401(k) · DOL Form 5500 · 2022

Hornets Basketball, LLC 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
239
Participants Below avg headcount
75th
Percentile by assets National rank
$72,250
Avg per participant Below avg balance/head
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Official DOL plan name: Hornets Basketball, LLC 401(k) Plan · Sponsored by Hornets Basketball, LLC · North Carolina · Arts, Entertainment & Recreation

$17M in assets, 239 participants

Hornets Basketball, LLC's Hornets Basketball, LLC 401(k) Plan reported $17M in total assets and 239 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #2,599 in Arts, Entertainment & Recreation (3,077 peers)

Coverage in North Carolina

Hornets Basketball, LLC 401(k) Plan covers 239 participants in North Carolina, about 29% of the average North Carolina filer (state average ~819 per filing). Assets: $17M.

#2,599
in Arts, Entertainment & Recreation (3,077 peers)
-10.9%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Hornets Basketball, LLC 401(k) Plan's outsized position by total assets

Hornets Basketball, LLC 401(k) Plan vs every filed plan by assets

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

$17,267,814 Top 25% higher than 75% 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

Hornets Basketball, LLC 401(k) 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. Hornets Basketball, LLC 401(k) Plan sits mid-pack in the medium band (239 participants).

Plan-year Form 5500 strip

Filing strip 743074438 · Hornets Basketball, LLC PY 2022 · 401(k)

Hornets Basketball, LLC 401(k) Plan · $17M · 239 · 75th

  • 5500 $17M
  • 5500 239
  • 5500 75th
  • 5500 401(k)
  • 5500 near Nextsource, Inc. 401(k) Profit Sharing Plan & Trust
  • 5500 ind #2599

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 Arts, Entertainment & Recreation retirement plans → · Plans in North Carolina →

Hornets Basketball, LLC 401(k) Plan in the asset neighbourhood

Hornets Basketball, LLC 401(k) PlanHornets Basketball, LLC 401(…$17MNextsource, Inc. 401(k) Profit Sharing Plan & TrustNextsource, Inc. 401(k) Prof…$17MPotomac Corporation Profit Sharing and 401(k) PlanPotomac Corporation Profit S…$17MBroadbent and Associates, Inc. 401(k) Profit Sharing PlanBroadbent and Associates, In…$17MInvolta, LLC 401(k) Retirement PlanInvolta, LLC 401(k) Retireme…$17M
End-of-year total assets ($M) among Hornets Basketball, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$17M
Net Income-$2M
Employer EIN743074438
Plan Effective Date2003-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hornets Basketball, LLC)

Sponsor-wide plan assets over time

All Hornets Basketball, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$24M 37.18331689234086% vs 2022
2024 filing year
$16M$18M$20M$22M$24M$26M 202220232024 $17.3M $23.7M ▲ +37.2%
Year Plans Participants Total Assets
2022 1 239 $17M
2023 1 278 $21M
2024 1 284 $24M

Nearby 401(k) Plans in North Carolina

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

Hornets Basketball, LLC 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Hornets Basketball, LLC 401(k) Plan, Total assets ($B): 0.017267814 · Participants: 239Hornets Basketball, LLC 401(k) 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
Hornets Basketball, LLC 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Hornets Basketball, LLC 401(k) Plan side-by-side with 3 peers →

Hornets Basketball, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Nextsource, Inc. 401(k) Profit Sharing Plan & Trust in TN ($17M); by covered participants it is Njoy 401(k) Plan in AZ (239 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (239 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 Hornets Basketball, LLC 401(k) Plan assets move in 2022? ▼
Hornets Basketball, LLC 401(k) Plan pulled back noticeably - down 10.9% during 2022, from $19M to $17M. Reported net income was -$2M.
How have Hornets Basketball, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hornets Basketball, LLC's sponsor-wide assets grew 37.2%, from $17M to $24M.
Where does Hornets Basketball, LLC 401(k) Plan rank by assets among Form 5500 filers? ▼
Hornets Basketball, LLC 401(k) Plan ranks in the 75th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Hornets Basketball, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nextsource, Inc. 401(k) Profit Sharing Plan & Trust in TN ($17M, 2,664 participants).
Which 401(k) plans cover a similar participant headcount to Hornets Basketball, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Njoy 401(k) Plan in AZ (239 participants, $9M 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 743074438.

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.