Defined Benefit (Pension) · DOL Form 5500 · 2024
Hess Corporation Pension Plan
Data updated 2026-08-06
- $1.9B
- Total assets
- 1,414
- Participants
- 99th
- Percentile by assets
- $1.3M
- Avg per participant
Official DOL plan name: Hess Corporation Employees' Pension Plan · Sponsored by Hess Corporation · Texas · Manufacturing
$1.9B in assets, 1,414 participants
Hess Corporation's Hess Corporation Employees' Pension Plan reported $1.9B in total assets and 1,414 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 116,472 plans)
- #16,624 in Manufacturing (16,886 peers)
Coverage in Texas
Hess Corporation Employees' Pension Plan covers 1,414 participants in Texas, 2.0x the typical Texas plan (state average ~704 per filing). Assets: $1.9B.
- $1.9B
- total plan assets (2024 EOY)
- 1,414
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $1.3M
- avg assets per participant
The plan reported a net loss of $18M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Hess Corporation Employees' Pension Plan reported net income rose from -$40M in the plan year 2023 filing to -$18M in the plan year 2024 filing.
- Hess Corporation Employees' Pension Plan reported participants rose from 1,324 in the plan year 2023 filing to 1,414 in the plan year 2024 filing.
- Hess Corporation Employees' Pension Plan end-of-year assets fell from $1.9B in the plan year 2023 filing to $1.9B in the plan year 2024 filing.
Participants vs Texas filers
In Texas, the average filing covers about 704 participants across 9,718 plans. Hess Corporation Employees' Pension Plan reports 1,414 participants - 2.0x that state average ($1.9B EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $1.9B |
|---|---|
| Net Assets (End of Year) | $1.9B |
| Net Income | -$18M |
| Employer EIN | 134921002 |
| Plan Effective Date | 1972-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hess Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 2,731 | $2.9B |
| 2023 | 2 | 2,811 | $2.9B |
| 2024 | 2 | 3,021 | $3.0B |
Nearby Defined Benefit (Pension) Plans in Texas
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Hess Corporation Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
- AT&T Pension Benefit Plan $28.3B · 100,400
- Exxonmobil Pension Plan $12.1B · 22,000
- Chevron Retirement Plan $9.7B · 21,297
- Shell Pension Plan $9.7B · 12,688
- Caterpillar Inc. Retirement Income Plan $9.2B · 11,498
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Hess Corporation Employees' Pension Plan by total assets, not by location.
- Macys Inc Cash Account Pension Plan (OH) $1.9B · 17,160
- Pepco Holdings LLC Retirement Plan (IL) $1.9B · 3,199
- Kpmg Partner Pension Plan (NJ) $1.9B · 2,423
- Harley-Davidson Retirement Plan (WI) $1.9B · 1,414
Frequently Asked Questions
How did Hess Corporation Employees' Pension Plan assets move in 2024? ▼
How have Hess Corporation plan assets changed over time? ▼
Where does Hess Corporation Employees' Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Hess Corporation Employees' Pension Plan? ▼
Next read for Hess Corporation Employees' Pension Plan
Filing takeaways
Ways to act on Hess Corporation Employees' Pension Plan's numbers.
- By total assets, Hess Corporation Employees' Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Texas. Compare plans
- Hess Corporation's sponsor-wide assets have grown 4.8% since 2022 across 3 plan years on file. More Manufacturing plans