401(k) · DOL Form 5500 · 2023

Ng Operations, LLC 401(k) Plan

Data updated 2026-08-25

$417M
Total assets Above avg plan size
2,561
Participants Above avg headcount
97th
Percentile by assets National rank
$162,913
Avg per participant Above avg balance/head
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Official DOL plan name: National Gypsum 401(k) and Retirement Savings Plan · Sponsored by Ng Operations, LLC · North Carolina · Manufacturing

$417M in assets, 2,561 participants

Ng Operations, LLC's National Gypsum 401(k) and Retirement Savings Plan reported $417M in total assets and 2,561 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #17,819 in Manufacturing (18,722 peers)

Coverage in North Carolina

National Gypsum 401(k) and Retirement Savings Plan covers 2,561 participants in North Carolina, 3.1x the typical North Carolina plan (state average ~819 per filing). Assets: $417M.

#17,819
in Manufacturing (18,722 peers)
+14.4%
assets growth YoY
4.2×
vs typical plan assets (national mean)

National Gypsum 401(k) and Retirement Savings Plan's outsized position by total assets

National Gypsum 401(k) and Retirement Savings Plan vs every filed plan by assets

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

$417,221,305 Top 3% higher than 97% 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

National Gypsum 401(k) and Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. National Gypsum 401(k) and Retirement Savings Plan lands in the large band (2,561 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • National Gypsum 401(k) and Retirement Savings Plan reported net income rose from -$63M in the plan year 2022 filing to $53M in the plan year 2023 filing.
  • National Gypsum 401(k) and Retirement Savings Plan end-of-year assets rose from $365M in the plan year 2022 filing to $417M in the plan year 2023 filing.
  • National Gypsum 401(k) and Retirement Savings Plan reported participants rose from 2,509 in the plan year 2022 filing to 2,561 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 853196048 · Ng Operations, LLC PY 2023 · 401(k)

National Gypsum 401(k) and Retirement Savings Plan · $417M · 2,561 · 97th

  • RANK $417M
  • RANK 2,561
  • RANK 97th
  • RANK 401(k)
  • RANK near Cooperative Savings Plan
  • RANK ind #17819

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 →

National Gypsum 401(k) and Retirement Savings Plan in the asset neighbourhood

Corning Incorporated Investment Plan for Unionized EmployeesCorning Incorporated Investm…$418MWeir Group, Inc. 401(k) Plan$418MNational Gypsum 401(k) and Retirement Savings PlanNational Gypsum 401(k) and R…$417MCooperative Savings Plan$417MEmpire Retirement Savings PlanEmpire Retirement Savings Pl…$417M
End-of-year total assets ($M) among National Gypsum 401(k) and Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$365M
Net Assets (End of Year)$417M
Net Income$53M
Employer EIN853196048
Plan Effective Date1980-04-01
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 401(k) Plans in North Carolina

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

National Gypsum 401(k) and Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants National Gypsum 401(k) and Retirement Savings Plan, Total assets ($B): 0.417221305 · Participants: 2561National Gypsum 401(k) and Retirement Savings 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
National Gypsum 401(k) and Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare National Gypsum 401(k) and Retirement Savings Plan side-by-side with 3 peers →

National Gypsum 401(k) and Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Cooperative Savings Plan in IN ($417M); by covered participants it is H.B. Fuller Company 401(k) & Retirement Plan in MN (2,561 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($417M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,561 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 National Gypsum 401(k) and Retirement Savings Plan assets move in 2023? ▼
National Gypsum 401(k) and Retirement Savings Plan grew at a solid clip - up 14.4% during 2023, from $365M to $417M. Reported net income was $53M.
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 National Gypsum 401(k) and Retirement Savings Plan rank by assets among Form 5500 filers? ▼
National Gypsum 401(k) and Retirement Savings Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to National Gypsum 401(k) and Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cooperative Savings Plan in IN ($417M, 4,526 participants).
Which 401(k) plans cover a similar participant headcount to National Gypsum 401(k) and Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is H.B. Fuller Company 401(k) & Retirement Plan in MN (2,561 participants, $488M 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 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.