401(k) · DOL Form 5500 · 2023

Hickory Springs Manufacturing Company 401(k) Plan

Data updated 2026-08-25

$71M
Total assets Below avg plan size
2,165
Participants Above avg headcount
89th
Percentile by assets National rank
$32,624
Avg per participant Low balance/head
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Official DOL plan name: Hickory Springs Employees 401(k) Plan · Sponsored by Hickory Springs Manufacturing Company · North Carolina · Manufacturing

$71M in assets, 2,165 participants

Hickory Springs Manufacturing Company's Hickory Springs Employees 401(k) Plan reported $71M in total assets and 2,165 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #15,590 in Manufacturing (18,722 peers)

Coverage in North Carolina

Hickory Springs Employees 401(k) Plan covers 2,165 participants in North Carolina, 2.6x the typical North Carolina plan (state average ~819 per filing). Assets: $71M.

#15,590
in Manufacturing (18,722 peers)
+11.1%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Hickory Springs Employees 401(k) Plan's outsized position by total assets

Hickory Springs Employees 401(k) Plan vs every filed plan by assets

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

$70,629,892 Top 11% higher than 89% 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 Employees 401(k) 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. Hickory Springs Employees 401(k) Plan lands in the large band (2,165 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Hickory Springs Employees 401(k) Plan reported net income rose from -$17M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Hickory Springs Employees 401(k) Plan end-of-year assets rose from $64M in the plan year 2022 filing to $71M in the plan year 2023 filing.
  • Hickory Springs Employees 401(k) Plan reported participants fell from 2,323 in the plan year 2022 filing to 2,165 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 560494395 · Hickory Springs Manufacturing Company PY 2023 · 401(k)

Hickory Springs Employees 401(k) Plan · $71M · 2,165 · 89th

  • NET $71M
  • BOOK 2,165
  • VS-ST 89th
  • BOY 401(k)
  • SCH near The Colony Group, LLC 401(k) Profit Sharing Plan
  • EBSA ind #15590

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 Employees 401(k) Plan in the asset neighbourhood

Boardriders 401(k) Employee Savings PlanBoardriders 401(k) Employee …$71MHickory Springs Employees 401(k) PlanHickory Springs Employees 40…$71MThe Colony Group, LLC 401(k) Profit Sharing PlanThe Colony Group, LLC 401(k)…$71MFusion Medical Staffing LLC 401(k) PlanFusion Medical Staffing LLC …$71MYkk Ap America Inc. 401(k) Retirement PlanYkk Ap America Inc. 401(k) R…$71M
End-of-year total assets ($M) among Hickory Springs Employees 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$71M
Net Income$7M
Employer EIN560494395
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hickory Springs Manufacturing Company)

Sponsor-wide plan assets over time

All Hickory Springs Manufacturing Company 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 401(k) Plans in North Carolina

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

Hickory Springs Employees 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Hickory Springs Employees 401(k) Plan, Total assets ($B): 0.070629892 · Participants: 2165Hickory Springs Employees 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Hickory Springs Employees 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Hickory Springs Employees 401(k) Plan side-by-side with 3 peers →

Hickory Springs Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is The Colony Group, LLC 401(k) Profit Sharing Plan in MA ($71M); by covered participants it is R.C. Willey Home Furnishings Combined Retirement Investment Savings Plan in UT (2,165 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,165 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 Employees 401(k) Plan assets move in 2023? ▼
Hickory Springs Employees 401(k) Plan grew at a solid clip - up 11.1% during 2023, from $64M to $71M. Reported net income was $7M.
How have Hickory Springs Manufacturing Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hickory Springs Manufacturing Company's sponsor-wide assets declined 28.2%, from $190M to $137M.
Where does Hickory Springs Employees 401(k) Plan rank by assets among Form 5500 filers? ▼
Hickory Springs Employees 401(k) Plan ranks in the 89th 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 401(k) plans are similar in size to Hickory Springs Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Colony Group, LLC 401(k) Profit Sharing Plan in MA ($71M, 350 participants).
Which 401(k) plans cover a similar participant headcount to Hickory Springs Employees 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is R.C. Willey Home Furnishings Combined Retirement Investment Savings Plan in UT (2,165 participants, $167M 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.