401(k) · DOL Form 5500 · 2022

Piedmont Cheerwine Bottling Company 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
335
Participants Below avg headcount
72nd
Percentile by assets National rank
$43,375
Avg per participant Low balance/head
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Official DOL plan name: Cheerwine 401(k) Profit Sharing Plan · Sponsored by Piedmont Cheerwine Bottling Company · North Carolina · Manufacturing

$15M in assets, 335 participants

Piedmont Cheerwine Bottling Company's Cheerwine 401(k) Profit Sharing Plan reported $15M in total assets and 335 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #12,627 in Manufacturing (20,602 peers)

Coverage in North Carolina

Cheerwine 401(k) Profit Sharing Plan covers 335 participants in North Carolina, about 41% of the average North Carolina filer (state average ~819 per filing). Assets: $15M.

#12,627
in Manufacturing (20,602 peers)
-14.9%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Cheerwine 401(k) Profit Sharing Plan's outsized position by total assets

Cheerwine 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$14,530,585 Top 28% higher than 72% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Cheerwine 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cheerwine 401(k) Profit Sharing Plan sits mid-pack in the medium band (335 participants).

Form 5500 schedule snapshot

Filing strip 560887444 · Piedmont Cheerwine Bottling Company PY 2022 · 401(k)

Cheerwine 401(k) Profit Sharing Plan · $15M · 335 · 72nd

  • EOY $15M
  • EOY 335
  • EOY 72nd
  • EOY 401(k)
  • EOY near Specialty Dental Brands 401(k) Plan
  • EOY ind #12627

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in North Carolina →

Cheerwine 401(k) Profit Sharing Plan in the asset neighbourhood

Cheerwine 401(k) Profit Sharing PlanCheerwine 401(k) Profit Shar…$15MSpecialty Dental Brands 401(k) PlanSpecialty Dental Brands 401(…$15MOrbix Dba Petol Gearench 401(k) Retirement PlanOrbix Dba Petol Gearench 401…$15MAeries Enterprises, LLC Employees 401(k) Savings PlanAeries Enterprises, LLC Empl…$15MLockhart Trust 401(k) Plan$15M
End-of-year total assets ($M) among Cheerwine 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$15M
Net Income-$3M
Employer EIN560887444
Plan Effective Date1972-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Piedmont Cheerwine Bottling Company)

Sponsor-wide plan assets over time

All Piedmont Cheerwine Bottling Company plans reported in each filing year

Latest sponsor-wide plan assets
$20M 36.80930946689345% vs 2022
2024 filing year
$12M$14M$16M$18M$20M$22M 202220232024 $14.5M $19.9M ▲ +36.8%
Year Plans Participants Total Assets
2022 1 335 $15M
2023 1 382 $18M
2024 1 414 $20M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Cheerwine 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Cheerwine 401(k) Profit Sharing Plan, Total assets ($B): 0.014530585 · Participants: 335Cheerwine 401(k) Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Cheerwine 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Cheerwine 401(k) Profit Sharing Plan side-by-side with 3 peers →

Cheerwine 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Specialty Dental Brands 401(k) Plan in TN ($15M); by covered participants it is Ameriserv Financial 401(k) Profit Sharing in PA (335 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15M here).

Similar participant headcount

Nearest other-state filings by covered participants (335 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Cheerwine 401(k) Profit Sharing Plan assets move in 2022? ▼
Cheerwine 401(k) Profit Sharing Plan pulled back noticeably - down 14.9% during 2022, from $17M to $15M. Reported net income was -$3M.
How have Piedmont Cheerwine Bottling Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Piedmont Cheerwine Bottling Company's sponsor-wide assets grew 36.8%, from $15M to $20M.
Which 401(k) plans are similar in size to Cheerwine 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Specialty Dental Brands 401(k) Plan in TN ($15M, 1,619 participants).
Which 401(k) plans cover a similar participant headcount to Cheerwine 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ameriserv Financial 401(k) Profit Sharing in PA (335 participants, $36M in assets).

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 560887444.

Read our methodology - how this data is sourced, computed, and verified.

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