Defined Benefit (Pension) · DOL Form 5500 · 2023
Hess Corporation Pension Plan
Data updated 2026-08-11
- $1.9B
- Total assets
- 1,324
- Participants
- 99th
- Percentile by assets
- $1.4M
- Avg per participant
Official DOL plan name: Hess Corporation Employees' Pension Plan · Sponsored by Hess Corporation · Texas · Manufacturing
$1.9B in assets, 1,324 participants
Hess Corporation's Hess Corporation Employees' Pension Plan reported $1.9B in total assets and 1,324 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 127,072 plans)
- #18,461 in Manufacturing (18,722 peers)
Where Hess Corporation Employees' Pension Plan sits by assets
Hess Corporation Employees' Pension Plan sits among the largest 1% of all filed plans, $1.9B for 1,324 participants (~$1.4M/participant), down 3.0% in 2023.
- $1.9B
- total plan assets (2023 EOY)
- 1,324
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $1.4M
- avg assets per participant
The plan reported a net loss of $40M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Hess Corporation Employees' Pension Plan reported net income rose from -$581M in the plan year 2022 filing to -$40M in the plan year 2023 filing.
- Hess Corporation Employees' Pension Plan end-of-year assets fell from $2.0B in the plan year 2022 filing to $1.9B in the plan year 2023 filing.
Hess Corporation Employees' Pension Plan vs the 2023 asset distribution
By assets, Hess Corporation Employees' Pension Plan outranks 99% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 19x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $2.0B |
|---|---|
| Net Assets (End of Year) | $1.9B |
| Net Income | -$40M |
| Employer EIN | 134921002 |
| Plan Effective Date | 1972-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hess Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 2,731 | $2.9B |
| 2023 | 2 | 2,811 | $2.9B |
| 2024 | 2 | 3,021 | $3.0B |
Nearby Defined Benefit (Pension) Plans in Texas
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Hess Corporation Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
- AT&T Pension Benefit Plan $30.0B · 107,859
- Shell Pension Plan $15.1B · 12,215
- Exxonmobil Pension Plan $12.0B · 22,551
- Caterpillar Inc. Retirement Income Plan $9.8B · 12,138
- Bp Retirement Accumulation Plan $5.5B · 9,360
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Hess Corporation Employees' Pension Plan by total assets, not by location.
- Seafarers Pension Plan (MD) $1.9B · 7,093
- Electrical Workers Pension Plan Local 103 I.B.E.W. (MA) $1.9B · 6,014
- Danaher Corporation & Subsidiaries Pension Plan (DC) $1.9B · 3,354
- Cna Retirement Plan (IL) $1.9B · 457
Frequently Asked Questions
How did Hess Corporation Employees' Pension Plan assets move in 2023? ▼
How have Hess Corporation plan assets changed over time? ▼
Where does Hess Corporation Employees' Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Hess Corporation Employees' Pension Plan? ▼
Next read for Hess Corporation Employees' Pension Plan
Scale reading
Ways to act on Hess Corporation Employees' Pension Plan's numbers.
- By total assets, Hess Corporation Employees' Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Texas. Compare plans
- Hess Corporation's sponsor-wide assets have grown 4.8% since 2022 across 3 plan years on file. More Manufacturing plans