CSX Corporation 401(k) Review & Grade
CSX Corporation 401(k) Plan
Jacksonville, FLTransportation & Warehousing3,360 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,680Employer $ per active participant
$9,837Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$279,112Average balance per account
Score breakdown
- Employer generosity40.2 / 5080th percentile for employer $ per participant
- Low cost15.3 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 61th |
| Employee saving | 90th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($31,361 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- CSX put in about $4,680 per active participant, more than the typical peer ($1,834). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $15,724,463 |
| Participant (employee) contributions | $33,052,479 |
| Other contributions (incl. rollovers in) | $3,468,657 |
| Administrative expenses paid from the plan | $1,329,606 |
| Investment advisory & management fees | $573,818 |
| Other admin expenses | $524,607 |
| Benefits paid out | $127,201,354 |
| Net assets, start / end of year | $1.5B / $1.5B |
| Active participants, start / end of year | 3,335 / 3,385 |
| Participants with account balances | 5,519 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernest and Young |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $573,818 reported compensation |
| Northern Trust Company | $287,056 reported compensation |
| Loomis Sayles & Company | $284,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008083603NAL0005569969001, received 2025-10-08, EIN 62-1051971, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.