Defined Benefit (Pension) · DOL Form 5500 · 2022

Butterball, LLC Pension Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
340
Participants Below avg headcount
83rd
Percentile by assets National rank
$89,887
Avg per participant Below avg balance/head
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Official DOL plan name: Carolina Turkeys Employees' Pension Plan · Sponsored by Butterball, LLC · North Carolina · Agriculture, Forestry & Fishing

$31M in assets, 340 participants

Butterball, LLC's Carolina Turkeys Employees' Pension Plan reported $31M in total assets and 340 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

  • #1,363 in Agriculture, Forestry & Fishing (1,523 peers)

Coverage in North Carolina

Carolina Turkeys Employees' Pension Plan covers 340 participants in North Carolina, about 42% of the average North Carolina filer (state average ~819 per filing). Assets: $31M.

#1,363
in Agriculture, Forestry & Fishing (1,523 peers)
-21.4%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Carolina Turkeys Employees' Pension Plan's outsized position by total assets

Carolina Turkeys Employees' Pension Plan vs every filed plan by assets

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

$30,561,736 Top 17% higher than 83% 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

Carolina Turkeys Employees' Pension 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. Carolina Turkeys Employees' Pension Plan sits mid-pack in the medium band (340 participants).

EBSA filing schedule strip

Filing strip 561458630 · Butterball, LLC PY 2022 · Defined Benefit (Pension)

Carolina Turkeys Employees' Pension Plan · $31M · 340 · 83rd

  • PART $31M
  • TYPE 340
  • NET 83rd
  • BOOK Defined Benefit (Pension)
  • VS-ST near Greene, Tweed & Co., Inc. Union Employees Pension Plan
  • BOY ind #1363

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 Agriculture, Forestry & Fishing retirement plans → · Plans in North Carolina →

Carolina Turkeys Employees' Pension Plan in the asset neighbourhood

Plain Dealer Publishing Co. Guild Retirement PlanPlain Dealer Publishing Co. …$31MSharp Corporation Retirement PlanSharp Corporation Retirement…$31MRetirement Plan for Employees of Haldor Topsoe,Retirement Plan for Employee…$31MCarolina Turkeys Employees' Pension PlanCarolina Turkeys Employees' …$31MGreene, Tweed & Co., Inc. Union Employees Pension PlanGreene, Tweed & Co., Inc. Un…$31M
End-of-year total assets ($M) among Carolina Turkeys Employees' Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$31M
Net Income-$8M
Employer EIN561458630
Plan Effective Date1986-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Butterball, LLC)

Sponsor-wide plan assets over time

All Butterball, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$189M 24.009109566185302% vs 2022
2024 filing year
$140M$160M$180M$200M 202220232024 $152M $189M ▲ +24.0%
Year Plans Participants Total Assets
2022 3 7,108 $152M
2023 2 5,829 $175M
2024 2 5,374 $189M

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Carolina Turkeys Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants Carolina Turkeys Employees' Pension Plan, Total assets ($B): 0.030561736 · Participants: 340Carolina Turkeys Employees' Pension PlanHoneywell 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
Carolina Turkeys Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Carolina Turkeys Employees' Pension Plan side-by-side with 3 peers →

Carolina Turkeys Employees' Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Greene, Tweed & Co., Inc. Union Employees Pension Plan in PA ($31M); by covered participants it is Employees Pension Plan of Credit Suisse in NY (340 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (340 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 Carolina Turkeys Employees' Pension Plan assets move in 2022? ▼
Carolina Turkeys Employees' Pension Plan declined sharply - down 21.4% during 2022, from $39M to $31M. Reported net income was -$8M.
How have Butterball, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Butterball, LLC's sponsor-wide assets grew 24.0%, from $152M to $189M.
Where does Carolina Turkeys Employees' Pension Plan rank by assets among Form 5500 filers? ▼
Carolina Turkeys Employees' Pension Plan ranks in the 83rd 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 Carolina Turkeys Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Greene, Tweed & Co., Inc. Union Employees Pension Plan in PA ($31M, 299 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Carolina Turkeys Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Employees Pension Plan of Credit Suisse in NY (340 participants, $716M 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 561458630.

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.