Defined Benefit (Pension) · DOL Form 5500 · 2023

Butterball, LLC Pension Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
320
Participants Below avg headcount
81st
Percentile by assets National rank
$107,909
Avg per participant Below avg balance/head
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Official DOL plan name: Carolina Turkeys Employees' Pension Plan · Sponsored by Butterball, LLC · North Carolina · Agriculture, Forestry & Fishing

$35M in assets, 320 participants

Butterball, LLC's Carolina Turkeys Employees' Pension Plan reported $35M in total assets and 320 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #1,132 in Agriculture, Forestry & Fishing (1,288 peers)

Coverage in North Carolina

Carolina Turkeys Employees' Pension Plan covers 320 participants in North Carolina, about 39% of the average North Carolina filer (state average ~819 per filing). Assets: $35M.

#1,132
in Agriculture, Forestry & Fishing (1,288 peers)
+13.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Carolina Turkeys Employees' Pension Plan's outsized position by total assets

Carolina Turkeys Employees' Pension Plan vs every filed plan by assets

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

$34,530,903 Top 19% higher than 81% 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

Carolina Turkeys Employees' Pension 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. Carolina Turkeys Employees' Pension Plan sits mid-pack in the medium band (320 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Carolina Turkeys Employees' Pension Plan reported net income rose from -$8M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Carolina Turkeys Employees' Pension Plan end-of-year assets rose from $31M in the plan year 2022 filing to $35M in the plan year 2023 filing.
  • Carolina Turkeys Employees' Pension Plan reported participants fell from 340 in the plan year 2022 filing to 320 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 561458630 · Butterball, LLC PY 2023 · Defined Benefit (Pension)

Carolina Turkeys Employees' Pension Plan · $35M · 320 · 81st

  • SCH $35M
  • SCH 320
  • SCH 81st
  • SCH Defined Benefit (Pension)
  • SCH near The Defined Benefit Pension Plan of United Way of Greater Toledo and Affiliated Agencies
  • SCH ind #1132

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 Agriculture, Forestry & Fishing retirement plans → · Plans in North Carolina →

Carolina Turkeys Employees' Pension Plan in the asset neighbourhood

Carolina Turkeys Employees' Pension PlanCarolina Turkeys Employees' …$35MThe Defined Benefit Pension Plan of United Way of Greater Toledo and Affiliated AgenciesThe Defined Benefit Pension …$35MInternational Association of Heat, Frost Insulators & Allied Workers Lu 91 Pension FundInternational Association of…$35MRetirement Plan for Employees of Dana-Farber Cancer Institute, IncRetirement Plan for Employee…$34MBabcock Power Pension Plan$34M
End-of-year total assets ($M) among Carolina Turkeys Employees' Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$35M
Net Income$4M
Employer EIN561458630
Plan Effective Date1986-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Butterball, LLC)

Sponsor-wide plan assets over time

All Butterball, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$189M 24.009109566185302% vs 2022
2024 filing year
$140M$160M$180M$200M 202220232024 $152M $189M ▲ +24.0%
Year Plans Participants Total Assets
2022 3 7,108 $152M
2023 2 5,829 $175M
2024 2 5,374 $189M

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Carolina Turkeys Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -505101520 Total assets ($B) Participants Carolina Turkeys Employees' Pension Plan, Total assets ($B): 0.034530903 · Participants: 320Carolina Turkeys Employees' Pension 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
Carolina Turkeys Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Carolina Turkeys Employees' Pension Plan side-by-side with 3 peers →

Carolina Turkeys Employees' Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is The Defined Benefit Pension Plan of United Way of Greater Toledo and Affiliated Agencies in OH ($35M); by covered participants it is Aar Corp. Retirement Plan in IL (320 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (320 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 Carolina Turkeys Employees' Pension Plan assets move in 2023? ▼
Carolina Turkeys Employees' Pension Plan grew at a solid clip - up 13.0% during 2023, from $31M to $35M. Reported net income was $4M.
How have Butterball, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Butterball, LLC's sponsor-wide assets grew 24.0%, from $152M to $189M.
Where does Carolina Turkeys Employees' Pension Plan rank by assets among Form 5500 filers? ▼
Carolina Turkeys Employees' Pension Plan ranks in the 81st 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 Carolina Turkeys Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Defined Benefit Pension Plan of United Way of Greater Toledo and Affiliated Agencies in OH ($35M, 78 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Carolina Turkeys Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Aar Corp. Retirement Plan in IL (320 participants, $4M 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 561458630.

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.