Defined Benefit (Pension) · DOL Form 5500 · 2023

Hess Corporation Pension Plan

Data updated 2026-08-25

$1.9B
Total assets Very large vs avg
1,324
Participants Near avg headcount
99th
Percentile by assets National rank
$1.4M
Avg per participant High balance/head
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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.

  • #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.

#18,461
in Manufacturing (18,722 peers)
-3.0%
assets change YoY
19×
vs typical plan assets (national mean)

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.

Hess Corporation Employees' Pension Plan's outsized position by total assets

Hess Corporation Employees' Pension Plan vs every filed plan by assets

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

$1,897,428,570 Top 1% higher than 99% 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

Hess Corporation Employees' Pension 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. Hess Corporation Employees' Pension Plan lands in the large band (1,324 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 134921002 · Hess Corporation PY 2023 · Defined Benefit (Pension)

Hess Corporation Employees' Pension Plan · $1.9B · 1,324 · 99th

  • BOY $1.9B
  • BOY 1,324
  • BOY 99th
  • BOY Defined Benefit (Pension)
  • BOY near Seafarers Pension Plan
  • BOY ind #18461

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 Texas →

Hess Corporation Employees' Pension Plan in the asset neighbourhood

Hess Corporation Employees' Pension PlanHess Corporation Employees' …$1.9BSeafarers Pension Plan$1.9BElectrical Workers Pension Plan Local 103 I.B.E.W.Electrical Workers Pension P…$1.9BDanaher Corporation & Subsidiaries Pension PlanDanaher Corporation & Subsid…$1.9BCna Retirement Plan$1.9B
End-of-year total assets ($B) among Hess Corporation Employees' Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$2.0B
Net Assets (End of Year)$1.9B
Net Income-$40M
Employer EIN134921002
Plan Effective Date1972-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hess Corporation)

Sponsor-wide plan assets over time

All Hess Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$3.0B 4.792069519831085% vs 2022
2024 filing year
$2.8B$2.85B$2.9B$2.95B$3B$3.05B 202220232024 $2.86B $3B ▲ +4.9%
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 Scatter plot of 6 data points. -50000050000100000150000 010203040 Total assets ($B) Participants Hess Corporation Employees' Pension Plan, Total assets ($B): 1.89742857 · Participants: 1324Hess Corporation Employees' Pension PlanAT&T Pension Benefit Plan, Total assets ($B): 30.018512 · Participants: 107859AT&T Pension Benefit PlanShell Pension Plan, Total assets ($B): 15.133347097 · Participants: 12215Shell Pension PlanExxonmobil Pension Plan, Total assets ($B): 12.015 · Participants: 22551Exxonmobil Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.803014695 · Participants: 12138Caterpillar Inc. Retirement Income PlanBp Retirement Accumulation Plan, Total assets ($B): 5.493677099 · Participants: 9360Bp Retirement Accumulation Plan
Hess Corporation Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare Hess Corporation Employees' Pension Plan side-by-side with 3 peers →

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

Outside Texas, the nearest Defined Benefit (Pension) by assets is Seafarers Pension Plan in MD ($1.9B); by covered participants it is Domtar US Hourly Pension Plan in (1,324 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (1,324 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 Hess Corporation Employees' Pension Plan assets move in 2023? ▼
Hess Corporation Employees' Pension Plan edged down modestly - down 3.0% during 2023, from $2.0B to $1.9B. Reported net income was -$40M.
How have Hess Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hess Corporation's sponsor-wide assets grew 4.8%, from $2.9B to $3.0B.
Where does Hess Corporation Employees' Pension Plan rank by assets among Form 5500 filers? ▼
Hess Corporation Employees' Pension Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Hess Corporation Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Seafarers Pension Plan in MD ($1.9B, 7,093 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Hess Corporation Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Domtar US Hourly Pension Plan in (1,324 participants, $149M 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 134921002.

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.