Defined Benefit (Pension) · DOL Form 5500 · 2024
Belk Stores Services, LLC Pension Plan
Data updated 2026-08-11
- $310M
- Total assets
- 724
- Participants
- 96th
- Percentile by assets
- $427,871
- Avg per participant
Official DOL plan name: Belk Pension Plan · Sponsored by Belk Stores Services, LLC · North Carolina · Retail Trade
$310M in assets, 724 participants
Belk Stores Services, LLC's Belk Pension Plan reported $310M in total assets and 724 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 123,622 plans)
- #7,846 in Retail Trade (8,048 peers)
Where Belk Pension Plan sits by assets
Belk Pension Plan sits in the top 5% of all filed plans by assets, $310M for 724 participants (~$427,871/participant), up 14.1% in 2024.
- $310M
- total plan assets (2024 EOY)
- 724
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $427,871
- avg assets per participant
The plan reported a net loss of $4M 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
- Belk Pension Plan reported net income fell from $10M in the plan year 2023 filing to -$4M in the plan year 2024 filing.
- Belk Pension Plan end-of-year assets rose from $271M in the plan year 2023 filing to $310M in the plan year 2024 filing.
- Belk Pension Plan reported participants fell from 810 in the plan year 2023 filing to 724 in the plan year 2024 filing.
Belk Pension Plan vs the 2024 asset distribution
By assets, Belk Pension Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.1x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $271M |
|---|---|
| Net Assets (End of Year) | $223M |
| Net Income | -$4M |
| Employer EIN | 560616731 |
| Plan Effective Date | 1969-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Belk Stores Services, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 22,245 | $580M |
| 2023 | 2 | 22,344 | $651M |
| 2024 | 2 | 20,934 | $710M |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Belk Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
- Honeywell Retirement Earnings Plan $16.6B · 9,923
- Truist Financial Corporation Pension Plan $14.7B · 38,548
- Duke Energy Retirement Cash Balance Plan $4.7B · 13,576
- Employees' Retirement Plan of Duke University $2.8B · 22,655
- The Hearst Corporation Retirement Plan $2.4B · 1,745
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Belk Pension Plan by total assets, not by location.
- Pennsylvania State Education Association Pension Plan (PA) $310M · 257
- King & Spalding LLP Cash Balance Pension Plan (GA) $309M · 210
- National Life Group Pension Plan for Employees (VT) $309M · 726
- Akin Gump Strauss Hauer & Feld Partners' Retirement Plan (TX) $309M · 291
Frequently Asked Questions
How did Belk Pension Plan assets move in 2024? ▼
How have Belk Stores Services, LLC plan assets changed over time? ▼
Where does Belk Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Belk Pension Plan? ▼
Next read for Belk Pension Plan
Scale reading
Ways to act on Belk Pension Plan's numbers.
- By total assets, Belk Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
- Belk Stores Services, LLC's sponsor-wide assets have grown 22.6% since 2022 across 3 plan years on file. More Retail Trade plans