401(k)
2022 plan-year 401(k) DOL Form 5500

Hickory Springs Employees 401(k) Plan

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

Sponsored by Hickory Springs Manufacturing Company · North Carolina · Manufacturing

What the 2023 filing shows

Hickory Springs Employees 401(k) Plan holds $64M for 2,323 participants — about $27,374 per participant, down 21.0% over the 2022 plan year.

$64M
total plan assets (2022 EOY)
2,323
covered participants
$27,374
avg assets per participant
-21.0%
assets change YoY

The plan reported a net loss of $17M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$64M
Participants
2,323
Industry
Manufacturing

What the Filing Says About Hickory Springs Employees 401(k) Plan

Hickory Springs Employees 401(k) Plan is a 401(k) retirement plan sponsored by Hickory Springs Manufacturing Company, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $64M in total end-of-year assets and covers 2,323 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 560494395, and the plan has been effective since 2009-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $81M at the beginning of 2022 to $64M at year-end — a decline of 21.0%. Net assets (after liabilities) closed the year at $64M, with reported net income of $-16,951,577 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)$81M
Total Assets (End of Year)$64M
Net Assets (End of Year)$64M
Net Income$-16,951,577
Plan Type401(k)
Employer EIN560494395
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hickory Springs Manufacturing Company)

Year Plans Participants Total Assets
2022 2 2,720 $190M
2023 2 2,524 $132M
2024 2 2,254 $137M

Nearby 401(k) Plans in North Carolina

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Frequently Asked Questions

How much money is in the Hickory Springs Employees 401(k) Plan?
As of the 2022 Form 5500 filing, Hickory Springs Employees 401(k) Plan holds $64M in total assets with 2,323 participants. It is sponsored by Hickory Springs Manufacturing Company.
What type of plan is Hickory Springs Employees 401(k) Plan?
Hickory Springs Employees 401(k) Plan is a 401(k) plan. It has been effective since 2009-01-01. The plan is filed with the U.S. Department of Labor under EIN 560494395.
Who sponsors the Hickory Springs Employees 401(k) Plan?
Hickory Springs Employees 401(k) Plan is sponsored by Hickory Springs Manufacturing Company, located in North Carolina. The sponsor's EIN is 560494395 and the plan operates in the Manufacturing industry.
How did Hickory Springs Employees 401(k) Plan perform in 2022?
Hickory Springs Employees 401(k) Plan declined by 21.0% during 2022, moving from $81M to $64M in total assets. Net income was $-16,951,577.
Where can I find official filings for Hickory Springs Employees 401(k) Plan?
Official Form 5500 filings for Hickory Springs Employees 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 560494395 or plan name at efast.dol.gov.
How does Hickory Springs Employees 401(k) Plan compare to other plans?
You can compare Hickory Springs Employees 401(k) Plan against other 401(k) plans on the plan type page, or view plans in North Carolina 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 560494395.

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.