Defined Benefit (Pension) · DOL Form 5500 · 2023

Hickory Springs Manufacturing Co Pension Plan

Data updated 2026-08-25

$61M
Total assets Below avg plan size
359
Participants Below avg headcount
87th
Percentile by assets National rank
$170,016
Avg per participant Above avg balance/head
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Official DOL plan name: Hickory Springs Retirement Plan · Sponsored by Hickory Springs Manufacturing Co · North Carolina · Manufacturing

$61M in assets, 359 participants

Hickory Springs Manufacturing Co's Hickory Springs Retirement Plan reported $61M in total assets and 359 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #15,267 in Manufacturing (18,722 peers)

Coverage in North Carolina

Hickory Springs Retirement Plan covers 359 participants in North Carolina, about 44% of the average North Carolina filer (state average ~819 per filing). Assets: $61M.

#15,267
in Manufacturing (18,722 peers)
-51.9%
assets change YoY
0.6×
vs typical plan assets (national mean)

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.

Hickory Springs Retirement Plan's outsized position by total assets

Hickory Springs Retirement Plan vs every filed plan by assets

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

$61,035,570 Top 13% higher than 87% 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

Hickory Springs Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hickory Springs Retirement Plan sits mid-pack in the medium band (359 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hickory Springs Retirement Plan reported net income fell from -$40M in the plan year 2022 filing to -$66M in the plan year 2023 filing.
  • Hickory Springs Retirement Plan end-of-year assets fell from $127M in the plan year 2022 filing to $61M in the plan year 2023 filing.
  • Hickory Springs Retirement Plan reported participants fell from 397 in the plan year 2022 filing to 359 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 560494395 · Hickory Springs Manufacturing Co PY 2023 · Defined Benefit (Pension)

Hickory Springs Retirement Plan · $61M · 359 · 87th

  • TYPE $61M
  • NET 359
  • BOOK 87th
  • VS-ST Defined Benefit (Pension)
  • BOY near Plan De Pensiones Cooperativa De Seguros Multiples
  • SCH ind #15267

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 North Carolina →

Hickory Springs Retirement Plan in the asset neighbourhood

Operative Plasterers' and Cement Masons' Local No. 18 Pension PlanOperative Plasterers' and Ce…$61MAmerican Sugar Refining and Subsidiaries Pension PAmerican Sugar Refining and …$61MHickory Springs Retirement PlanHickory Springs Retirement P…$61MPlan De Pensiones Cooperativa De Seguros MultiplesPlan De Pensiones Cooperativ…$61MTuscaloosa Plumbers & Steamfitters Local 372 Pension PlanTuscaloosa Plumbers & Steamf…$61M
End-of-year total assets ($M) among Hickory Springs Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$127M
Net Assets (End of Year)$61M
Net Income-$66M
Employer EIN560494395
Plan Effective Date1970-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hickory Springs Manufacturing Co)

Sponsor-wide plan assets over time

All Hickory Springs Manufacturing Co plans reported in each filing year

Latest sponsor-wide plan assets
$137M 28.162835370495433% vs 2022
2024 filing year
$120M$140M$160M$180M$200M 202220232024 $190M $137M ▼ -28.2%
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.

Hickory Springs Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -505101520 Total assets ($B) Participants Hickory Springs Retirement Plan, Total assets ($B): 0.06103557 · Participants: 359Hickory Springs Retirement PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.613752395 · Participants: 11145Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.582387965 · Participants: 45818Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.0264 · Participants: 14485Duke Energy Retirement Cash Balance PlanDuke Energy Legacy Pension Plan, Total assets ($B): 3.3721 · Participants: 371Duke Energy Legacy Pension PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.616859519 · Participants: 21020Employees' Retirement Plan of Duke University
Hickory Springs Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Hickory Springs Retirement Plan side-by-side with 3 peers →

Hickory Springs Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Plan De Pensiones Cooperativa De Seguros Multiples in PR ($61M); by covered participants it is Florida Crystals Corporation Pension Plan in FL (359 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (359 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 Hickory Springs Retirement Plan assets move in 2023? ▼
Hickory Springs Retirement Plan contracted severely - down 51.9% during 2023, from $127M to $61M. Reported net income was -$66M.
How have Hickory Springs Manufacturing Co plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hickory Springs Manufacturing Co's sponsor-wide assets declined 28.2%, from $190M to $137M.
Where does Hickory Springs Retirement Plan rank by assets among Form 5500 filers? ▼
Hickory Springs Retirement Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Hickory Springs Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Plan De Pensiones Cooperativa De Seguros Multiples in PR ($61M, 157 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Hickory Springs Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Florida Crystals Corporation Pension Plan in FL (359 participants, $83M 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 560494395.

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.