Florida › Transportation and warehousing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
CSX Corporation Capital Builder Plan
Sponsored by CSX Corporation, Jacksonville, FL
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.
CSX Corporation Capital Builder Plan is an ESOP with a 401(k) feature sponsored by CSX Corporation of Jacksonville, Florida. For the plan year ending 31 Dec 2024 it reported 22,902 participants, 19,459 of them active, and net assets of $1.54B. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $67,078 per participant, close to the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $32,883 median for defined contribution 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.
The employer contributed $7.1M during the year, or $366 per active participant against a same-size median of $2,424; participants contributed $46.9M and $2.5M arrived as rollovers and other contributions. Benefits paid out totalled $119M.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $2.7M: $120 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $2.2M. 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 $701M in 2009 to $1.54B in 2024 (up 119%), and participants from 29,793 to 22,902 (down 23%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $67,078 | $64,499 | $32,883 | $53,102 |
| Employer contributions per active participant | $366 | $2,424 | $1,396 | $2,175 |
| Schedule C compensation per participant | $120 | $53.38 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.18% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $95.58 | $54.85 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), transportation and warehousing (1,909) and all US plans (63,460). 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 | 22,902 | $1.54B | $67,078 | $7.1M | $46.9M | $2.7M |
| 2023 | 23,963 | $1.51B | $63,201 | $5.0M | $46.3M | $2.9M |
| 2022 | 24,298 | $1.37B | $56,231 | $6.6M | $39.4M | $2.8M |
| 2021 | 23,487 | $1.66B | $70,679 | $5.0M | $37.4M | $3.0M |
| 2020 | 23,674 | $1.46B | $61,628 | $9.0M | $36.3M | $3.1M |
| 2019 | 24,492 | $1.44B | $58,675 | $8.5M | $38.3M | $2.7M |
| 2018 | 25,259 | $1.29B | $50,949 | $9.4M | $41.5M | $3.5M |
| 2017 | 27,235 | $1.32B | $48,338 | $8.3M | $39.0M | $3.1M |
| 2016 | 28,453 | $1.05B | $36,875 | $6.6M | $38.7M | $2.7M |
| 2015 | 29,360 | $902M | $30,716 | $10.4M | $45.3M | $3.0M |
| 2014 | 29,561 | $1.09B | $36,983 | $12.2M | $41.7M | $2.5M |
| 2013 | 28,456 | $978M | $34,362 | $9.9M | $39.3M | $2.0M |
| 2012 | 27,660 | $779M | $28,180 | $8.5M | $40.7M | $1.7M |
| 2011 | 26,300 | $774M | $29,440 | $7.5M | $36.9M | $2.1M |
| 2010 | 27,304 | $819M | $29,981 | $8.9M | $32.0M | $2.0M |
| 2009 | 29,793 | $701M | $23,544 | $9.7M | $31.2M | $2.1M |
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$1,514,482,851
- Employer contributions$7,113,688
- Participant contributions$46,885,667
- Rollovers and other contributions$2,541,365
- Total contributions$56,540,720
- Total income, including investment results$144,448,488
- Benefits paid$119,413,733
- Administrative expenses$2,188,953
- Total expenses$122,404,166
- Net income$22,044,322
- Net transfers−$314,507
- Net assets, end of year$1,536,212,666
Participants
- Active participants19,459
- Retired or separated, receiving benefits981
- Retired or separated, entitled to future benefits2,138
- Participants with account balances15,201
- Total participants, end of year22,902
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Advisory Services | Investment advisory (participants) | $973,736 | $0 |
| Empower Annuity Insurance Company | Recordkeeping and information management; Participant loan processing | $580,011 | $0 |
| Northern Trust Company | Custodial (securities); Trustee (bank, trust company, or similar financial institution); Securities brokerage | $275,770 | $0 |
| Loomis Sayles & Company | Investment advisory (plan) | $0 | $273,582 |
| Dodge & Cox | Investment advisory (plan) | $0 | $185,460 |
| Morgan Stanley Investment Manage | Investment advisory (plan) | $0 | $176,267 |
| Wellington Management Co. LLP | Investment advisory (plan) | $0 | $128,627 |
| Holland & Knight | Investment advisory (plan) | $0 | $64,056 |
| Ernst & Young | Accounting (including auditing) | $60,270 | $0 |
| Jones Day Reavis & Pogue | Investment advisory (plan) | $0 | $16,525 |
| Qdro Consultants Company, LLC | Consulting (general) | $12,000 | $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
- Investment advisory and management fees$973,736
- Other administrative expenses$635,206
- Recordkeeping fees$580,011
- Total administrative expenses$2,188,953
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$1.49B · 96.8%
- Participant loans$48.9M · 3.2%
- Receivables$717K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmErnest and Young
- Participant contributions reported as transmitted lateYes, $26,157
- Covered by a fidelity bondYes, $10,000,000
- 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
2AAge/service weighted or new comparability or similar plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2OESOP other than a leveraged ESOP2TTotal or partial participant-directed account plan with a default investment account3HPlan sponsor(s) is (are) a member(s) of a controlled group3IPlan requiring that all or part of employer contributions be invested and held in employer securities3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 482110: Rail Transportation.
Other plans of CSX Corporation
| Plan | Participants | Net assets |
|---|---|---|
| CSX Pension Plan | 14,948 | $2.29B |
| CSX Corporation 401(k) Plan | 5,563 | $1.54B |
Similar plans in Florida
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| DHL Retirement Savings Plan | DPWN Holdings USA, Inc. | 15,935 | $1.36B | $85,452 |
| Southern States Savings & Retirement Plan Trust | Southern States Savings & Retirement Plan Trust | 13,898 | $193M | $13,853 |
| Agi-Cfi Holdings, Inc. 401(k) Plan | Agi-Cfi Holdings, Inc. | 10,064 | $34.3M | $3,409 |
| Spirit Airlines, Inc. Employee Retirement Savings Plan | Spirit Airlines, Inc. | 9,771 | $296M | $30,273 |
| Royal Caribbean Cruises Ltd. Ret. Savings Plan | Royal Caribbean Cruises Ltd. | 6,449 | $926M | $143,570 |
| Signature Aviation | Signature Aviation | 6,415 | $304M | $47,459 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is CSX Corporation Capital Builder Plan?
22,902 participants at the end of the plan year ending 31 Dec 2024, of whom 19,459 were active employees, with net assets of $1,536,212,666. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does CSX Corporation contribute per participant?
The filing reports $7,113,688 in employer contributions for the year, which is $366 per active participant; the median for plans of the same type and size was $2,424 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $2,746,304 in compensation to service provider organisations, $120 per participant or 0.18% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $2,188,953. 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 CSX Corporation. Recordkeeping or administration: Empower Annuity Insurance Company. Investment advisory or management: Empower Advisory Services, Loomis Sayles & Company and Dodge & Cox. Trustee or custodian: Northern Trust Company. The financial statements were audited by Ernest and Young. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 8 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 62-1051971, plan 004, received 8 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.