THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES
Plan Contact
- Address: 650 WEST PEACHTREE STREET NW,ATLANTA,GA
- Contact person: MICHELLE L. THOMPSON
- Phone: (470) 463-6682
Plan General Information
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES is $1,473,245,456.00.This plan was established in 1984.
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES is 6784
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES is $217,164.00
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES is $6,577.00.
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES is approximately $2,165.00
Investing in this additonal $2,165.00 for 20 years would give you extra $138,607.00, assuming a 10% annual return.
Investing in this additonal $2,165.00 for 20 years would give you extra $138,607.00, assuming a 10% annual return.
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Total Employer Contribution and Match Rate
In 2023, THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES allocates $14,692,446.00 to match its employees' contributions, providing an employer match rate of 33.56% of their contributions
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES is 10.52%.
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES is 13.07%. This measures the effectiveness of the plan participants' investments in the year.
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES Expense Ratio
In 2023, the investment and administrative expense ratio of THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES is 0.05%.
Enrollment Features
THRIFT & INVESTMENT PLAN OF NORFOLK SOUTHERN CORPORATION AND PARTICIPATING SUBSIDIARY COMPANIES has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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