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Original filing (PDF)20251013195839NAL0004005250001

HICKORY SPRINGS MANUFACTURING CO

Form 5500
FILING_RECEIVED
HICKORY SPRINGS RETIREMENT PLAN
Defined-benefit pension plan
Signals · 2
~97 bps in Sched C feesNo recordkeeper disclosed
Active participants
292
Accounts w/ balance
Plan assets (EOY)
$61.7M
Net assets (EOY)
$61.6M
How this plan invests
This plan
178 securities
funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)
87
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
55
Participation health
100
Knocking points off
  • 97 bps in Schedule C fees — 505% above peer band of 16 bps.
  • No recordkeeper disclosed on Schedule C.
  • Plan is frozen (1I) — no new benefit accrual.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for HICKORY SPRINGS MANUFACTURING CO.
Plan sponsor
Name
HICKORY SPRINGS MANUFACTURING CO
EIN
56-0494395
Address
PO BOX 128, · 235 2ND AVENUE NW · HICKORY, NC · 28603
Phone
(828) 328-2201
Industry
Manufacturingsee all
Plan administrator
Name
RETIREMENT COMMITTEE HICKORY SPRINGS MANUFACTURING CO.
EIN
56-1168360
City
HICKORY, NC
Phone
(828) 328-2201
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Pension benefit codes
1A · Pay-related DB formula
1I · Frozen plan — no new benefit accrual
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
FORVIS MAZARS LLP
Trustee / custodian
Trustee phone

Service providers (Schedule C)

3 rows
Other
3
NameEINLocationRelationDirect compIndirect comp
WILLIS TOWERS WATSON US LLC52-2211537NONE$344K
SUN LIFE CAPITAL MANAGEMENT US LLC68-0635051NONE$173K
TRUST COMPANY OF TENNESSEE62-1291257NONE$79K

