Cp 401(k) Savings Plan
Soo Line Railroad Company · Minneapolis, MN · EIN 416009079 · Plan 002 · Form 5500 for plan year 2024
What CPKC put into the plan, per active participant
$939
Canadian Pacific Kansas City Limited put $939 into this plan for each of its 3,053 active participants in plan year 2024. That is the whole employer side, matching money, profit sharing, non-elective and safe-harbor contributions and reallocated forfeitures together, because the Form 5500 reports them on one line, so it is not the match rate.
CPKC put in less per active participant than 64% of plans with 1,000–4,999 participants in transportation and logistics. The middle plan in that group of 274 reported $1,370. Transportation and logistics comes from business code 482110, which Canadian Pacific Kansas City Limited entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much CPKC pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: Form 5500 filing for the plan year ended December 31, 2024, received by the DOL June 27, 2025 · DOL EFAST2 ↗
What the plan cost, per participant
$104.30
The plan paid $104.30 per participant in plan-paid administrative expenses in plan year 2024, more expensive than 62% of plans with 1,000–4,999 participants. The middle plan of that size paid $84.96.
Why a plan this big pays less per person before anything else
Bigger plans pay less per head by construction, because the same negotiated bill divides across more people. That is why this ranking sits inside the plan's own size cohort and is never taken across all plans.
Schedule H reports only what came out of plan assets. Fees the sponsor pays directly, and fees taken inside fund expense ratios, never appear here, so this is a floor and not the all-in cost.
401(k) Monitor Score
37 out of 100
Where this plan stands against plans of its size and industry on two amounts its Form 5500 reports: employer money in per active person, and plan-paid cost per person. It reads no match formula, no vesting schedule and no fund lineup, because a Form 5500 states none of them.
- What the employer put in, per active participant: $939. Lower than 64% of plans with 1,000–4,999 participants in transportation and logistics.
- What the plan cost, per participant: $104. Cheaper than 38% of plans with 1,000–4,999 participants.
On this page: the match and vesting terms · what to check next · every figure on the filing · fees itemised · the plans this one is ranked against · service providers
The match and vesting terms, from a Form 11-K
The match formula and the vesting schedule are stated in a Form 11-K, which is filed only by employers whose plan holds company stock. A Form 5500 reports neither.
What CPKC puts in
Not stated in the filing
Match terms are set by collective-bargaining agreements, so the filing states no single rate for all employees.
Two places state the terms in full: your plan’s Summary Plan Description, which your employer must provide on request, and your recordkeeper’s site, which for this plan is Principal ↗.
What you contribute to collect all of it
Not stated in the filing
The filing does not state the contribution rate that collects the full employer contribution.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants in the Plan are immediately vested in the value of their voluntary contributions, and rollover contributions, if any. Non-union employees (except CMQ U.S.) are immediately vested in their employer matching contributions, plus earnings and losses thereon.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
62nd percentile
$104.30 per participant in plan-paid administrative cost, more expensive than 62% of plans with 1,000–4,999 participants.
The match, vesting and eligibility terms above are read from the Form 11-K filed by Canadian Pacific Kansas City Limited, whose page states the full formula, the vesting schedule and the sentence behind each one.
What to check next
Your own numbers are not on this page
Every figure here is the whole plan for plan year 2024, taken from one filing and divided by headcounts. Your own contribution rate, your balance and the fees taken from your account are on your recordkeeper’s site, which this filing names as Principal ↗. What you may put in during a year is set by the IRS and not by the plan: this year’s limits ↗.
Key figures
| Total plan assets, end of year | $298,695,445 |
|---|---|
| Net assets | $298,690,754 |
| Participants, beginning of year | 3,887 |
| Of which active | 3,053 |
| Plan type | Single employer |
| Size cohortThe peer group we rank fees against. | 1,000–4,999 participants |
| Employer share of the money that went in, plan year 2024The rest came from employees, who put in $15,797,020. The share falls when employees save more, so a plan whose staff contribute heavily reads lower here through no act of the employer. It is printed as a fact and it is not part of the score. | 15% |
Plan-paid administrative expenses
The plan paid $405,400 in administrative expenses in plan year 2024, across 3,887 participants: $104.30 per participant.
| Contract administrator fees | $305,621 |
|---|---|
| Professional fees | not reported in filing |
| Investment management fees | $99,779 |
| Other administrative fees | not reported in filing |
These are plan-paid expenses from Schedule H only. Fees the sponsor pays directly, and fees embedded in fund expense ratios, never appear here. This figure is a floor, not the all-in cost, and a low number is not “free”.
The plans this one is ranked against
Fees on this page are ranked against the 1,000–4,999 participant cohort, where the median plan pays $84.96 per participant. The sponsor files from Minnesota, one of 1,484 plans on file there, at a median of $133.83 per participant. Its business code places the plan in transportation and logistics, one of 1,926 on file, which run to a median of $95.71.
Plans of a similar size in Minnesota
| Plan | Participants | Cost per participant |
|---|---|---|
| Monarch Healthcare 401(k) PlanMonarch Healthcare Management, LLC | 4,782 | $26.34 |
| M. A. Mortenson Company Profit Sharing And Retirement Savings Plan And TrustM. A. Mortenson Company | 3,969 | $88.97 |
| Mayo Clinic Health System 401(A) PlanMayo Clinic Health System - Mankato | 3,891 | $50.34 |
| M. A. Mortenson Company Retirement Savings Plan And Trust For Trade EmployeesM. A. Mortenson Company | 3,874 | $83.19 |
| Api Group, Inc. Safe Harbor 401(k) & Profit Sharing PlanApi Group, Inc. | 3,800 | $62.36 |
Service providers (Schedule C)
Recordkeeper: Principal (as filed: “PRINCIPAL LIFE INSURANCE COMPANY”)
5,239 plans on file name Principal as their recordkeeper, at a median of $170.05 per participant.
| Provider | Service codes | Direct comp. ($) | Indirect comp. ($) |
|---|---|---|---|
| Principal Life Insurance Company | 64, 50, 37, 13 | 317,412 | 0 |
| Rbc Capital Markets LLC | 50, 27 | 99,811 | 189 |
Useful links
- Find a 401(k) you left at an old job ↗
The DOL's Retirement Savings Lost & Found. Free and official.
- Look up this plan's full Form 5500 ↗
The DOL's own filing search. Search by plan or sponsor name.
- Download this plan's data (CSV) ↗
Every field on this page, one row, ready for a spreadsheet.
Source
| Dataset | DOL EFAST2 Form 5500 bulk data (FOIA) |
|---|---|
| Form year | 2024 |
| Filing ACK_ID | 20250627163856NAL0014029376001 |
| Dataset last refreshed | July 28, 2026 |
Bulk dataset at askebsa.dol.gov ↗ · Look up the filing on EFAST2 ↗
Filings lag by design: a plan can file up to 9½ months after its year ends, so this is the newest data on file. Why filings lag
Cite this page
401(k) Monitor, "Cp 401(k) Savings Plan: Form 5500 facts", from DOL EFAST2 filing 20250627163856NAL0014029376001, plan year ended December 31, 2024. 401(k) Monitor Score 37 out of 100 (exact value 36.78).