported participants fell from 4,832 in the plan year 2022 filing to 4,761 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Georgia

Industry

Management of Enterprises

Participants vs Georgia filers

In Georgia, the average filing covers about 1,096 participants across 3,635 plans. Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies reports 4,761 participants - 4.3x that state average ($2.5B EOY assets).

Georgia filing particulars

Total Assets (Beginning of Year)	$2.2B
Net Assets (End of Year)	$2.5B
Net Income	$251M
Employer EIN	521188014
Plan Effective Date	1982-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Norfolk Southern Corporation)

Total plan assets by year, all Norfolk Southern Corporation plans on file

Year	Plans	Participants	Total Assets
2022	3	22,376	$4.5B
2023	3	22,583	$4.9B
2024	3	22,262	$5.1B

Nearby Defined Benefit (Pension) Plans in Georgia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants

The Southern Company Pension Plan $15.6B · 25,241
UPS/Ibt Full-Time Employee Pension Plan $12.3B · 70,241
UPS Pension Plan $9.7B · 153,217
Cox Enterprises, Inc. Pension Plan $7.4B · 24,023
Delta Retirement Plan $7.3B · 15,601

Compare Retirement Plan of Norfolk Southern Corp… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies by total assets, not by location.

Boeing North American Retirement Plan (WA) $2.5B · 147
Valero Energy Corporation Pension Plan (TX) $2.5B · 6,500
Pension Plan for Employees at Ornl (TN) $2.5B · 5,801
Pension Plan of Public Service Enterprise Group Incorporated (NJ) $2.4B · 428

Frequently Asked Questions

How did Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies assets move in 2023? ▼

Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies grew at a solid clip - up 11.2% during 2023, from $2.2B to $2.5B. Reported net income was $251M.

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 Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies rank by assets among Form 5500 filers? ▼

Retirement 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 Defined Benefit (Pension) plans are similar in size to Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Boeing North American Retirement Plan in WA ($2.5B, 147 participants).

Next read for Retirement Plan of Norfolk Southern Corp…

Filing takeaways

Ways to act on Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies's numbers.

By total assets, Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Georgia. Compare plans
Norfolk Southern Corporation's sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Management of Enterprises 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 521188014.