Defined Benefit (Pension) · DOL Form 5500 · 2022

Hickory Springs Manufacturing Co Pension Plan

Data updated 2026-08-11

$127M
Total assets
397
Participants
94th
Percentile by assets
$319,496
Avg per participant
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Official DOL plan name: Hickory Springs Retirement Plan · Sponsored by Hickory Springs Manufacturing Co · North Carolina · Manufacturing

$127M in assets, 397 participants

Hickory Springs Manufacturing Co's Hickory Springs Retirement Plan reported $127M in total assets and 397 participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.

  • 94th percentile by assets (of 139,126 plans)
  • #18,674 in Manufacturing (20,602 peers)

Coverage in North Carolina

Hickory Springs Retirement Plan covers 397 participants in North Carolina, about 48% of the average North Carolina filer (state average ~819 per filing). Assets: $127M.

$127M
total plan assets (2022 EOY)
397
covered participants
94th
percentile by assets (of 139,126 plans)
$319,496
avg assets per participant

The plan reported a net loss of $40M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Hickory Springs Retirement Plan sits by total assets

Hickory Springs Retirement Plan vs every filed plan by assets

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

$126,839,842 Top 6% higher than 94% of 139,123 filed plans

This plan $0 $2,010,000,000 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

Industry

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Hickory Springs Retirement Plan reports 397 participants - about 48% of that state average ($127M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)$167M
Net Assets (End of Year)$127M
Net Income-$40M
Employer EIN560494395
Plan Effective Date1970-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hickory Springs Manufacturing Co)

$120M$140M$160M$180M$200M 202220232024 $190M $137M ▼ -28.2%
Total plan assets by year, all Hickory Springs Manufacturing Co plans on file
Year Plans Participants Total Assets
2022 2 2,720 $190M
2023 2 2,524 $132M
2024 2 2,254 $137M

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Hickory Springs Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants

Hickory Springs Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants Hickory Springs Reti…Honeywell Retirement…Truist Financial Cor…Duke Energy Legacy P…Duke Energy Retireme…Time Warner Cable Pe…
Hickory Springs Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Hickory Springs Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Hickory Springs Retirement Plan assets move in 2022?
Hickory Springs Retirement Plan declined sharply - down 24.1% during 2022, from $167M to $127M. Reported net income was -$40M.
How have Hickory Springs Manufacturing Co plan assets changed over time?
Across 3 plan years on file (2022-2024), Hickory Springs Manufacturing Co's sponsor-wide assets declined 28.2%, from $190M to $137M.
Where does Hickory Springs Retirement Plan rank by assets among Form 5500 filers?
Hickory Springs Retirement Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Hickory Springs Retirement Plan?
Among Defined Benefit (Pension) plans in other states, the closest by assets is Efw Inc. Consolidated Retirement Plan in TX ($127M, 293 participants).

Next read for Hickory Springs Retirement Plan

Filing takeaways

Ways to act on Hickory Springs Retirement Plan's numbers.

  • By total assets, Hickory Springs Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
  • Hickory Springs Manufacturing Co's sponsor-wide assets have declined 28.2% since 2022 across 3 plan years on file. More Manufacturing plans