Defined Benefit (Pension) · DOL Form 5500 · 2024
Ng Operations, LLC Pension Plan
Data updated 2026-08-11
- $154M
- Total assets
- 476
- Participants
- 93rd
- Percentile by assets
- $324,278
- Avg per participant
Official DOL plan name: National Gypsum General Pension Plan · Sponsored by Ng Operations, LLC · North Carolina · Manufacturing
$154M in assets, 476 participants
Ng Operations, LLC's National Gypsum General Pension Plan reported $154M in total assets and 476 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 123,622 plans)
- #15,929 in Manufacturing (17,777 peers)
Where National Gypsum General Pension Plan sits by assets
National Gypsum General Pension Plan sits in the top 10% of all filed plans by assets, $154M for 476 participants (~$324,278/participant), down 5.4% in 2024.
- $154M
- total plan assets (2024 EOY)
- 476
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $324,278
- avg assets per participant
The plan reported a net loss of $9M 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
- National Gypsum General Pension Plan reported net income fell from $9M in the plan year 2023 filing to -$9M in the plan year 2024 filing.
- National Gypsum General Pension Plan reported participants fell from 506 in the plan year 2023 filing to 476 in the plan year 2024 filing.
- National Gypsum General Pension Plan end-of-year assets fell from $163M in the plan year 2023 filing to $154M in the plan year 2024 filing.
National Gypsum General Pension Plan vs the 2024 asset distribution
By assets, National Gypsum General Pension Plan outranks 93% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $163M |
|---|---|
| Net Assets (End of Year) | $154M |
| Net Income | -$9M |
| Employer EIN | 853196048 |
| Plan Effective Date | 1941-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Ng Operations, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 3,441 | $553M |
| 2023 | 3 | 3,355 | $616M |
| 2024 | 3 | 3,452 | $655M |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
National Gypsum General 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 National Gypsum General Pension Plan by total assets, not by location.
- Plumbers Local 27 Pension Fund (PA) $154M · 663
- Operating Engineers Local No 37 Pension Fund (MD) $154M · 787
- Employees Security Fund of the Elec Ind Pension Plan (NY) $155M · 1,505
- The Restated Noncontributory Retirement Plan for Cooperatives (IA) $155M · 395
Frequently Asked Questions
How did National Gypsum General Pension Plan assets move in 2024? ▼
How have Ng Operations, LLC plan assets changed over time? ▼
Where does National Gypsum General Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to National Gypsum General Pension Plan? ▼
Next read for National Gypsum General Pension Plan
Scale reading
Ways to act on National Gypsum General Pension Plan's numbers.
- By total assets, National Gypsum General Pension Plan ranks in the top 10% 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
- Ng Operations, LLC's sponsor-wide assets have grown 18.4% since 2022 across 3 plan years on file. More Manufacturing plans