Investments

177 direct securities· $59.3M(96% of reported assets)
Uncategorized
$45.8M
175 holdings
Mutual Funds
$13.3M
1 holding
Corporate Bonds
$99K
1 holding
PIInvestmentTypeShares / unitsCostCurrent value% of plan
Vanguard Instl Index Fund
Mutual Funds
$11.3M$13.3M21.6%
Schroders International Multi-Cap Value$4.7M$4.8M7.8%
Goldman Sachs GQG Ptnrs Intl Opps R6$5.1M$4.7M7.6%
JP Morgan U.S. Small Company R5$4.1M$4.1M6.6%
Government-Stripped and Zero Coupon U.S. Treasury Security Stripped Due 02/15/2045$649K$659K1.1%
U.S. Treasury Security Stripped Due 11/15/2043$640K$591K1.0%
Magnetite XIX Ser CI AR 0.000%, due 4/17/2034$509K$511K0.8%
FREMP Structured Mortgage Variable, due 06/25/2048$417K$427K0.7%
Microsoft Corp. 2.921%, due 3/17/2052$471K$421K0.7%
U.S. Treasury Security Stripped Due 5/15/2047$465K$419K0.7%
Verizon Communications Inc 4.400%, due 11/1/20234$410K$389K0.6%
U.S. Treasury NTS 3.875%, due 8/15/2034$416K$388K0.6%
U.S. Treasury Bond Stripped, 2/15/2046$428K$385K0.6%
U.S. Treasury Bond 4.750%, due 11/15/2053$398K$382K0.6%
JP Morgan Chase Bank 3.882%, due 7/24/2038$388K$371K0.6%
Katayman Clo O Ltd Ser CI A1 Variable, due 10/20/2036$365K$369K0.6%
UnitedHealth Group Inc 4.625%, due 7/15/2035$394K$368K0.6%
U.S. Treasury Security Stripped Due 02/15/2045$396K$363K0.6%
Apple Inc 4.375%, due 5/13/2045$390K$362K0.6%
Mortgage-Backed Obligations Avis Bud Rent Car 2023-8 CI A 6.340%, due 02/20/2030$345K$347K0.6%
Goldman Sachs Group 1.992%, due 1/27/2032$324K$330K0.5%
U.S. Treasury Security Stripped Due2/15/2043$352K$326K0.5%
U.S. Treasury Notes and Bonds U.S. Treasury Bond 4.500%, due 2/15/2044$340K$325K0.5%
SOHO Trust 2021 CI A Variable, due 8/12/2038$273K$316K0.5%
Westlake Autmble Recser 5.480%, due 9/15/2027$307K$312K0.5%
Florida Power & Light 4.050%, due 10/01/2044$333K$310K0.5%
National Rural Utilities Co-op 3.90%, due 11/01/2028$311K$309K0.5%
FASST CMO 3.00%, due 12/25/2072$282K$297K0.5%
Anheuser Busch 5.45%, due 1/23/2039$308K$291K0.5%
Black Diamond Clo Ser Cl A1A Variable, due 11/22/2034$286K$291K0.5%
Municipal Notes and Bonds California St Txble Var Purp-Bld 7.300%, due 10/1/2039$308K$290K0.5%
Manuf & Traders Trust 3.400%, due 8/17/2027$280K$289K0.5%
U.S. Treasury Bond 4.125%, due 8/15/2044$311K$285K0.5%
U.S. Treasury Security Stripped Due 02/15/2048$317K$283K0.5%
Ameren IL Co 3.700%, due 12/1/2047$297K$275K0.4%
FREMF Mtg Tr Ser 2018-K80 Variable, due 7/25/2028$263K$266K0.4%
Bank of America Corp 2.087%, due 6/14/2029$259K$263K0.4%
Wal Mart Inc. 4.05%, due 6/29/2048$289K$259K0.4%
U.S. Treasury NTS 4.5000%, due 11/15/2033$272K$259K0.4%
PNC Bank 4.050%, due 7/26/2048$257K$256K0.4%
BB&T Global NT 2.636%, due 9/17/2029$247K$256K0.4%
American Tower Corp 2.750%, due 1/15/2027$249K$255K0.4%
DTE Elec Co Ser 2020B 2.95%, due 03/01/2050$273K$254K0.4%
Avalonbday Communities Inc 5.350%, due 6/1/2034$259K$246K0.4%
U.S. Treasury Security Stripped Due 11/15/2048$261K$230K0.4%
Burlington Northern Santa Fe 5.150%, due 9/1/2043$247K$230K0.4%
Comcast Corporation 4.250%, due 1/15/2033$238K$229K0.4%
Hyundai Cap Amer Note 5.680%, due 6/26/2028$230K$228K0.4%
Pfizer Inv Enterprises 5.300%, due 05/19/2053$246K$225K0.4%
Comcast Corporation 3.400%, due 7/15/2046$249K$225K0.4%
Money Market Fund JP Morgan U.S. Government Money Market Fund$223K$223K0.4%
Home Depot Inc. 4.500%, due 12/6/2048$246K$222K0.4%
GSK Consumer Health Cap US 3.625%, due 3/24/2032$224K$222K0.4%
Amazon Com Inc Note 2.500%, due 6/3/2050$247K$221K0.4%
AT&T Inc Note 4.350%, due 3/1/2029$222K$220K0.4%
