401(k) · DOL Form 5500 · 2023

Belk Stores Services, LLC 401(k) Plan

Data updated 2026-08-11

$379M
Total assets: 21,534
Participants: 97th
Percentile by assets: $17,623
Avg per participant

Official DOL plan name: Belk 401(k) Savings Plan · Sponsored by Belk Stores Services, LLC · North Carolina · Retail Trade

$379M in assets, 21,534 participants

Belk Stores Services, LLC's Belk 401(k) Savings Plan reported $379M in total assets and 21,534 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)
#8,252 in Retail Trade (8,414 peers)

Coverage in North Carolina

Belk 401(k) Savings Plan covers 21,534 participants in North Carolina, 26x the typical North Carolina plan (state average ~819 per filing). Assets: $379M.

$379M
total plan assets (2023 EOY): 21,534
covered participants: 97th
percentile by assets (of 127,072 plans): $17,623
avg assets per participant

Belk 401(k) Savings Plan reported net income rose from -$75M in the plan year 2022 filing to $37M in the plan year 2023 filing.
Belk 401(k) Savings Plan end-of-year assets rose from $342M in the plan year 2022 filing to $379M in the plan year 2023 filing.
Belk 401(k) Savings Plan reported participants rose from 21,340 in the plan year 2022 filing to 21,534 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

North Carolina

Industry

Retail Trade

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Belk 401(k) Savings Plan reports 21,534 participants - 26x that state average ($379M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$342M
Net Assets (End of Year)	$379M
Net Income	$37M
Employer EIN	560616731
Plan Effective Date	1942-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Belk Stores Services, LLC)

Total plan assets by year, all Belk Stores Services, LLC plans on file

Year	Plans	Participants	Total Assets
2022	2	22,245	$580M
2023	2	22,344	$651M
2024	2	20,934	$710M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Belk 401(k) 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 Belk 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for Belk 401(k) Savings Plan

Belk 401(k) Savings Plan reports $379M in end-of-year assets across 21,534 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.023% of 93,925,755 covered participants) - about $17,623 per participant (13% of the national average assets-per-participant) . Net income for plan year 2023 was $37M.

This plan identity (EIN 560616731, plan #333) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $342M to $401M (+17.0%) while covered participants moved from 21,340 to 20,210 . Single-year sparse filers cannot show that trail.

Plan year	Participants	EOY assets	Filing
2022	21,340	$342M	Open filing
2023	21,534	$379M	This page
2024 · index core	20,210	$401M	Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Belk 401(k) Savings Plan (401(k), $401M, 20,210 participants)
Belk Pension Plan (Defined Benefit (Pension), $310M, 724 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Belk 401(k) Savings Plan by total assets, not by location.

St. Luke's Hospital of Duluth Savings Plan (MN) $380M · 2,797
Idemia Retirement Savings Plan (VA) $379M · 2,662
Oregon Anesthesiology Group, P.C. 401(k) Profit Sharing Plan (OR) $379M · 263
Hmshost 401(k) Retirement Savings Plan and Trust (MD) $380M · 15,836

Frequently Asked Questions

How did Belk 401(k) Savings Plan assets move in 2023? ▼

Belk 401(k) Savings Plan grew at a solid clip - up 10.9% during 2023, from $342M to $379M. Reported net income was $37M.

How have Belk Stores Services, LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Belk Stores Services, LLC's sponsor-wide assets grew 22.6%, from $580M to $710M.

Where does Belk 401(k) Savings Plan rank by assets among Form 5500 filers? ▼

Belk 401(k) 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 Belk 401(k) Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is St. Luke's Hospital of Duluth Savings Plan in MN ($380M, 2,797 participants).

Next read for Belk 401(k) Savings Plan

Filing takeaways

Ways to act on Belk 401(k) Savings Plan's numbers.

By total assets, Belk 401(k) 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
Belk Stores Services, LLC's sponsor-wide assets have grown 22.6% since 2022 across 3 plan years on file. More Retail Trade 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 560616731.