Retirement plan

OLD DOMINION 401(K) RETIREMENT PLAN

Name: OLD DOMINION FREIGHT LINE, INC. - OLD DOMINION 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: OLD DOMINION FREIGHT LINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLD DOMINION 401(K) RETIREMENT PLAN, OLD DOMINION FREIGHT LINE, INC.

OLD DOMINION FREIGHT LINE, INC.EIN 56-0751714Plan #002PY 2024

500 OLD DOMINION WAY - THOMASVILLE, NC 273608683336-889-5000odfl.comLinkedIn10001+ employeestransportation/trucking/railroad

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed December 30, 2005 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$2396.4M

+6.3% from 2023

Total participants

25,253

-1.6% from 2023

Average account balance

$95,783

+6.4% from 2023

Annual return

5.75%

-17.98 pp from 2023

Benchmarks

See 51 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort51 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.40B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$96K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

25,019

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$251.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.75%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$62

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$2,128,633
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$987,283
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL, NICOLAUS & COMPANY, INCORPO Service code 50 · EIN 43-0538770	Direct Payment	$28,786
CHARLES SCHWAB & CO., INC.2 years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$1,669
AMERICAN FUNDS1 year Service code 59	Shareholder Servicing	$0
EURO PACIFIC ASSET MANAGEMENT1 year Service code 59	Shareholder Servicing	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 59	Shareholder Servicing	$0
JENSEN1 year Service code 59	Shareholder Servicing	$0
MATTHEWS, GOLD, KENNEDY & SNOW, INC1 year Filed as: MATTHEWS ASIA FUNDS Service code 59	Shareholder Servicing	$0
OAKMARK1 year Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D2O

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$68 / participant

Recordkeeping$987K63.6%
Investment mgmt$564K36.3%
Other / not subdivided$2K0.1%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,783

$140,910-32.0%

$76,119+25.8%

$106,553-10.1%

Participation rate

99.0%

64.1%+34.8pp

69.1%+29.9pp

69.8%+29.1pp

Annual return

5.75%

16.51%-10.8pp

361.25%-355.5pp

17.37%-11.6pp

Employer contribution / active EE

$4,946

$5,354-7.6%

$2,693+83.7%

$3,359+47.3%

Participant deferral / active EE

$6,104

$5,004+22.0%

$4,259+43.3%

$5,562+9.7%

Admin fee / account holder

$62

$117-47.1%

$6,421-99.0%

$80-22.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$2,128,633

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$987,283

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL, NICOLAUS & COMPANY, INCORPO

Service code 50 · EIN 43-0538770

Direct Payment

$28,786

CHARLES SCHWAB & CO., INC.2 years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$1,669

AMERICAN FUNDS1 year

Service code 59

Shareholder Servicing

EURO PACIFIC ASSET MANAGEMENT1 year

Service code 59

Shareholder Servicing

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 59

Shareholder Servicing

JENSEN1 year

Service code 59

Shareholder Servicing

MATTHEWS, GOLD, KENNEDY & SNOW, INC1 year

Filed as: MATTHEWS ASIA FUNDS

Service code 59

Shareholder Servicing

OAKMARK1 year

Service code 59

Shareholder Servicing

OLD DOMINION 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLD DOMINION 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion