Illinois › Management of companies (holding companies) › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Gatx Corporation Noncontributory Pension Plan for Hourly Employees
Sponsored by Gatx Corporation, Chicago, IL
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.
Gatx Corporation Noncontributory Pension Plan for Hourly Employees is a defined benefit pension plan sponsored by Gatx Corporation of Chicago, Illinois. For the plan year ending 31 Dec 2024 it reported 1,554 participants, 415 of them active, and net assets of $74.2M.
Net assets came to $47,748 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $94,230 median for defined benefit plans in management of companies (holding companies). 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 4 service provider organisations paid $5,000 or more, with reported compensation of $520K: $335 per participant, close to the same-size median of $325. Administrative expenses charged to the plan were $679K. 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 $83.0M in 2009 to $74.2M in 2024 (down 11%), and participants from 2,412 to 1,554 (down 36%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $47,748 | $87,935 | $94,230 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $14,787 | $10,244 |
| Schedule C compensation per participant | $335 | $325 | $326 | $344 |
| Schedule C compensation, share of net assets | 0.70% | 0.41% | 0.39% | 0.42% |
| Administrative expenses per participant | $437 | $513 | $519 | $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), management of companies (holding companies) (97) 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 | 1,554 | $74.2M | $47,748 | — | — | $520K |
| 2023 | 1,524 | $77.5M | $50,835 | — | — | $539K |
| 2022 | 1,520 | $74.5M | $49,022 | — | — | $524K |
| 2021 | 1,539 | $102M | $66,306 | — | — | $503K |
| 2020 | 1,558 | $103M | $66,061 | — | — | $535K |
| 2019 | 1,555 | $95.1M | $61,141 | — | — | $507K |
| 2018 | 1,581 | $82.0M | $51,891 | — | — | $667K |
| 2017 | 1,990 | $98.1M | $49,308 | — | — | $549K |
| 2016 | 2,173 | $94.0M | $43,249 | — | — | $0 |
| 2015 | 2,219 | $90.8M | $40,935 | — | — | $0 |
| 2014 | 2,243 | $99.6M | $44,404 | — | — | $0 |
| 2012 | 2,274 | $94.3M | $41,452 | — | — | $0 |
| 2011 | 2,300 | $88.8M | $38,607 | — | — | $0 |
| 2010 | 2,365 | $91.1M | $38,512 | $4.7M | — | $0 |
| 2009 | 2,412 | $83.0M | $34,414 | $5.0M | — | $0 |
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$77,472,384
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$1,934,014
- Benefits paid$4,526,788
- Administrative expenses$679,444
- Total expenses$5,206,232
- Net income−$3,272,218
- Net transfers$0
- Net assets, end of year$74,200,166
Participants
- Active participants415
- Retired or separated, receiving benefits550
- Retired or separated, entitled to future benefits411
- Total participants, end of year1,554
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Consulting | Actuarial | $385,457 | $0 |
| Aon Investments USA Inc. | Consulting (pension) | $77,449 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $50,990 | $0 |
| Morgan Lewis & Bockius LLP | Legal | $6,566 | $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
- Actuarial fees$385,457
- Other administrative expenses$154,134
- Investment advisory and management fees$82,297
- Trustee and custodial fees$50,990
- Legal fees$6,566
- Total administrative expenses$679,444
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.
- Common/collective trusts$74.2M · 100.0%
- Receivables$8,768 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmErnst & Young LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $25,000,000
- Blackout period during the yearNo
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
1BBenefits are primarily flat dollar (includes dollars per year of service)3HPlan 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 551112: Offices of Other Holding Companies.
Other plans of Gatx Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Gatx Corporation Noncontributory Pension Plan for Salaried Employees | 1,985 | $227M |
| Gatx Corporation Salaried Employees Retirement Savings Plan | 1,056 | $240M |
| Gatx Corporation Hourly Employees Retirement Savings Plan | 790 | $23.6M |
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Gatx Corporation Noncontributory Pension Plan for Salaried Employees | Gatx Corporation | 1,985 | $227M | $114,264 |
| The Baltimore Sun Company Employees' Retirement Plan | Tribune Media Company | 1,287 | $53.6M | $41,680 |
| Cna Retirement Plan | Continental Casualty Company | 5,741 | $849M | $147,808 |
| Henry Crown and Company Pension Plan | Henry Crown & Company S LLC | 765 | $159M | $207,734 |
| Tribune Media Company Retirement Plan | Tribune Media Company | 15,861 | $1.09B | $68,603 |
| Amersham Health Inc. Puerto Rico Pension Plan | GE Healthcare USA Holding LLC | 279 | $10.9M | $39,210 |
Defined benefit plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Gatx Corporation Noncontributory Pension Plan for Hourly Employees?
1,554 participants at the end of the plan year ending 31 Dec 2024, of whom 415 were active employees, with net assets of $74,200,166. 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 Gatx 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 $520,462 in compensation to service provider organisations, $335 per participant or 0.70% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $679,444. 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 Gatx Corporation. Trustee or custodian: Northern Trust Company. The financial statements were audited by Ernst & Young 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 2 Oct 2025. 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 36-1124040, plan 003, received 2 Oct 2025; 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.