Defined Benefit (Pension) · DOL Form 5500 · 2023

The Hershey Company Pension Plan

Data updated 2026-08-25

$785M
Total assets Above avg plan size
2,569
Participants Above avg headcount
98th
Percentile by assets National rank
$305,680
Avg per participant High balance/head
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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.

  • #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.

#18,156
in Manufacturing (18,722 peers)
+59.7%
assets growth YoY
7.9×
vs typical plan assets (national mean)

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.

The Hershey Company Retirement Plan's outsized position by total assets

The Hershey Company Retirement Plan vs every filed plan by assets

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

$785,291,744 Top 2% higher than 98% 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

The Hershey Company Retirement 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. The Hershey Company Retirement Plan lands in the large band (2,569 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 230691590 · The Hershey Company PY 2023 · Defined Benefit (Pension)

The Hershey Company Retirement Plan · $785M · 2,569 · 98th

  • NET $785M
  • BOOK 2,569
  • VS-ST 98th
  • BOY Defined Benefit (Pension)
  • SCH near Csaa Insurance Group Cash Balance Retirement Plan
  • EBSA ind #18156

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 Pennsylvania →

The Hershey Company Retirement Plan in the asset neighbourhood

Schneider Electric Pension PlanSchneider Electric Pension P…$786MRetirement Plan for Employees of Puget Sound Energy, Inc.Retirement Plan for Employee…$786MThe Hershey Company Retirement PlanThe Hershey Company Retireme…$785MCsaa Insurance Group Cash Balance Retirement PlanCsaa Insurance Group Cash Ba…$785MNorthwest Ironworkers Retirement PlanNorthwest Ironworkers Retire…$785M
End-of-year total assets ($M) among The Hershey Company Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$492M
Net Assets (End of Year)$785M
Net Income-$6M
Employer EIN230691590
Plan Effective Date1941-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Hershey Company)

Sponsor-wide plan assets over time

All The Hershey Company plans reported in each filing year

Latest sponsor-wide plan assets
$2.9B 11.883862972141115% vs 2022
2024 filing year
$2.5B$2.6B$2.7B$2.8B$2.9B$3B 202220232024 $2.57B $2.87B ▲ +11.7%
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 Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants The Hershey Company Retirement Plan, Total assets ($B): 0.785291744 · Participants: 2569The Hershey Company Retirement PlanNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
The Hershey Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare The Hershey Company Retirement Plan side-by-side with 3 peers →

The Hershey Company Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Csaa Insurance Group Cash Balance Retirement Plan in CA ($785M); by covered participants it is Western & Southern Financial Group Pension Plan in OH (2,578 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($785M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,569 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 The Hershey Company Retirement Plan assets move in 2023? ▼
The Hershey Company Retirement Plan surged - up 59.7% during 2023, from $492M to $785M. Reported net income was -$6M.
How have The Hershey Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Hershey Company's sponsor-wide assets grew 11.9%, from $2.6B to $2.9B.
Where does The Hershey Company Retirement Plan rank by assets among Form 5500 filers? ▼
The Hershey Company Retirement Plan ranks in the 98th 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 Defined Benefit (Pension) plans are similar in size to The Hershey Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Csaa Insurance Group Cash Balance Retirement Plan in CA ($785M, 2,152 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Hershey Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Western & Southern Financial Group Pension Plan in OH (2,578 participants, $1.1B 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 230691590.

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.