401(k) · DOL Form 5500 · 2023

Ng Operations, LLC 401(k) Plan

Data updated 2026-08-11

$417M
Total assets: 2,561
Participants: 97th
Percentile by assets: $162,913
Avg per participant

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.

97th percentile by assets (of 127,072 plans)
#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.

$417M
total plan assets (2023 EOY): 2,561
covered participants: 97th
percentile by assets (of 127,072 plans): $162,913
avg assets per participant

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 →

State

North Carolina

Industry

Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. National Gypsum 401(k) and Retirement Savings Plan reports 2,561 participants - 3.1x that state average ($417M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$365M
Net Assets (End of Year)	$417M
Net Income	$53M
Employer EIN	853196048
Plan Effective Date	1980-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Ng Operations, LLC)

Total plan assets by year, all Ng Operations, LLC plans on file

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

The Bank of America 401(k) Plan $54.8B · 173,899
Honeywell 401(k) Plan $15.4B · 40,004
Duke Energy Retirement Savings Plan $10.4B · 28,121
Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174

Compare National Gypsum 401(k) and Retirement Sa… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to National Gypsum 401(k) and Retirement Savings Plan by total assets, not by location.

Cooperative Savings Plan (IN) $417M · 4,526
Weir Group, Inc. 401(k) Plan (TX) $418M · 1,834
Empire Retirement Savings Plan (AZ) $417M · 2,528
Corning Incorporated Investment Plan for Unionized Employees (NY) $418M · 3,805

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).

Next read for National Gypsum 401(k) and Retirement Sa…

Filing takeaways

Ways to act on National Gypsum 401(k) and Retirement Savings Plan's numbers.

By total assets, National Gypsum 401(k) and Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
Ng Operations, LLC's sponsor-wide assets have grown 18.4% since 2022 across 3 plan years on file. More Manufacturing plans

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.