Oregon › Transportation and warehousing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Xpo Pension Plan
Sponsored by Xpo CNW, Inc., Portland, OR
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.
Xpo CNW, Inc. of Portland, Oregon sponsors Xpo Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 20,788 participants (3,810 active) and $1.43B in net assets.
Net assets came to $68,783 per participant, well below the $87,623 median for defined benefit plans with 5,000 to 24,999 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 11 service provider organisations paid $5,000 or more, with reported compensation of $6.0M: $288 per participant, above the same-size median of $232. Administrative expenses charged to the plan were $8.5M. 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 $940M in 2009 to $1.43B in 2024 (up 52%), and participants from 29,152 to 20,788 (down 29%).
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 | $68,783 | $87,623 | $94,853 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $12,821 | $10,244 |
| Schedule C compensation per participant | $288 | $232 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.42% | 0.30% | 0.43% | 0.42% |
| Administrative expenses per participant | $409 | $396 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 20,788 | $1.43B | $68,783 | — | — | $6.0M |
| 2023 | 22,290 | $1.54B | $69,300 | — | — | $4.8M |
| 2022 | 22,519 | $1.51B | $67,148 | — | — | $4.9M |
| 2021 | 22,770 | $2.05B | $90,081 | — | — | $7.5M |
| 2020 | 23,045 | $2.11B | $91,391 | — | — | $5.3M |
| 2019 | 23,409 | $1.91B | $81,509 | — | — | $1.8M |
| 2018 | 23,645 | $1.62B | $68,720 | — | — | $0 |
| 2017 | 22,799 | $1.77B | $77,656 | — | — | $0 |
| 2016 | 26,361 | $1.66B | $63,069 | — | — | $0 |
| 2015 | 26,633 | $1.58B | $59,418 | — | — | $0 |
| 2014 | 26,896 | $1.69B | $62,917 | $30.0M | — | $0 |
| 2013 | 27,300 | $1.51B | $55,215 | $134M | — | $0 |
| 2012 | 27,669 | $1.28B | $46,085 | $63.7M | — | $0 |
| 2011 | 28,067 | $1.09B | $38,914 | $52.8M | — | $0 |
| 2010 | 28,459 | $1.07B | $37,519 | $52.3M | — | $0 |
| 2009 | 29,152 | $940M | $32,244 | $88.5M | — | $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$1,544,696,373
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$19,219,124
- Benefits paid$125,558,369
- Administrative expenses$8,506,436
- Total expenses$134,064,805
- Net income−$114,845,681
- Net transfers$0
- Net assets, end of year$1,429,850,692
Participants
- Active participants3,810
- Retired or separated, receiving benefits10,889
- Retired or separated, entitled to future benefits3,740
- Total participants, end of year20,788
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Fidelity Investments Institutional | — | $1,581,442 | $0 |
| Pacific Investment Management Co. | Investment management | $1,326,853 | $0 |
| Western Asset Management Company | Investment management | $682,081 | $0 |
| Mercer | Actuarial; Consulting (general) | $570,546 | $0 |
| Arrowstreet Capital LP | Investment management | $499,035 | $0 |
| Dodge & Cox | Investment management | $400,857 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $397,058 | $0 |
| Capital International Inc. | Investment management | $360,962 | $0 |
| Lazard Asset Management LLC | Investment management | $135,418 | $0 |
| Seyfarth Shaw LLP | — | $19,759 | $0 |
| State Street Research & MGT Co. | Investment management | $7,950 | $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$5,664,447
- Contract administrator fees$1,582,642
- Actuarial fees$570,546
- Trustee and custodial fees$397,058
- Other administrative expenses$271,985
- Legal fees$19,758
- Total administrative expenses$8,506,436
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.
- Corporate debt instruments$830M · 55.1%
- U.S. Government securities$365M · 24.3%
- Common/collective trusts$119M · 7.9%
- Other investments$85.6M · 5.7%
- Receivables$67.4M · 4.5%
- Corporate stocks$20.0M · 1.3%
- Registered investment companies (mutual funds)$11.4M · 0.8%
- Cash (interest and non-interest bearing)$6.4M · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmKBF CPAS - Audit, LLP
- Participant contributions reported as transmitted lateNo
- 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
1ABenefits are primarily pay related1DFloor-offset plan1ECode section 401(h) arrangement1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.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 488990: Other Support Activities for Transportation.
Other plans of Xpo CNW, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Xpo Logistics Retirement Savings Plan | 8,107 | $1.89B |
Similar plans in Oregon
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Inlandboatmen's Union of the Pacific National Pension Plan | Board of Trustees, Ibu of the Pacific National | 4,899 | $299M | $61,119 |
| All Alaska Longshore Pension Plan | Bot,all Ak Longshore Pension Fund | 659 | $124M | $187,926 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Xpo Pension Plan?
20,788 participants at the end of the plan year ending 31 Dec 2024, of whom 3,810 were active employees, with net assets of $1,429,850,692. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Xpo CNW, Inc. 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 $5,981,961 in compensation to service provider organisations, $288 per participant or 0.42% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $8,506,436. 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 Xpo CNW, Inc.. Investment advisory or management: Pacific Investment Management Co., Western Asset Management Company and Arrowstreet Capital LP. Trustee or custodian: Northern Trust Company. The financial statements were audited by KBF CPAS - Audit, 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 15 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 94-1444798, plan 005, received 15 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.