401(k) · DOL Form 5500 · 2024

Ng Operations, LLC 401(k) Plan

Data updated 2026-08-11

$467M
Total assets: 2,700
Participants: 97th
Percentile by assets: $172,825
Avg per participant

Official DOL plan name: National Gypsum 401(k) and Retirement Savings Plan · Sponsored by Ng Operations, LLC · North Carolina · Manufacturing

$467M in assets, 2,700 participants

Ng Operations, LLC's National Gypsum 401(k) and Retirement Savings Plan reported $467M in total assets and 2,700 participants in its 2024 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.

97th percentile by assets (of 123,622 plans)
#16,936 in Manufacturing (17,777 peers)

Coverage in North Carolina

National Gypsum 401(k) and Retirement Savings Plan covers 2,700 participants in North Carolina, 3.3x the typical North Carolina plan (state average ~819 per filing). Assets: $467M.

$467M
total plan assets (2024 EOY): 2,700
covered participants: 97th
percentile by assets (of 123,622 plans): $172,825
avg assets per participant

Where National Gypsum 401(k) and Retirement Savings Plan sits by total assets

National Gypsum 401(k) and Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$466,627,936 Top 3% higher than 97% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

National Gypsum 401(k) and Retirement Savings Plan end-of-year assets rose from $417M in the plan year 2023 filing to $467M in the plan year 2024 filing.
National Gypsum 401(k) and Retirement Savings Plan reported net income fell from $53M in the plan year 2023 filing to $49M in the plan year 2024 filing.
National Gypsum 401(k) and Retirement Savings Plan reported participants rose from 2,561 in the plan year 2023 filing to 2,700 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. National Gypsum 401(k) and Retirement Savings Plan reports 2,700 participants - 3.3x that state average ($467M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$417M
Net Assets (End of Year)	$467M
Net Income	$49M
Employer EIN	853196048
Plan Effective Date	1980-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Ng Operations, LLC)

Total plan assets by year, all Ng Operations, LLC plans on file

Year	Plans	Participants	Total Assets
2022	3	3,441	$553M
2023	3	3,355	$616M
2024	3	3,452	$655M

Nearby 401(k) Plans in North Carolina

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

National Gypsum 401(k) and Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

The Bank of America 401(k) Plan $62.9B · 168,963
Honeywell 401(k) Plan $16.3B · 39,468
Duke Energy Retirement Savings Plan $11.3B · 27,341
Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699

Compare National Gypsum 401(k) and Retirement Sa… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to National Gypsum 401(k) and Retirement Savings Plan by total assets, not by location.

Multi-Color 401(k) Savings Plan (OH) $467M · 4,519
Here North America, LLC Retirement Savings and Investment Plan (IL) $466M · 833
Employees' Retirement and Savings Plan of Carter Machinery Company, Inc. (VA) $466M · 2,925
Brookdale Senior Living Inc. 401(k) Retirement Savings Plan (TN) $466M · 34,641

Frequently Asked Questions

How did National Gypsum 401(k) and Retirement Savings Plan assets move in 2024? ▼

National Gypsum 401(k) and Retirement Savings Plan grew at a solid clip - up 11.8% during 2024, from $417M to $467M. Reported net income was $49M.

How have Ng Operations, LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Ng Operations, LLC's sponsor-wide assets grew 18.4%, from $553M to $655M.

Where does National Gypsum 401(k) and Retirement Savings Plan rank by assets among Form 5500 filers? ▼

National Gypsum 401(k) and Retirement Savings Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to National Gypsum 401(k) and Retirement Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Multi-Color 401(k) Savings Plan in OH ($467M, 4,519 participants).

Next read for National Gypsum 401(k) and Retirement Sa…

Filing takeaways

Ways to act on National Gypsum 401(k) and Retirement Savings Plan's numbers.

By total assets, National Gypsum 401(k) and Retirement Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
Ng Operations, LLC's sponsor-wide assets have grown 18.4% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 853196048.