Industry sector · Form 5500 business code 48xxxx
Transportation and warehousing: retirement plans
Plans whose sponsor entered a business code in this sector on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
2,243 retirement plans in transportation and warehousing with 100 or more participants filed Form 5500 for plan year 2024 (2,010 defined contribution, 233 defined benefit). All Form 5500 pension filers in the group reported 7,000,891 participant records and $610.3B in net assets.
The median defined contribution plan held $32,806 per participant, well below the national median of $53,031, and its employer put in $1,397 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $113 per participant against $123 nationally.
Employers contributed $19.3B and participants $15.5B during the year, and the plans paid out $50.0B in benefits.
In 2009 the same group numbered 2,525 plans with $231.4B; by 2024 it was 2,243 plans (down 11%) and $610.3B (up 164%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $32,806 | $53,031 | $95,245 | $86,234 |
| Employer contributions per active participant | $1,397 | $2,174 | $12,879 | $10,244 |
| Schedule C compensation per participant | $113 | $123 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.26% | 0.43% | 0.42% |
| Administrative expenses per participant | $97.57 | $116 | $650 | $527 |
Medians across plans with 100 or more participants (1,923 DC and 228 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $14,538 | $32,806 | $62,256 | 1,923 |
| Employer contributions per active participant | $621 | $1,397 | $2,685 | 1,841 |
| Schedule C compensation per participant | $51.86 | $113 | $192 | 1,685 |
| Administrative expenses per participant | $37.03 | $97.57 | $182 | 1,883 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 277 | 516,368 | $53.4B | $1.49B | $1.78B | $40,212 | $139 |
| 2024 | 2,243 | 7,000,891 | $610.3B | $19.3B | $15.5B | $32,806 | $113 |
| 2023 | 2,265 | 6,977,468 | $565.6B | $18.0B | $14.2B | $29,755 | $96.94 |
| 2022 | 2,696 | 7,081,945 | $498.0B | $16.6B | $13.1B | $22,259 | $87.42 |
| 2021 | 2,639 | 6,681,063 | $521.6B | $15.3B | $11.4B | $27,180 | $94.82 |
| 2020 | 2,628 | 6,583,222 | $485.5B | $14.4B | $10.4B | $24,699 | $82.94 |
| 2019 | 2,587 | 6,998,387 | $484.7B | $16.6B | $10.8B | $21,829 | $69.34 |
| 2018 | 2,481 | 6,305,050 | $380.3B | $15.8B | $9.49B | $19,168 | $63.94 |
| 2017 | 2,480 | 6,317,149 | $411.1B | $20.9B | $8.66B | $21,394 | $58.17 |
| 2016 | 2,473 | 6,408,553 | $378.2B | $19.4B | $8.31B | $19,270 | $47.16 |
| 2015 | 2,443 | 6,422,869 | $350.4B | $18.2B | $7.72B | $18,113 | $41.66 |
| 2014 | 2,407 | 6,295,029 | $349.4B | $13.3B | $6.94B | $19,457 | $39.78 |
| 2013 | 2,396 | 5,681,598 | $307.3B | $13.1B | $6.36B | $19,118 | $34.62 |
| 2012 | 2,391 | 6,087,869 | $287.2B | $11.3B | $5.88B | $16,504 | $34.34 |
| 2011 | 2,384 | 5,810,508 | $264.3B | $12.4B | $5.62B | $15,329 | $34.15 |
| 2010 | 2,425 | 5,963,310 | $259.5B | $12.8B | $5.21B | $15,627 | $32.63 |
| 2009 | 2,525 | 6,139,623 | $231.4B | $10.2B | $5.12B | $13,979 | $29.27 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 2,244 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 50 largest by participants of 2,244 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Western Conference of Teamsters Pension Plan | Western Conference of Teamsters Pension Trust Fund Board of Trustees | WA | DB | 639,222 | $55.8B | $87,237 | $11,442 | $712 |
| The Teamster - UPS National 401(k) Tax Deferred Savings Plan | Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan | GA | DC | 478,185 | $19.3B | $40,377 | — | $13.33 |
| Central States, Southeast & Southwest Areas Pension Plan | Trustees of Central States, SE and SW Areas Pension Fund | IL | DB | 332,020 | $38.3B | $115,490 | $11,942 | $103 |
