Retirement plan

CSX CORPORATION 401(K) PLAN

Name: CSX CORPORATION - CSX CORPORATION 401(K) PLAN (2023) Form 5500
Creator: CSX CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CSX CORPORATION 401(K) PLAN, CSX CORPORATION

CSX CORPORATIONEIN 62-1051971Plan #003PY 2023

500 WATER STREET - JACKSONVILLE, FL 32202904-359-3460csx.comLinkedIn10001+ employeestransportation/trucking/railroad

Other plans on this EIN

2 filings

#005Retirement-$2.37B assets #004Retirement-$1.51B assets

Prospect flagsHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed January 26, 2009 (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)

$1474.6M

+10.5% from 2022

Total participants

5,776

+0.3% from 2022

Average account balance

$258,108

+6.4% from 2022

Annual return

15.24%

+27.59 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.54B

Not enough data

1 years with asset history on file

Average account balance

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

$279K

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.

5,519

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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 9 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$529,743
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$253,621
NORTHERN TRUST COMPANY9+ years Service code 19 · EIN 36-1561860	Securities Custodian	$245,120
ERNST & YOUNG LLP6 years Filed as: ERNST & YOUNG US LLP Service code 10 · EIN 34-6565596	Accounting	$58,000
DODGE & COX7 years Service code 27 · EIN 94-1441976	Advisory (Plan)	$0
HOLLAND & KNIGHT4 years Service code 27 · EIN 59-0663819	Advisory (Plan)	$0
LOOMIS SAYLES9+ years Service code 27 · EIN 04-3200030	Advisory (Plan)	$0
MORGAN STANLEY SMITH BARNEY5 years Filed as: MORGAN STANLEY INVESTMENT MANAGEMEN Service code 27 · EIN 04-6956300	Advisory (Plan)	$0
WELLINGTON TRUST COMPANY1 year Filed as: WELLINGTON MANAGEMENT CO. LLP Service code 27 · EIN 04-2683227	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H2O3J3I

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$602K

$181 / participant

Recordkeeping$69K11.4%
Investment mgmt$530K88.0%
Other / not subdivided$4K0.6%

% of EOY assets

0.041%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ERNST AND YOUNG
Auditor EIN: 346565596
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$258,108

$70,115+268.1%

$70,515+266.0%

$80,160+222.0%

Participation rate

98.1%

71.7%+26.5pp

68.3%+29.8pp

72.9%+25.2pp

Annual return

15.24%

134.51%-119.3pp

32.77%-17.5pp

40.38%-25.1pp

Employer contribution / active EE

$4,467

$3,021+47.9%

$2,973+50.2%

$2,978+50.0%

Participant deferral / active EE

$9,394

$4,495+109.0%

$4,567+105.7%

$5,017+87.2%

Admin fee / account holder

$105

$112-6.1%

$6,412-98.4%

$145-27.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$529,743

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$253,621

NORTHERN TRUST COMPANY9+ years

Service code 19 · EIN 36-1561860

Securities Custodian

$245,120

ERNST & YOUNG LLP6 years

Filed as: ERNST & YOUNG US LLP

Service code 10 · EIN 34-6565596

Accounting

$58,000

DODGE & COX7 years

Service code 27 · EIN 94-1441976

Advisory (Plan)

HOLLAND & KNIGHT4 years

Service code 27 · EIN 59-0663819

Advisory (Plan)

LOOMIS SAYLES9+ years

Service code 27 · EIN 04-3200030

Advisory (Plan)

MORGAN STANLEY SMITH BARNEY5 years

Filed as: MORGAN STANLEY INVESTMENT MANAGEMEN

Service code 27 · EIN 04-6956300

Advisory (Plan)

WELLINGTON TRUST COMPANY1 year

Filed as: WELLINGTON MANAGEMENT CO. LLP

Service code 27 · EIN 04-2683227

Advisory (Plan)

CSX CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CSX CORPORATION 401(K) 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