Defined Benefit (Pension)
2023 plan-year Defined Benefit (Pension) DOL Form 5500

Hickory Springs Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Hickory Springs Manufacturing Co · North Carolina · Manufacturing

What the 2023 filing shows

Hickory Springs Retirement Plan holds $61M for 359 participants — about $170,016 per participant, down 51.9% over the 2023 plan year.

$61M
total plan assets (2023 EOY)
359
covered participants
$170,016
avg assets per participant
-51.9%
assets change YoY

The plan reported a net loss of $66M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$61M
Participants
359
Industry
Manufacturing

What the Filing Says About Hickory Springs Retirement Plan

Hickory Springs Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Hickory Springs Manufacturing Co, headquartered in North Carolina. As of the 2023 Form 5500 filing, the plan reports $61M in total end-of-year assets and covers 359 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 560494395, and the plan has been effective since 1970-09-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $127M at the beginning of 2023 to $61M at year-end — a decline of 51.9%. Net assets (after liabilities) closed the year at $61M, with reported net income of $-65,938,298 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$127M
Total Assets (End of Year)$61M
Net Assets (End of Year)$61M
Net Income$-65,938,298
Plan TypeDefined Benefit (Pension)
Employer EIN560494395
Plan Effective Date1970-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hickory Springs Manufacturing Co)

Year Plans Participants Total Assets
2022 2 2,720 $190M
2023 2 2,524 $132M
2024 2 2,254 $137M

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Hickory Springs Retirement Plan?
As of the 2023 Form 5500 filing, Hickory Springs Retirement Plan holds $61M in total assets with 359 participants. It is sponsored by Hickory Springs Manufacturing Co.
What type of plan is Hickory Springs Retirement Plan?
Hickory Springs Retirement Plan is a Defined Benefit (Pension) plan. It has been effective since 1970-09-01. The plan is filed with the U.S. Department of Labor under EIN 560494395.
Who sponsors the Hickory Springs Retirement Plan?
Hickory Springs Retirement Plan is sponsored by Hickory Springs Manufacturing Co, located in North Carolina. The sponsor's EIN is 560494395 and the plan operates in the Manufacturing industry.
How did Hickory Springs Retirement Plan perform in 2023?
Hickory Springs Retirement Plan declined by 51.9% during 2023, moving from $127M to $61M in total assets. Net income was $-65,938,298.
Where can I find official filings for Hickory Springs Retirement Plan?
Official Form 5500 filings for Hickory Springs Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 560494395 or plan name at efast.dol.gov.
How does Hickory Springs Retirement Plan compare to other plans?
You can compare Hickory Springs Retirement Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in North Carolina on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 560494395.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.