Brean Asset Backed Ser 2023-RM6 Due 5.25% 01/25/2063$212K$219K0.4%
Johnson & Johnson 3.500%, due 1/15/2048$245K$218K0.4%
Midamerican Energy 4.800%, due 9/15/2043$226K$216K0.3%
U.S. Treasury Security Stripped Due 5/15/2050$249K$213K0.3%
U.S. Treasury Security Stripped Due 11/15/2020$246K$207K0.3%
Corebridge Finl Inc Note 6.875%, due 12/15/2052$209K$205K0.3%
Santander Holdings USA Inc$203K$204K0.3%
Citigroup Inc Note 2.666%, due 1/29/2031$202K$203K0.3%
U.S. Treasury NTS 3.625%, due 8/31/2029$211K$203K0.3%
Bank of Nova Scotia 2.450%, due 02/02/2032$202K$200K0.3%
BBCMS Mtg Trust Variable, due 11/14/2056$206K$198K0.3%
U.S. Treasury Security Stripped Due 08/15/2053$239K$198K0.3%
FASST 3.000%, due 09/25/2061$190K$197K0.3%
BNP Paribas Bond 3.052%, due 01/13/2031$189K$192K0.3%
Simon Property Group 3.800%, due 7/15/2050$206K$192K0.3%
U.S. Treasury NTS 4.125%, due 11/30/2029$192K$191K0.3%
Bristol-Myers Squibb Co 5.90%, due 11/15/2033$196K$189K0.3%
Oncor Electric Delivery Co. LLC 3.800%, due 6/1/2049$205K$189K0.3%
Allstate Corporation 4.200%, due 12/15/2046$200K$189K0.3%
U.S. Treasury Security Stripped Due 5/15/2054$228K$188K0.3%
CF Hippolyta Issuer 2021-1 1.530%, due 3/15/2061$177K$188K0.3%
BHP Billiton Fin USA Ltd. 4.900%, due 2/28/2033$195K$187K0.3%
DB Master Finance LLC 2.045%, due 11/20/2051$176K$184K0.3%
Berkshire Hathaway 4.300%, due 5/15/2043$197K$182K0.3%
Benchmark Mtg Ser 2020-IG2 Variable, due 9/17/2048$182K$181K0.3%
Manulife Finl Corp 4.061%, due 2/24/2032$174K$180K0.3%
Kimco Realty Corp. 2.800%, due10/1/2026$175K$179K0.3%
Boston Gas Co Note 144A 3.001%, due, 8/1/2029$175K$177K0.3%
Corporate Office PPTYS LP 2.00%, due 1/15/2029$172K$176K0.3%
Cons Edison Co of NY 4.450%, due 3/15/2044$184K$175K0.3%
Sumitomo Mitsui Fin Grp Inc 5.520%, due 01/13/2028$173K$173K0.3%
Scott Trust 2023-SFS 5.909% due 03/12/2040$171K$173K0.3%
Honeywell Intl Inc 5.250%, due 03/01/2054$181K$169K0.3%
American Express Co 5.282, due 7/27/2029$171K$167K0.3%
Toronto Dominion Bank 4.456%, due 06/08/2032$171K$166K0.3%
HCA Inc 5.200%, due 06/01/2028$171K$165K0.3%
Intercontinental Exchange Inc 2.65%, due 9/15/2040$157K$165K0.3%
Capital One Finl Corp 4.927%, due 05/10/2028$162K$164K0.3%
Conagra Brands Inc 1.375%, due 11/01/2027$158K$163K0.3%
Wells Fargo & Co 4.30%, due 07/22/2027$162K$163K0.3%
BP Capital Markets America Inc 2.721%, due 1/12/2032$166K$163K0.3%
ENEL Finance Intl N.V. 3.500%, due 4/6/2028$159K$162K0.3%
General Dynamics Corp Note 4.250%, due 4/1/2040$173K$162K0.3%
Philip Morris Intl Inc 4.750%, due 11/01/2031$162K$161K0.3%
Motorola Solutions Inc 5.400%, due 04/15/2034$166K$160K0.3%
U.S. Treasury Security Stripped Due 02/15/2052$193K$160K0.3%
Borgwarner Inc 4.950%, due 08/15/2029$162K$159K0.3%
State Str Corp 5.15%, due 05/18/2034$160K$159K0.3%
U.S. Bancorp 4.548%, due 7/22/2028$158K$159K0.3%
CVS Health Corp 1.750%, due 08/21/2030$161K$159K0.3%
Omnicom Group Inc 2.600%, due 8/1/2031$159K$158K0.3%
New York Life Ins Co 3.750%, due 05/15/2050$173K$157K0.3%
International Bonds Staloil Asa 3.95%, due 5/15/2043$168K$156K0.3%
Cisco Sys Inc Note 5.500%, due 1/15/2040$160K$151K0.2%
Intel Corp 3.734%, due 12/8/2047$187K$151K0.2%
FREMF Mtg Tr Ser 2019-K103 Variable, due 11/25/2029$151K$151K0.2%
Canadian Natl Ry Co Note 3.650%, due 02/03/2048$17K$151K0.2%
Ares Capital Cort 7.000%, due 01/15/2027$150K$150K0.2%
ConocoPhillips 5.300%, due 05/15/2053$165K$148K0.2%
Sunoco Logistics Partners 3.900%, due 7/15/2026$146K$148K0.2%
United Parcel Service 3.75%, due 11/15/2047$166K$148K0.2%
OGE Energy Corp 5.450%, due 05/15/2029$153K$147K0.2%
