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Old Dominion Freight Line 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? $525m of the $2.54bn in the Old Dominion Freight Line plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.
The question on the ballot
As filed
Old Dominion Freight Line 401(k) match and balances, from the filing
- Company money in
- about $4,950 per active participant
- $112m in plan year 2024
- Employees saved
- about $6,100 each
- $139m in plan year 2024
- Average balance
- $95,800
- 25,019 people with a balance
- In the plan
- $2.40bn
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 22,714 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.
SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by OLD DOMINION FREIGHT LINE, INC. as “OLD DOMINION 401(K) RETIREMENT PLAN” · EIN 560751714, plan number 002 · search the filings
The Old Dominion Freight Line 401(k) holds $2.54bn. Of the $576m we could identify from the plan’s own filing, 91.1% sits in funds that publish no record of how they voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.
SourceOld Dominion Freight Line’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing
| What the plan holds | Vehicle | Voting record | Value |
|---|---|---|---|
| Old Dominion Freight Line, Inc .listed as “Common Stock” | Employer stock | Voted by the plan trustee | $454m |
| Vanguardlisted as “Institutional 500 Index Trust Unit Class C” | Collective trust or separate account | NONE | $309m |
| Vanguardlisted as “Institutional Total International Stock Market Index Trust Unit Class C” | Collective trust or separate account | NONE | $216m |
| MetWestlisted as “Core Plus Bond Fund (IS Platform)” | Bonds | No shares to vote | $193m |
| Vanguardlisted as “Mid-Cap Index Fund Institutional Plus Shares” | Not identified from the filing | Not counted either way | $133m |
| Empowerlisted as “E I Fixed Account - Series Class V, contract value” | Not identified from the filing | Not counted either way | $125m |
| JP Morganlisted as “Smart Retirement 2035 Fund R5” | Not identified from the filing | Not counted either way | $113m |
| Jennisonlisted as “Large Cap Growth / Jennison Fund” | Not identified from the filing | Not counted either way | $101m |
| Participant Loans ***listed as “5.25 % - 11.5 %, maturing through December 2035” | Participant loans | No shares to vote | $96m |
| JP Morganlisted as “Smart Retirement 2040 Fund R5” | Not identified from the filing | Not counted either way | $93m |
| JP Morganlisted as “Smart Retirement 2045 Fund R5” | Not identified from the filing | Not counted either way | $91m |
| JP Morganlisted as “Smart Retirement 2030 Fund R5” | Not identified from the filing | Not counted either way | $91m |
The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.
Why there is nothing to show
A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.
So the shares bought with Old Dominion Freight Line employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by Old Dominion Freight Line; it is what the disclosure rules currently require, which is to say: nothing.
What you can do
Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.
See how funds that do publish voted →
CoverageWe classified 52.6% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.