401(k) · DOL Form 5500 · 2023

Piedmont Cheerwine Bottling Company 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
382
Participants Below avg headcount
70th
Percentile by assets National rank
$46,243
Avg per participant Low balance/head
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Official DOL plan name: Cheerwine 401(k) Profit Sharing Plan · Sponsored by Piedmont Cheerwine Bottling Company · North Carolina · Manufacturing

$18M in assets, 382 participants

Piedmont Cheerwine Bottling Company's Cheerwine 401(k) Profit Sharing Plan reported $18M in total assets and 382 participants in its 2023 DOL Form 5500 filing, ranking in the 70th 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.

  • #11,153 in Manufacturing (18,722 peers)

Coverage in North Carolina

Cheerwine 401(k) Profit Sharing Plan covers 382 participants in North Carolina, about 47% of the average North Carolina filer (state average ~819 per filing). Assets: $18M.

#11,153
in Manufacturing (18,722 peers)
+21.6%
assets growth YoY

Cheerwine 401(k) Profit Sharing Plan's outsized position by total assets

Cheerwine 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$17,664,895 Top 30% higher than 70% of 127,068 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 2023

Cheerwine 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cheerwine 401(k) Profit Sharing Plan sits mid-pack in the medium band (382 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Cheerwine 401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Cheerwine 401(k) Profit Sharing Plan end-of-year assets rose from $15M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Cheerwine 401(k) Profit Sharing Plan reported participants rose from 335 in the plan year 2022 filing to 382 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 560887444 · Piedmont Cheerwine Bottling Company PY 2023 · 401(k)

Cheerwine 401(k) Profit Sharing Plan · $18M · 382 · 70th

  • EIN $18M
  • EIN 382
  • EIN 70th
  • EIN 401(k)
  • EIN near Zeus Fire & Security Retirement Plan
  • EIN ind #11153

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 →

Cheerwine 401(k) Profit Sharing Plan in the asset neighbourhood

Zeus Fire & Security Retirement PlanZeus Fire & Security Retirem…$18MFisher & Paykel Appliances USA Holdings Inc. Retirement Savings PlanFisher & Paykel Appliances U…$18MLexitas 401(k) Plan$18MJoseph P. Carrara & Sons Inc. 401(k) and Profit Sharing PlanJoseph P. Carrara & Sons Inc…$18MCheerwine 401(k) Profit Sharing PlanCheerwine 401(k) Profit Shar…$18M
End-of-year total assets ($M) among Cheerwine 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$18M
Net Income$3M
Employer EIN560887444
Plan Effective Date1972-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Piedmont Cheerwine Bottling Company)

Sponsor-wide plan assets over time

All Piedmont Cheerwine Bottling Company plans reported in each filing year

Latest sponsor-wide plan assets
$20M 36.80930946689345% vs 2022
2024 filing year
$12M$14M$16M$18M$20M$22M 202220232024 $14.5M $19.9M ▲ +36.8%
Year Plans Participants Total Assets
2022 1 335 $15M
2023 1 382 $18M
2024 1 414 $20M

Nearby 401(k) Plans in North Carolina

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

Cheerwine 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Cheerwine 401(k) Profit Sharing Plan, Total assets ($B): 0.017664895 · Participants: 382Cheerwine 401(k) Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Cheerwine 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Cheerwine 401(k) Profit Sharing Plan side-by-side with 3 peers →

Cheerwine 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Zeus Fire & Security Retirement Plan in PA ($18M); by covered participants it is Clow Valve Company Hourly 401(k) Retirement Plan in AL (382 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (382 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Cheerwine 401(k) Profit Sharing Plan assets move in 2023? ▼
Cheerwine 401(k) Profit Sharing Plan grew sharply - up 21.6% during 2023, from $15M to $18M. Reported net income was $3M.
How have Piedmont Cheerwine Bottling Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Piedmont Cheerwine Bottling Company's sponsor-wide assets grew 36.8%, from $15M to $20M.
Which 401(k) plans are similar in size to Cheerwine 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Zeus Fire & Security Retirement Plan in PA ($18M, 415 participants).
Which 401(k) plans cover a similar participant headcount to Cheerwine 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Clow Valve Company Hourly 401(k) Retirement Plan in AL (382 participants, $12M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 560887444.

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.