| FedEx Corporation Retirement Savings Plan II | FedEx Corporation | TN | DC | 290,909 | $3.52B | $12,085 | $2,081 | $10.47 |
| FedEx Corporation Employees' Pension Plan | FedEx Corporation | TN | DB | 213,710 | $26.9B | $125,665 | $2,428 | $48.01 |
| Pacific Coast Benefits Trust Fund | Board of Trustees, Pacific Coast Benefits Trust Fund | WA | DC | 176,003 | $838M | $4,760 | $642 | $23.94 |
| Teamsters-National 401(k) Savings Plan | Board of Trustees of the Teamsters- National 401(k) Savings Plan Trust | PA | DC | 164,679 | $1.48B | $8,958 | $168 | $16.45 |
| FedEx Corporation Retirement Savings Plan | FedEx Corporation | TN | DC | 144,332 | $25.4B | $175,831 | $2,562 | $56.64 |
| UPS 401(k) Savings Plan | United Parcel Service of America, Inc. | GA | DC | 134,811 | $14.2B | $105,245 | $7,375 | $107 |
| American Airlines, Inc. 401(k) Plan | American Airlines, Inc. - Retirement | TX | DC | 114,149 | $16.2B | $141,842 | $4,477 | $82.11 |
| Delta 401(k) Retirement Plan | Delta Air Lines, Inc. | GA | DC | 112,027 | $19.0B | $169,469 | $6,730 | $106 |
| Ups/ibt Full-Time Employee Pension Plan | Board of Trustees of the Ups/ibt Full-Time Pension Plan | GA | DB | 102,332 | $12.2B | $119,410 | $9,225 | $26.36 |
| United Airlines 401(k) Savings Plan | United Airlines, Inc. | IL | DC | 88,204 | $10.3B | $116,607 | $2,404 | $31.88 |
| Southwest Airlines Co. Retirement Savings Plan | Southwest Airlines Co. | TX | DC | 87,150 | $18.9B | $216,487 | $6,237 | $41.39 |
| Delta Retirement Plan | Delta Air Lines, Inc. | GA | DB | 81,907 | $7.25B | $88,455 | — | $17.38 |
| New England Teamsters Pension Fund | New England Teamsters Pension Fund | MA | DB | 71,322 | $9.08B | $127,370 | $18,951 | $93.97 |
| First Student, Inc. Retirement Savings Plan | Firstgroup America, Inc. | OH | DC | 51,842 | $328M | $6,330 | $130 | $5.22 |
| Ryder System, Inc. 401(k) Savings Plan | Ryder System, Inc. | GA | DC | 51,723 | $2.66B | $51,353 | $1,031 | $23.80 |
| Northwest Airlines Pension Plan for Contract Employees | Delta Air Lines, Inc. | GA | DB | 42,802 | $3.95B | $92,345 | $2,189 | $8.97 |
| Supplemental Income 401(k) Plan | Board of Trustees of Supplemental Income Trust Fund | CA | DC | 40,848 | $1.87B | $45,668 | $1,069 | $149 |
| Supply Chain Retirement Savings Plan | Exel Inc. | OH | DC | 39,585 | $1.21B | $30,677 | $1,363 | $20.13 |
| J.B. Hunt Transport Services, Inc. Employee Retirement Plan | J.B. Hunt Transport Services, Inc. | AR | DC | 37,454 | $1.58B | $42,242 | $1,097 | $51.12 |
| Knight-Swift Transportation Holdings, Inc. Retirement Plan | Knight-Swift Transportation Holdings Inc. | AZ | DC | 36,328 | $1.02B | $28,053 | $1,082 | $65.17 |
| The Retirement Benefit Plan of American Airlines, Inc. for Employees Represented by the Transport Workers Union of America, AFL-CIO | American Airlines, Inc. - Retirement | TX | DB | 35,547 | $4.26B | $119,726 | $5,445 | $39.61 |
| BNSF Railway Company Non-Salaried Employees 401(k) Retirement Plan | BNSF Railway Company | TX | DC | 33,118 | $4.79B | $144,509 | $456 | $10.01 |
| United Airlines Flight Attendant 401(k) Plan | United Airlines, Inc. | IL | DC | 32,849 | $5.32B | $162,103 | $3,067 | $30.28 |
| New York State Teamsters Conference Pension & Retirement Fund | Trustees of Nys Teamsters Conference | NY | DB | 32,657 | $2.82B | $86,362 | $17,066 | $139 |
| Union Pacific Agreement Employee 401(k) Retirement Thrift Plan | Union Pacific Railroad Company | NE | DC | 32,031 | $2.39B | $74,609 | $52 | $54.23 |
| Reyes Holdings Retirement Plan | Reyes Holdings, L.L.C. | IL | DC | 28,836 | $2.11B | $73,089 | $2,813 | $62.20 |
| Envoy Air Inc. 401(k) Plan | Envoy Air Inc. | TX | DC | 27,975 | $744M | $26,598 | $919 | $50.13 |
