Soo Line Railroad Company 401(k) Review & Grade
CP 401(k) Savings Plan
Minneapolis, MNTransportation & Warehousing3,076 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$932Employer $ per active participant
$5,136Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$298.7MNet plan assets, end of year
$85,316Average balance per account
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 43th |
| Employee saving | 61th |
| 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
- Soo Line Railroad put in about $932 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 | $2,865,442 |
| Participant (employee) contributions | $15,797,020 |
| Other contributions (incl. rollovers in) | $5,366,203 |
| Administrative expenses paid from the plan | $405,400 |
| Contract administrator fees | $305,621 |
| Investment advisory & management fees | $99,779 |
| Benefits paid out | $23,566,792 |
| Net assets, start / end of year | $239.6M / $298.7M |
| Active participants, start / end of year | 3,098 / 3,053 |
| Participants with account balances | 3,501 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
| Employer stock held by plan | $5,152,026 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $317,412 reported compensation |
| RBC Capital Markets LLC | $100,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627163856NAL0014029376001, received 2025-06-27, EIN 41-6009079, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.