Prologis Note 5.0000%, due 3/15/2034$152K$146K0.2%
U.S. Treasury Security Stripped Int Due 02/15/2053$173K$146K0.2%
Aercap Ireland Capital 3.000%, due 10/29/2028$144K$144K0.2%
Exxon Mobil Corp 3.095%, due 08/16/2049$160K$143K0.2%
Telefonica Emisones SA Note 4.103%, due 03/08/2027$142K$143K0.2%
U.S. Treasury Security Stripped Due 11/15/2044$150K$138K0.2%
Commonwealth Edison Co. 3.700%, due 3/1/2045$145K$138K0.2%
Benchmark Mtg Tr 2020-IG3 Variable, due 09/17/2048$151K$137K0.2%
Blackstone Private Credit Fund 2.625%, due 12/15/2026$127K$133K0.2%
Oreilly Automotive Inc 1.750%, due 03/15/2031$130K$131K0.2%
Duke Energy Ind LLC 3.75%, due 05/15/2046$140K$131K0.2%
Met Life Glob Funding 3.050%, due 6/17/2029$127K$129K0.2%
Cameron Lng LLC Note 2.902%, due 7/15/2031$127K$126K0.2%
U.S. Treasury Security Stripped Int Due 02/15/2047$140K$123K0.2%
Centerpoint Energy Res Corp 1.750%, due 10/1/2030$121K$122K0.2%
Southern Calif Edison Co 4.875%, due 02/01/2027$120K$120K0.2%
Cigna Corp New Note 2.400%, due 3/15/2030$120K$119K0.2%
U.S. Treasury Security Stripped Due 02/15/2050$133K$115K0.2%
Prudential Finl Inc Mtns Book 3.0%, due 03/10/2040$117K$111K0.2%
Eversource Energy Ser 2.90%, due 03/01/2027$109K$110K0.2%
Natwest Group PLC 1.642%, due 6/14/2027$105K$110K0.2%
Abbvie Inc 5.050%, due 3/15/2034
Corporate Bonds
$100K$99K0.2%
Morgan Stanley 1.928%, due 04/28/2032$96K$98K0.2%
BP Capital Markets America Inc 2.939%, due 6/4/2051$108K$96K0.2%
Duke Energy Carolinas LLC 3.95%, due 03/15/2048$101K$96K0.2%
Gallagher Arthur J & Co 5.150%, due 02/15/2035$94K$93K0.2%
Brighthouse Finl Inc 3.700%, due 06/22/2027$93K$92K0.1%
Eli Lilly & Co Note 3.950%, due 3/15/2049$92K$90K0.1%
U.S. Treasury Security Stripped Due 11/15/2045$98K$89K0.1%
American Honda Fin Corp 4.400%, due 9/5/2029$90K$88K0.1%
U.S. Treasury Bond 4.125%, due 8/15/2053$96K$85K0.1%
Energy Transfer L P 6.400%, due 12/01/2030$88K$85K0.1%
U.S. Treasury NTS 4.125%, due 10/31/2029$85K$84K0.1%
TotalEnergies Cap SA 4.724%, due 09/10/2034$85K$82K0.1%
Penske Truck Leasing Co 1.700%, due 6/15/2026$78K$81K0.1%
Raytheon Co. 4.700%, due 12/15/2041$84K$81K0.1%
Trinity Health Corp Ind Note 2.362%,due 12/1/2040$83K$80K0.1%
Virginia Electric Power 5.300%, due 08/15/2033$83K$80K0.1%
U.S. Treasury Bond 4.625%, due 5/15/2044$84K$78K0.1%
Kinder Morgan Inc 5.100%, due 08/01/2029$77K$75K0.1%
Paypal Hldgs Inc 5.150%, due 06/01/2034$76K$75K0.1%
Chubb Ina Hldgs Inc 5.000%, due 03/15/2034$79K$74K0.1%
Private Export Funding Corp 4.600%, due 02/15/2034$70K$69K0.1%
Kimco Realty Corp. 6.400%, due 3/1/2034$67K$64K0.1%
U.S. Treasury Security Stripped Due 5/15/2048$70K$62K0.1%
Oracle Corp 4.700%, due 09/27/2034$65K$62K<0.1%
Cno Global Funding 1.650%, due 1/6/2025$57K$60K<0.1%
Cisco Sys Inc Note 5.050%, due 2/26/2034$62K$60K<0.1%
PepsiCo Inc 2.875%, due 10/15/2049$66K$59K<0.1%
U.S. Treasury Bond Stripped, 11/15/2047$61K$59K<0.1%
Vici Properties LP 5.125%, due 11/15/2031$60K$59K<0.1%
Astrazeneca PLC Note 3.000%, due 5/28/2051$61K$56K<0.1%
John Deere Capital Corp 5.050%, due 06/12/2034$55K$55K<0.1%
U.S. Treasury NTS 4.000%, due 2/15/2034$53K$53K<0.1%
American Honda Fin Corp 5.850%, due 10/4/2030$53K$52K<0.1%
Gilead Sciences Inc 4.000%, due 9/1/2036$46K$44K<0.1%
Wells Fargo Comm Mtg Tr Variable, due 12/15/2059$41K$43K<0.1%
Enterprise Prods Oper LLC Note 2.80%, due 01/31/2030$36K$36K<0.1%
Prologis Note 1.25%, due 10/15/2030$24K$25K<0.1%
Vulcan Materials Co 5.350%, due 12/1/2034$15K$15K<0.1%

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