Defined Benefit (Pension) · DOL Form 5500 · 2022

Ng Operations, LLC Pension Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
339
Participants Below avg headcount
84th
Percentile by assets National rank
$100,935
Avg per participant Below avg balance/head
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Official DOL plan name: Pension Plan for Represented Hourly-Paid Employees of National Gypsum · Sponsored by Ng Operations, LLC · North Carolina · Manufacturing

$34M in assets, 339 participants

Ng Operations, LLC's Pension Plan for Represented Hourly-Paid Employees of National Gypsum reported $34M in total assets and 339 participants in its 2022 DOL Form 5500 filing, ranking in the 84th 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.

  • #15,973 in Manufacturing (20,602 peers)

Coverage in North Carolina

Pension Plan for Represented Hourly-Paid Employees of National Gypsum covers 339 participants in North Carolina, about 41% of the average North Carolina filer (state average ~819 per filing). Assets: $34M.

#15,973
in Manufacturing (20,602 peers)
-27.4%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $13M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Pension Plan for Represented Hourly-Paid Employees of National Gypsum's outsized position by total assets

Pension Plan for Represented Hourly-Paid Employees of National Gypsum vs every filed plan by assets

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

$34,216,854 Top 16% higher than 84% 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

Pension Plan for Represented Hourly-Paid Employees of National Gypsum 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. Pension Plan for Represented Hourly-Paid Employees of National Gypsum sits mid-pack in the medium band (339 participants).

Plan-year Form 5500 strip

Filing strip 853196048 · Ng Operations, LLC PY 2022 · Defined Benefit (Pension)

Pension Plan for Represented Hourly-Paid Employees of National Gypsum · $34M · 339 · 84th

  • EIN $34M
  • RANK 339
  • PHOTO 84th
  • IND Defined Benefit (Pension)
  • EOY near Graphic Communications Union Local 2-C Retirement Benefit Plan
  • 5500 ind #15973

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 →

Pension Plan for Represented Hourly-Paid Employees of National Gypsum in the asset neighbourhood

Pension Plan for Represented Hourly-Paid Employees of National GypsumPension Plan for Represented…$34MGraphic Communications Union Local 2-C Retirement Benefit PlanGraphic Communications Union…$34MPension Plan for Members of the Bargaining Unit of Greater Baltimore Medical CenterPension Plan for Members of …$34MHowmedica Osteonics Pension Plan for Rutherford Bargaining Unit EmployeesHowmedica Osteonics Pension …$34MKramer Levin Employees' Retirement PlanKramer Levin Employees' Reti…$34M
End-of-year total assets ($M) among Pension Plan for Represented Hourly-Paid Employees of National Gypsum and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$34M
Net Income-$13M
Employer EIN853196048
Plan Effective Date1959-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ng Operations, LLC)

Sponsor-wide plan assets over time

All Ng Operations, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$655M 18.384747918888962% vs 2022
2024 filing year
$500M$550M$600M$650M$700M 202220232024 $553M $655M ▲ +18.4%
Year Plans Participants Total Assets
2022 3 3,441 $553M
2023 3 3,355 $616M
2024 3 3,452 $655M

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Pension Plan for Represented Hourly-Paid Employees of National Gypsum vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants Pension Plan for Represented Hourly-Paid Employees of National Gypsum, Total assets ($B): 0.034216854 · Participants: 339Pension Plan for Represented Hourly-Paid Employees of National GypsumHoneywell Retirement Earnings Plan, Total assets ($B): 17.0193439 · Participants: 12452Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 12.462364023 · Participants: 37931Truist Financial Corporation Pension PlanDuke Energy Legacy Pension Plan, Total assets ($B): 4.0414 · Participants: 346Duke Energy Legacy Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 3.182 · Participants: 16132Duke Energy Retirement Cash Balance PlanTime Warner Cable Pension Plan, Total assets ($B): 2.583220843 · Participants: 18624Time Warner Cable Pension Plan
Pension Plan for Represented Hourly-Paid Employees of National Gypsum vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Pension Plan for Represented Hourly-Paid Employees of National Gypsum side-by-side with 3 peers →

Pension Plan for Represented Hourly-Paid Employees of National Gypsum's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Graphic Communications Union Local 2-C Retirement Benefit Plan in MI ($34M); by covered participants it is Atlas Copco Pension Plan in NJ (339 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (339 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 Pension Plan for Represented Hourly-Paid Employees of National Gypsum assets move in 2022? ▼
Pension Plan for Represented Hourly-Paid Employees of National Gypsum declined sharply - down 27.4% during 2022, from $47M to $34M. Reported net income was -$13M.
How have Ng Operations, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ng Operations, LLC's sponsor-wide assets grew 18.4%, from $553M to $655M.
Where does Pension Plan for Represented Hourly-Paid Employees of National Gypsum rank by assets among Form 5500 filers? ▼
Pension Plan for Represented Hourly-Paid Employees of National Gypsum ranks in the 84th 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 Defined Benefit (Pension) plans are similar in size to Pension Plan for Represented Hourly-Paid Employees of National Gypsum? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Graphic Communications Union Local 2-C Retirement Benefit Plan in MI ($34M, 1 participant).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Plan for Represented Hourly-Paid Employees of National Gypsum? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Atlas Copco Pension Plan in NJ (339 participants, $47M 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 853196048.

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.