Defined Benefit (Pension) · DOL Form 5500 · 2023

Valvoline LLC Pension Plan

Data updated 2026-08-25

$469M
Total assets Above avg plan size
57
Participants Small participant base
97th
Percentile by assets National rank
$8.2M
Avg per participant High balance/head
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Official DOL plan name: Ashland Hercules Pension Plan II · Sponsored by Valvoline LLC · Kentucky · Manufacturing

$469M in assets, 57 participants

Valvoline LLC's Ashland Hercules Pension Plan II reported $469M in total assets and 57 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #17,898 in Manufacturing (18,722 peers)

Where Ashland Hercules Pension Plan II sits by assets

Ashland Hercules Pension Plan II sits in the top 5% of all filed plans by assets, $469M for 57 participants (~$8.2M/participant), up 13.0% in 2023.

#17,898
in Manufacturing (18,722 peers)
+13.0%
assets growth YoY
4.7×
vs typical plan assets (national mean)

Ashland Hercules Pension Plan II's outsized position by total assets

Ashland Hercules Pension Plan II vs every filed plan by assets

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

$468,812,000 Top 3% higher than 97% 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

Ashland Hercules Pension Plan II among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ashland Hercules Pension Plan II is a small filing (57 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ashland Hercules Pension Plan II reported net income rose from -$27M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Ashland Hercules Pension Plan II reported participants fell from 285 in the plan year 2022 filing to 57 in the plan year 2023 filing.
  • Ashland Hercules Pension Plan II end-of-year assets rose from $415M in the plan year 2022 filing to $469M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 611782197 · Valvoline LLC PY 2023 · Defined Benefit (Pension)

Ashland Hercules Pension Plan II · $469M · 57 · 97th

  • PCT $469M
  • EIN 57
  • RANK 97th
  • PHOTO Defined Benefit (Pension)
  • IND near Western States Insulators and Allied Workers' Pension Plan
  • EOY ind #17898

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 Kentucky →

Ashland Hercules Pension Plan II in the asset neighbourhood

Wk Kellogg Co Bakery, Confectionery, Tobacco Workers and Grain Millers Pension PlanWk Kellogg Co Bakery, Confec…$470MAshland Hercules Pension Plan IIAshland Hercules Pension Pla…$469MWestern States Insulators and Allied Workers' Pension PlanWestern States Insulators an…$468MMorgan, Lewis & Bockius LLP Cash Balance PlanMorgan, Lewis & Bockius LLP …$468MAmerican United Life Insurance Company Employees Retirement Plan and TrustAmerican United Life Insuran…$468M
End-of-year total assets ($M) among Ashland Hercules Pension Plan II and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$415M
Net Assets (End of Year)$469M
Net Income$26M
Employer EIN611782197
Plan Effective Date2019-09-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Valvoline LLC)

Sponsor-wide plan assets over time

All Valvoline LLC plans reported in each filing year

Latest sponsor-wide plan assets
$1.4B 0.32776647098153605% vs 2022
2024 filing year
$1.35B$1.4B$1.45B$1.5B 202220232024 $1.36B $1.37B ▲ +0.7%
Year Plans Participants Total Assets
2022 2 602 $1.4B
2023 2 127 $1.5B
2024 2 112 $1.4B

Nearby Defined Benefit (Pension) Plans in Kentucky

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

Ashland Hercules Pension Plan II vs. nearby Defined Benefit (Pension) plans in Kentucky, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 0.20.40.60.811.2 Total assets ($B) Participants Ashland Hercules Pension Plan II, Total assets ($B): 0.468812 · Participants: 57Ashland Hercules Pension Plan IILg&e and Ku Pension Plan, Total assets ($B): 1.112165749 · Participants: 833Lg&e and Ku Pension PlanAshland Hercules Pension Plan, Total assets ($B): 0.984309 · Participants: 70Ashland Hercules Pension PlanYum Brands Retirement Plan, Total assets ($B): 0.734224 · Participants: 3834Yum Brands Retirement PlanBrown-Forman Corporation Salaried Employees Retirement Plan, Total assets ($B): 0.499207588 · Participants: 1160Brown-Forman Corporation Salaried Employees Retirement PlanLexmark Retirement Growth Account Plan, Total assets ($B): 0.354263733 · Participants: 653Lexmark Retirement Growth Account Plan
Ashland Hercules Pension Plan II vs. nearby Defined Benefit (Pension) plans in Kentucky, assets vs. participants
Compare Ashland Hercules Pension Plan II side-by-side with 3 peers →

Ashland Hercules Pension Plan II's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Kentucky, the nearest Defined Benefit (Pension) by assets is Western States Insulators and Allied Workers' Pension Plan in CA ($468M); by covered participants it is Erie and Niagara Insurance Association Cash Balance Retirement Plan in NY (57 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (57 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 Ashland Hercules Pension Plan II assets move in 2023? ▼
Ashland Hercules Pension Plan II grew at a solid clip - up 13.0% during 2023, from $415M to $469M. Reported net income was $26M.
How have Valvoline LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Valvoline LLC's sponsor-wide assets grew 0.3%, from $1.4B to $1.4B.
Where does Ashland Hercules Pension Plan II rank by assets among Form 5500 filers? ▼
Ashland Hercules Pension Plan II ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Ashland Hercules Pension Plan II? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Western States Insulators and Allied Workers' Pension Plan in CA ($468M, 3,325 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Ashland Hercules Pension Plan II? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Erie and Niagara Insurance Association Cash Balance Retirement Plan in NY (57 participants, $10M 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 611782197.

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.