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Original filing (PDF)20250627171334NAL0005436435001
NORFOLK SOUTHERN CORPORATION
Form 5500
FILING_RECEIVED
THOROUGHBRED RETIREMENT INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES
401(k) retirement plan
Signals · 3
42% in single holding42% employer stockNo recordkeeper disclosed
Active participants
12,062
Accounts w/ balance
12,416
Plan assets (EOY)
$1.0B
Net assets (EOY)
$1.0B
How this plan invests
This plan
14 pooled trusts
Schedule D
14 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
80
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
54
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Norfolk Southern Common Stock Fund" is 42% of plan.
- 42% of plan in employer / sponsor stock.
- 10 bps in Schedule C fees — 101% above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NORFOLK SOUTHERN CORPORATION.
Plan sponsor
Name
NORFOLK SOUTHERN CORPORATION
EIN
52-1188014
Address
650 WEST PEACHTREE STREET NW · ATLANTA, GA · 30308
Phone
(470) 463-6682
Industry
Management of Companies / Holdingssee all
Plan administrator
Name
BOARD OF MANAGERS THOROUGHBRED RETIREMENT INVESTMENT PLAN
EIN
52-1188014
City
ATLANTA, GA
Phone
(470) 463-6682
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-06-27
Pension benefit codes
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2I · Stock bonus
2J · 401(k) feature
2K · 401(m) arrangement
2O · ESOP (non-leveraged)
2T · Default investment account (QDIA)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
KPMG LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VANGUARD ADVISERS INC. | 23-2811930 | — | NONE | $702K | — |
| THE VANGUARD GROUP, INC. | 23-1945930 | — | NONE | $341K | — |
| QDRO CONSULTANTS CO LLC | 34-1820650 | — | NONE | $12K | — |
Investments
1 direct security · 14 pooled funds· $723.1M(69% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$291.8M
13 holdings
Uncategorized
$215.7M
1 holding
Master Trust
$215.7M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Norfolk Southern Common Stock Fund | — | — | — | $215.7M | 20.6% | |
| MASTER TRUST FOR TIP AND TRIP NORFOLK SOUTHERN CORPORATION · EIN 52-1188014 / PN 005 | Master Trust | — | — | $215.7M | 20.6% | |
| VFTC RETIREMENT SAVINGS TRUST III VANGUARD FIDUCIARY TRUST COMPANY · EIN 38-7041744 / PN 024 | Common Collective Trust | — | — | $57.2M | 5.5% | |
| VFTC TARGET RET 2045 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083973 / PN 001 | Common Collective Trust | — | — | $41.3M | 3.9% | |
| VFTC TARGET RET 2040 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083975 / PN 001 | Common Collective Trust | — | — | $37.5M | 3.6% | |
| VFTC TARGET RET 2050 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083969 / PN 001 | Common Collective Trust | — | — | $34.2M | 3.3% | |
| VFTC TARGET RET 2035 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083977 / PN 001 | Common Collective Trust | — | — | $33.4M | 3.2% | |
| VFTC TARGET RET 2030 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083979 / PN 001 | Common Collective Trust | — | — | $25.4M | 2.4% | |
| VFTC TARGET RET 2055 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 27-6715074 / PN 001 | Common Collective Trust | 252,466.416 | $18.6M | $23.1M | 2.2% | |
| VFTC TARGET RET 2025 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083981 / PN 001 | Common Collective Trust | — | — | $13.9M | 1.3% | |
| VFTC TARGET RET 2060 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 45-3799212 / PN 001 | Common Collective Trust | — | $7.1M | $9.4M | 0.9% | |
| VFTC TARGET RET 2020 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083983 / PN 001 | Common Collective Trust | — | — | $6.2M | 0.6% | |
| VANGUARD TARGET RET INCOME TRUST I VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083968 / PN 001 | Common Collective Trust | — | — | $6.1M | 0.6% | |
| VFTC TARGET RET 2065 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 82-6190443 / PN 001 | Common Collective Trust | — | — | $3.5M | 0.3% | |
| VFTC TARGET RET 2070 TR I VANGUARD FIDUCIARY TRUST COMPANY · EIN 87-7035538 / PN 001 | Common Collective Trust | — | — | $612K | <0.1% |