Pennsylvania › Transportation and warehousing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Aug 2024 to 31 Jul 2025
Supplemental Pension Plan of Consolidated Rail Corporation
Sponsored by Consolidated Rail Corporation, Philadelphia, PA
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Supplemental Pension Plan of Consolidated Rail Corporation is a defined benefit pension plan sponsored by Consolidated Rail Corporation of Philadelphia, Pennsylvania. For the plan year ending 31 Jul 2025 it reported 3,905 participants, 138 of them active, and net assets of $264M.
Net assets came to $67,699 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $94,853 median for defined benefit plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $688K: $176 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $1.1M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $403M in 2009 to $264M in 2024 (down 34%), and participants from 9,232 to 3,905 (down 58%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $67,699 | $87,935 | $94,853 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $12,821 | $10,244 |
| Schedule C compensation per participant | $176 | $325 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.26% | 0.41% | 0.43% | 0.42% |
| Administrative expenses per participant | $285 | $513 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), transportation and warehousing (227) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 3,905 | $264M | $67,699 | — | — | $688K |
| 2023 | 4,129 | $276M | $66,923 | — | — | $685K |
| 2022 | 4,351 | $281M | $64,662 | — | — | $719K |
| 2021 | 4,604 | $308M | $66,836 | — | — | $874K |
| 2020 | 4,903 | $387M | $78,886 | — | — | $828K |
| 2019 | 5,327 | $335M | $62,902 | — | — | $906K |
| 2018 | 5,707 | $366M | $64,063 | — | — | $929K |
| 2017 | 6,037 | $393M | $65,088 | — | — | $767K |
| 2016 | 6,408 | $402M | $62,801 | — | — | $842K |
| 2015 | 6,821 | $398M | $58,422 | — | — | $746K |
| 2014 | 7,279 | $435M | $59,762 | $1.4M | — | $790K |
| 2013 | 7,649 | $462M | $60,409 | $15.6M | — | $785K |
| 2012 | 7,963 | $445M | $55,882 | $19.5M | — | $764K |
| 2011 | 8,366 | $411M | $49,093 | $45.3M | — | $830K |
| 2010 | 8,811 | $401M | $45,475 | $1.5M | — | $813K |
| 2009 | 9,232 | $403M | $43,672 | — | — | $994K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$276,327,498
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$17,051,678
- Benefits paid$27,903,291
- Administrative expenses$1,111,882
- Total expenses$29,015,173
- Net income−$11,963,495
- Net transfers$0
- Net assets, end of year$264,364,003
Participants
- Active participants138
- Retired or separated, receiving benefits2,329
- Retired or separated, entitled to future benefits345
- Total participants, end of year3,905
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Retirement Horizons, Inc. | Plan Administrator | $342,651 | $0 |
| Northern Trust | Trustee (bank, trust company, or similar financial institution) | $243,516 | $0 |
| PricewaterhouseCoopers LLP | Actuarial | $54,028 | $0 |
| Insero | Accounting (including auditing) | $32,700 | $0 |
| BlackRock | Trustee (bank, trust company, or similar financial institution) | $14,631 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$420,136
- Contract administrator fees$342,651
- Trustee and custodial fees$258,147
- Actuarial fees$54,028
- IQPA audit fees$32,700
- Investment advisory and management fees$4,220
- Total administrative expenses$1,111,882
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$264M · 99.8%
- Receivables$428K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmInsero & Co. CPAS, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 482110: Rail Transportation.
Other plans of Consolidated Rail Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Consolidated Rail Corporation Agreement Employees' Savings Plan | 921 | $54.5M |
| The Conrail Retirement Savings Plan | 195 | $22.6M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Central Pennsylvania Teamsters Defined Benefit Plan | Central Pennsylvania Teamsters Pension Fund, Trustees | 25,602 | $1.49B | $58,095 |
| Southwestern Pennsylvania & Western Maryland Area Teamsters & Employers Pension Fund | BD of Trust SW. PA & W. Md. Area Teamsters & Employers Pension Fund | 2,598 | $150M | $57,874 |
| Teamsters Local 830 Pension Plan | Teamsters Local 830 Pension Plan | 2,247 | $188M | $83,790 |
| Warehouse Employees Union Local 169 and Employers Joint Pension Fund | Warehouse Employees Union Local 169 and Employers Joint Pension Fund | 2,118 | $43.0M | $20,321 |
| Teamsters Local Union No. 115 Pension Plan | Teamsters Local Union NO.115 Pension Plan | 2,097 | $131M | $62,268 |
| Local 837 Pension Plan | Local 837 Pension Plan Board of Trustees | 1,298 | $20.4M | $15,748 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Supplemental Pension Plan of Consolidated Rail Corporation?
3,905 participants at the end of the plan year ending 31 Jul 2025, of whom 138 were active employees, with net assets of $264,364,003. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Consolidated Rail Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $687,526 in compensation to service provider organisations, $176 per participant or 0.26% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,111,882. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Consolidated Rail Corporation. Recordkeeping or administration: Retirement Horizons, Inc.. Trustee or custodian: Northern Trust and BlackRock. The financial statements were audited by Insero & Co. CPAS, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Aug 2024 to 31 Jul 2025, received by the Department of Labor on 15 May 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 23-1989084, plan 001, received 15 May 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.