Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Hess Corporation Employees' Savings Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Hess Corporation · Texas · Manufacturing

What the 2023 filing shows

Hess Corporation Employees' Savings Plan holds $904M for 1,409 participants — about $641,339 per participant, down 5.9% over the 2022 plan year.

$904M
total plan assets (2022 EOY)
1,409
covered participants
$641,339
avg assets per participant
-5.9%
assets change YoY

The plan reported a net loss of $58M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$904M
Participants
1,409
State
Industry
Manufacturing

What the Filing Says About Hess Corporation Employees' Savings Plan

Hess Corporation Employees' Savings Plan is a Profit Sharing retirement plan sponsored by Hess Corporation, headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $904M in total end-of-year assets and covers 1,409 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 134921002, and the plan has been effective since 1972-02-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $960M at the beginning of 2022 to $904M at year-end — a decline of 5.9%. Net assets (after liabilities) closed the year at $903M, with reported net income of $-57,758,644 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$960M
Total Assets (End of Year)$904M
Net Assets (End of Year)$903M
Net Income$-57,758,644
Plan TypeProfit Sharing
Employer EIN134921002
Plan Effective Date1972-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hess Corporation)

Year Plans Participants Total Assets
2022 3 2,731 $2.9B
2023 2 2,811 $2.9B
2024 2 3,021 $3.0B

Nearby Profit Sharing Plans in Texas

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Hess Corporation Employees' Savings Plan?
As of the 2022 Form 5500 filing, Hess Corporation Employees' Savings Plan holds $904M in total assets with 1,409 participants. It is sponsored by Hess Corporation.
What type of plan is Hess Corporation Employees' Savings Plan?
Hess Corporation Employees' Savings Plan is a Profit Sharing plan. It has been effective since 1972-02-01. The plan is filed with the U.S. Department of Labor under EIN 134921002.
Who sponsors the Hess Corporation Employees' Savings Plan?
Hess Corporation Employees' Savings Plan is sponsored by Hess Corporation, located in Texas. The sponsor's EIN is 134921002 and the plan operates in the Manufacturing industry.
How did Hess Corporation Employees' Savings Plan perform in 2022?
Hess Corporation Employees' Savings Plan declined by 5.9% during 2022, moving from $960M to $904M in total assets. Net income was $-57,758,644.
Where can I find official filings for Hess Corporation Employees' Savings Plan?
Official Form 5500 filings for Hess Corporation Employees' Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 134921002 or plan name at efast.dol.gov.
How does Hess Corporation Employees' Savings Plan compare to other plans?
You can compare Hess Corporation Employees' Savings Plan against other Profit Sharing plans on the plan type page, or view plans in Texas on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 134921002.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.