401(k) · DOL Form 5500 · 2023

The Hershey Company 401(k) Plan

Data updated 2026-08-11

$2.0B
Total assets
10,921
Participants
99th
Percentile by assets
$182,955
Avg per participant
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Official DOL plan name: The Hershey Company 401(k) Plan · Sponsored by The Hershey Company · Pennsylvania · Manufacturing

$2.0B in assets, 10,921 participants

The Hershey Company's The Hershey Company 401(k) Plan reported $2.0B in total assets and 10,921 participants in its 2023 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 127,072 plans)
  • #18,480 in Manufacturing (18,722 peers)

Coverage in Pennsylvania

The Hershey Company 401(k) Plan covers 10,921 participants in Pennsylvania, 13x the typical Pennsylvania plan (state average ~822 per filing). Assets: $2.0B.

$2.0B
total plan assets (2023 EOY)
10,921
covered participants
99th
percentile by assets (of 127,072 plans)
$182,955
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Hershey Company 401(k) Plan reported net income rose from -$370M in the plan year 2022 filing to $237M in the plan year 2023 filing.
  • The Hershey Company 401(k) Plan end-of-year assets rose from $1.8B in the plan year 2022 filing to $2.0B in the plan year 2023 filing.
  • The Hershey Company 401(k) Plan reported participants rose from 10,065 in the plan year 2022 filing to 10,921 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State
Pennsylvania
Industry
Manufacturing

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. The Hershey Company 401(k) Plan reports 10,921 participants - 13x that state average ($2.0B EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)$1.8B
Net Assets (End of Year)$2.0B
Net Income$237M
Employer EIN230691590
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Hershey Company)

$2.5B$2.6B$2.7B$2.8B$2.9B$3B 202220232024 $2.57B $2.87B ▲ +11.7%
Total plan assets by year, all The Hershey Company plans on file
Year Plans Participants Total Assets
2022 4 12,923 $2.6B
2023 5 14,683 $2.8B
2024 4 14,048 $2.9B

Nearby 401(k) Plans in Pennsylvania

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

The Hershey Company 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants

The Hershey Company 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 05101520 Total assets ($B) Participants The Hershey Company …Comcast Corporation …Cigna 401(k) PlanThe Vanguard Retirem…The PNC Financial Se…The Bank of New York…
The Hershey Company 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare The Hershey Company 401(k) Plan side-by-side with 3 peers →

Scale composition for The Hershey Company 401(k) Plan

The Hershey Company 401(k) Plan reports $2.0B in end-of-year assets across 10,921 participants (0.016% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $182,955 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2023 was $237M.

This plan identity (EIN 230691590, plan #010) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.8B to $2.1B (+21.1%) while covered participants moved from 10,065 to 11,492 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 10,065 $1.8B Open filing
2023 10,921 $2.0B This page
2024 · index core 11,492 $2.1B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Hershey Company 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did The Hershey Company 401(k) Plan assets move in 2023? ▼
The Hershey Company 401(k) Plan grew at a solid clip - up 13.4% during 2023, from $1.8B to $2.0B. Reported net income was $237M.
How have The Hershey Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Hershey Company's sponsor-wide assets grew 11.9%, from $2.6B to $2.9B.
Where does The Hershey Company 401(k) Plan rank by assets among Form 5500 filers? ▼
The Hershey Company 401(k) Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to The Hershey Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bain and Company, Inc. 401(k) Savings Plan in MA ($2.0B, 6,210 participants).

Next read for The Hershey Company 401(k) Plan

Filing takeaways

Ways to act on The Hershey Company 401(k) Plan's numbers.

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 230691590.

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.