Norfolk Southern 401(k) and pension plans

Norfolk Southern Corporation, Atlanta, GA. EIN 52-1188014. Annual reports 2009–2025.

Norfolk Southern Corporation has 3 active retirement plans on file. The largest is the Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies, with 14,235 participants and $1.2 billion in assets in 2025. Vanguard has been its recordkeeper since 2011.

Active plans: 3
Participants: 34,892
Plan assets: $5.5 billion
401(k) recordkeeper: Vanguard
Plans on file: 3
Industry: Holding companies

All 3 plans

Active plans first

Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies

401(k) with ESOPActive

Active. The plan filed its annual report for the 2025 plan year.

Plan number: 003Employer EIN 52-1188014
Participants (2025): 14,235
Net assets (2025): $1.2 billion
Recordkeeper: Vanguard2011–2025
Plan administrator: Board of Managers Thoroughbred Retirement Investment Plan
650 Peachtree Street NW
Atlanta, GA 30308
(470) 463-6682As filed for 2025
In effect since: April 1, 1995

Earlier plan names: Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Part Subsid Companies; Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation & Part. Subsid. Companies.

Year by year, 2009 to 2025

Plan year	Participants	Net assets	Recordkeeper
2025	14,235	$1.2 billion	Vanguard
2024	14,302	$1.0 billion	Vanguard
2023	14,612	$960 million	Vanguard
2022	14,491	$877 million	Vanguard
2021	14,672	$1.1 billion	Vanguard
2020	15,317	$939 million	Vanguard
2019	16,118	$867 million	Vanguard
2018	19,160	$703 million	Vanguard
2017	18,319	$747 million	Vanguard
2016	19,519	$656 million	Vanguard
2015	21,454	$607 million	Vanguard
2014	23,165	$697 million	Vanguard
2013	22,938	$649 million	Vanguard
2012	22,357	$518 million	Vanguard
2011	18,859	$536 million	Vanguard
2010	18,065	$519 million	not listed
2009	18,545	$457 million	not listed

Thrift and Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies

401(k) with ESOPActive

Active. The plan filed its annual report for the 2025 plan year.

Plan number: 002Employer EIN 52-1188014
Participants (2025): 6,637
Net assets (2025): $1.7 billion
Recordkeeper: Vanguard2011–2025
Plan administrator: Board of Managers NS Thrift & Investment Plan
650 West Peachtree Street NW
Atlanta, GA 30308
(470) 463-6682As filed for 2025
In effect since: January 1, 1984

Earlier plan names: Thrift & Investment Plan of Norfolk Southern Corp. & Part. Subsid. Cos; Thrift & Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies.

Year by year, 2009 to 2025

Plan year	Participants	Net assets	Recordkeeper
2025	6,637	$1.7 billion	Vanguard
2024	6,679	$1.6 billion	Vanguard
2023	7,141	$1.5 billion	Vanguard
2022	6,784	$1.3 billion	Vanguard
2021	6,525	$1.6 billion	Vanguard
2020	6,458	$1.4 billion	Vanguard
2019	6,467	$1.3 billion	Vanguard
2018	6,332	$1.1 billion	Vanguard
2017	6,471	$1.2 billion	Vanguard
2016	6,399	$1.0 billion	Vanguard
2015	6,507	$948 million	Vanguard
2014	6,475	$1.1 billion	Vanguard
2013	6,431	$982 million	Vanguard
2012	6,416	$807 million	Vanguard
2011	6,205	$824 million	Vanguard
2010	6,035	$787 million	not listed
2009	6,222	$701 million	not listed

Retirement Plan of Norfolk Southern Corporation and Participating Subsidiary Companies

Pension (defined benefit)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 001Employer EIN 52-1188014
Participants (2024): 14,020
Net assets (2024): $2.5 billion
Plan administrator: Board of Managers NS Retirement Plan
650 West Peachtree Street NW
Atlanta, GA 30308
(470) 463-6682As filed for 2024
In effect since: June 1, 1982

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	14,020	$2.5 billion	not listed
2023	13,877	$2.5 billion	not listed
2022	14,112	$2.2 billion	not listed
2021	14,259	$2.9 billion	not listed
2020	14,355	$2.7 billion	not listed
2019	14,611	$2.5 billion	not listed
2018	14,851	$2.1 billion	not listed
2017	15,062	$2.4 billion	not listed
2016	14,923	$2.1 billion	not listed
2015	15,001	$2.0 billion	not listed
2014	15,337	$2.2 billion	not listed
2013	15,446	$2.1 billion	not listed
2012	15,485	$1.8 billion	not listed
2011	15,355	$1.7 billion	not listed
2009	15,188	$1.5 billion	not listed

If you had money in one of these plans

Call Vanguard (investor.vanguard.com), which runs the Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((470) 463-6682). That number was filed for 2025; ask for the benefits or retirement plan office.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.