Defined Benefit (Pension) · DOL Form 5500 · 2023
The Hershey Company Pension Plan
Data updated 2026-08-11
- $785M
- Total assets
- 2,569
- Participants
- 98th
- Percentile by assets
- $305,680
- Avg per participant
Official DOL plan name: The Hershey Company Retirement Plan · Sponsored by The Hershey Company · Pennsylvania · Manufacturing
$785M in assets, 2,569 participants
The Hershey Company's The Hershey Company Retirement Plan reported $785M in total assets and 2,569 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #18,156 in Manufacturing (18,722 peers)
Coverage in Pennsylvania
The Hershey Company Retirement Plan covers 2,569 participants in Pennsylvania, 3.1x the typical Pennsylvania plan (state average ~822 per filing). Assets: $785M.
- $785M
- total plan assets (2023 EOY)
- 2,569
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $305,680
- avg assets per participant
The plan reported a net loss of $6M 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
- The Hershey Company Retirement Plan reported net income rose from -$139M in the plan year 2022 filing to -$6M in the plan year 2023 filing.
- The Hershey Company Retirement Plan end-of-year assets rose from $492M in the plan year 2022 filing to $785M in the plan year 2023 filing.
- The Hershey Company Retirement Plan reported participants rose from 1,704 in the plan year 2022 filing to 2,569 in the plan year 2023 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. The Hershey Company Retirement Plan reports 2,569 participants - 3.1x that state average ($785M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $492M |
|---|---|
| Net Assets (End of Year) | $785M |
| Net Income | -$6M |
| Employer EIN | 230691590 |
| Plan Effective Date | 1941-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Hershey Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 12,923 | $2.6B |
| 2023 | 5 | 14,683 | $2.8B |
| 2024 | 4 | 14,048 | $2.9B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The Hershey Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $11.2B · 27,434
- Steelworkers Pension Trust $6.6B · 47,052
- The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
- Constellation Retirement Program $5.3B · 5,080
- The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Hershey Company Retirement Plan by total assets, not by location.
- Csaa Insurance Group Cash Balance Retirement Plan (CA) $785M · 2,152
- Northwest Ironworkers Retirement Plan (WA) $785M · 3,724
- Retirement Plan for Employees of Puget Sound Energy, Inc. (WA) $786M · 1,911
- Schneider Electric Pension Plan (IL) $786M · 1,688
Frequently Asked Questions
How did The Hershey Company Retirement Plan assets move in 2023? ▼
How have The Hershey Company plan assets changed over time? ▼
Where does The Hershey Company Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to The Hershey Company Retirement Plan? ▼
Next read for The Hershey Company Retirement Plan
Filing takeaways
Ways to act on The Hershey Company Retirement Plan's numbers.
- By total assets, The Hershey Company Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
- The Hershey Company's sponsor-wide assets have grown 11.9% since 2022 across 3 plan years on file. More Manufacturing plans