Defined Benefit (Pension) · DOL Form 5500 · 2024

Butterball, LLC Pension Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
292
Participants Below avg headcount
79th
Percentile by assets National rank
$114,451
Avg per participant Below avg balance/head
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Official DOL plan name: Carolina Turkeys Employees' Pension Plan · Sponsored by Butterball, LLC · North Carolina · Agriculture, Forestry & Fishing

$33M in assets, 292 participants

Butterball, LLC's Carolina Turkeys Employees' Pension Plan reported $33M in total assets and 292 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #1,052 in Agriculture, Forestry & Fishing (1,217 peers)

Coverage in North Carolina

Carolina Turkeys Employees' Pension Plan covers 292 participants in North Carolina, about 36% of the average North Carolina filer (state average ~819 per filing). Assets: $33M.

#1,052
in Agriculture, Forestry & Fishing (1,217 peers)
-3.2%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Carolina Turkeys Employees' Pension Plan's outsized position by total assets

Carolina Turkeys Employees' Pension Plan vs every filed plan by assets

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

$33,419,784 Top 21% higher than 79% of 123,620 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 2024

Carolina Turkeys Employees' Pension Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carolina Turkeys Employees' Pension Plan sits mid-pack in the medium band (292 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Carolina Turkeys Employees' Pension Plan reported net income fell from $4M in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Carolina Turkeys Employees' Pension Plan reported participants fell from 320 in the plan year 2023 filing to 292 in the plan year 2024 filing.
  • Carolina Turkeys Employees' Pension Plan end-of-year assets fell from $35M in the plan year 2023 filing to $33M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 561458630 · Butterball, LLC PY 2024 · Defined Benefit (Pension)

Carolina Turkeys Employees' Pension Plan · $33M · 292 · 79th

  • BOY $33M
  • BOY 292
  • BOY 79th
  • BOY Defined Benefit (Pension)
  • BOY near G.O. Carlson, Inc. Salaried Employees Pension Plan
  • BOY ind #1052

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 Agriculture, Forestry & Fishing retirement plans → · Plans in North Carolina →

Carolina Turkeys Employees' Pension Plan in the asset neighbourhood

G.O. Carlson, Inc. Salaried Employees Pension PlanG.O. Carlson, Inc. Salaried …$33MCarolina Turkeys Employees' Pension PlanCarolina Turkeys Employees' …$33MBowie-Cass Electric Cooperative, Inc. Retirement PlanBowie-Cass Electric Cooperat…$33MPark Community Credit Union Cash Balance Defined Benefit Plan and TrustPark Community Credit Union …$33MKoroseal Interior Products Retirement Income PlanKoroseal Interior Products R…$33M
End-of-year total assets ($M) among Carolina Turkeys Employees' Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$33M
Net Income-$1M
Employer EIN561458630
Plan Effective Date1986-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Butterball, LLC)

Sponsor-wide plan assets over time

All Butterball, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$189M 24.009109566185302% vs 2022
2024 filing year
$140M$160M$180M$200M 202220232024 $152M $189M ▲ +24.0%
Year Plans Participants Total Assets
2022 3 7,108 $152M
2023 2 5,829 $175M
2024 2 5,374 $189M

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Carolina Turkeys Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Carolina Turkeys Employees' Pension Plan, Total assets ($B): 0.033419784 · Participants: 292Carolina Turkeys Employees' Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retirement Cash Balance PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retirement Plan of Duke UniversityThe Hearst Corporation Retirement Plan, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporation Retirement Plan
Carolina Turkeys Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Carolina Turkeys Employees' Pension Plan side-by-side with 3 peers →

Carolina Turkeys Employees' Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is G.O. Carlson, Inc. Salaried Employees Pension Plan in PA ($33M); by covered participants it is Allete and Affiliated Companies Retirement Plan B in MN (292 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (292 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Carolina Turkeys Employees' Pension Plan assets move in 2024? ▼
Carolina Turkeys Employees' Pension Plan edged down modestly - down 3.2% during 2024, from $35M to $33M. Reported net income was -$1M.
How have Butterball, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Butterball, LLC's sponsor-wide assets grew 24.0%, from $152M to $189M.
Where does Carolina Turkeys Employees' Pension Plan rank by assets among Form 5500 filers? ▼
Carolina Turkeys Employees' Pension Plan ranks in the 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Carolina Turkeys Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is G.O. Carlson, Inc. Salaried Employees Pension Plan in PA ($33M, 145 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Carolina Turkeys Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Allete and Affiliated Companies Retirement Plan B in MN (292 participants, $188M in assets).

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 561458630.

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.