| Jetblue Airways Retirement Plan | Jetblue Airways Corporation | NY | DC | 27,448 | $5.45B | $198,450 | $10,456 | $89.23 |
| Central Pennsylvania Teamsters Defined Benefit Plan | Central Pennsylvania Teamsters Pension Fund, Trustees | PA | DB | 25,602 | $1.49B | $58,095 | $18,476 | $187 |
| Ilwu-Pma Pension Plan | Trustees of Ilwu-Pma Pension Plan | CA | DB | 25,317 | $10.7B | $423,068 | $26,518 | $758 |
| The Retirement Benefit Plan of American Airlines, Inc. for Agent, Management, Specialist, Support Personnel and Officers | American Airlines, Inc. - Retirement | TX | DB | 24,831 | $2.66B | $107,055 | $15,520 | $83.83 |
| Teamsters Pension Trust Fund of Philadelphia & Vic | Board of Trustees of Teamsters Pension Trust Fund of Philadelphia & VI | NJ | DB | 24,600 | $2.48B | $100,749 | $20,914 | $520 |
| Old Dominion 401(k) Retirement Plan | Old Dominion Freight Line, Inc. | NC | DC | 23,909 | $2.60B | $108,705 | $4,562 | $139 |
| Gxo Logistics 401(k) Plan | Gxo Enterprise Services, LLC | CT | DC | 23,412 | $438M | $18,719 | $998 | $40.41 |
| CSX Corporation Capital Builder Plan | CSX Corporation | FL | DC | 22,902 | $1.54B | $67,078 | $366 | $120 |
| The Retirement Benefit Plan of American Airlines, Inc. for Flight Attendants | American Airlines, Inc. - Retirement | TX | DB | 22,717 | $2.55B | $112,089 | $5,809 | $80.43 |
| Piedmont Airlines Inc. Employee Savings Plan | Piedmont Airlines, Inc. | MD | DC | 22,644 | $225M | $9,958 | $273 | $17.49 |
| R&L Carriers, Inc. 401(k) Retirement Savings Plan | R&L Carriers, Inc. | OH | DC | 22,449 | $472M | $21,042 | $608 | $23.13 |
| Xpo Logistics, Inc. 401(k) Plan | Xpo Logistics, Inc. | CT | DC | 21,537 | $715M | $33,213 | $1,731 | $40.18 |
| Estes Express Lines 401(k) Retirement Plan | Estes Express Lines | VA | DC | 21,498 | $866M | $40,290 | $1,414 | $57.86 |
| Amtrak's Retirement Savings Plan for Agreement Employees | National Railroad Passenger Corporation | DC | DC | 21,445 | $974M | $45,408 | $0 | $42.94 |
| International Brotherhood of Teamsters Union Local 710 Pension Fund | Trustees of I.B. of T. Union Local 710 Pension Fund | IL | DB | 21,316 | $4.77B | $224,004 | $27,300 | $656 |
| Xpo Pension Plan | Xpo CNW, Inc. | OR | DB | 20,788 | $1.43B | $68,783 | — | $288 |
| United Airlines Pilot Retirement Account Plan | United Airlines, Inc. | IL | DC | 20,168 | $16.8B | $833,178 | $42,476 | $1,183 |
| Ilwu-Pma Savings (401(K)) Plan | Pacific Maritime Association | CA | DC | 19,810 | $3.44B | $173,649 | $1,873 | $9.52 |
| Skywest, Inc. Employees' Retirement Plan | Skywest, Inc. | UT | DC | 19,619 | $1.68B | $85,565 | $4,203 | $44.22 |
| Geodis USA Retirement Plan | Geodis Logistics, LLC | TN | DC | 19,379 | $341M | $17,612 | $689 | $47.79 |
By plan size
By state
Business codes in this sector
Codes with 20 or more plans of 100+ participants in plan year 2024. Labels are from the official Form 5500 instructions.
Questions and answers
How many retirement plans are there in transportation and warehousing?
2,243 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 3,419 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in transportation and warehousing?
The median defined contribution plan reported $32,806 in net assets per participant (middle half of plans: $14,538 to $62,256); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in transportation and warehousing?
The median defined contribution plan received $1,397 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in transportation and warehousing?
Among defined contribution plans that report any Schedule C compensation, the median was $113 per participant and 0.33% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.