Grand Trunk Corporation 401(k) Review & Grade
Canadian National Railway Company Savings Plan for U.S. Operations
Homewood, ILTransportation & Warehousing7,110 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,486Employer $ per active participant
$5,495Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$767.3MNet plan assets, end of year
$114,435Average balance per account
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 66th |
| Employee saving | 64th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Grand Trunk put in about $1,486 per active participant, below the typical peer ($1,834). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $10,563,547 |
| Participant (employee) contributions | $39,072,987 |
| Other contributions (incl. rollovers in) | $1,562,433 |
| Administrative expenses paid from the plan | $552,485 |
| Contract administrator fees | $7,500 |
| Investment advisory & management fees | $50,000 |
| Other admin expenses | $164,931 |
| Benefits paid out | $64,865,498 |
| Net assets, start / end of year | $696.6M / $767.3M |
| Active participants, start / end of year | 6,931 / 7,289 |
| Participants with account balances | 6,705 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG LLP |
| Employer stock held by plan | $35,769,911 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $387,554 reported compensation |
| Feldman, Ingardona | $50,000 reported compensation |
| Aon Investments USA Inc. | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729160054NAL0004244896001, received 2025-07-29, EIN 13-2673944, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.