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Mississippi Lime Company Retirement Plan
The Mississippi Lime Company Retirement Plan operates as the defined-benefit pension vehicle for Mississippi Lime Company, a producer of high-calcium...
Mississippi Lime Company Retirement Plan
The Mississippi Lime Company Retirement Plan operates as the defined-benefit pension vehicle for Mississippi Lime Company, a producer of high-calcium quicklime, hydrated lime, and calcium-based products headquartered in St. Louis. The company falls under the umbrella of HBM Holdings, a private holding company that also controls a portfolio of industrial and manufacturing businesses. Michael DeCola—chairperson of Mississippi Lime's board and former CEO of HBM Holdings—has historically guided the organization's strategic direction, including its pension obligations. The plan allocates to private equity buyout funds as its primary alternative strategy. While specific fund commitments remain opaque, Mississippi Lime's broader operational context suggests an emphasis on responsible stewardship rather than opportunistic alpha-seeking. Given HBM Holdings' focus on acquiring and managing middle-market industrial companies, the pension plan's buyout commitments may align with strategies familiar to the parent's operators. Geographic exposure centers on North American middle-market buyout funds. Team oversight involves senior Mississippi Lime finance executives, including CFO Mike Kiefer and CEO Paul Hogan. The plan sits alongside a 401(k) vehicle and a separate Retirement Income Plan for Hourly Employees—three distinct retirement pillars serving different segments of the workforce. DeCola's civic leadership, including chairmanships at the St. Louis Regional Business Council and United Way of Greater St. Louis, points to deep local institutional ties that may inform the plan's reputation-focused governance. As a single-sponsor corporate plan, the Mississippi Lime Retirement Plan carries a structural mandate that separates it from public pension funds endowments—its liabilities are tied to a specific, privately held industrial operating company. That narrow obligation shapes its investment posture: conservative, obligation-focused, and tethered to the long-term health of Mississippi Lime's operations under HBM Holdings' ownership.
General information
Firm type
Pension Fund
Year founded
1907
Location
Region
North America
Country
United States
City
St. Louis
Corporate office
St. Louis, MO, United States
Principals
Michael A. DeCola
Chairperson of the Board, Mississippi Lime Company; former CEO, HBM Holdings
Paul Hogan
President and CEO, Mississippi Lime Company
Mike Kiefer
VP of Finance and CFO, Mississippi Lime Company
Sector focus
Frequently asked questions
How does the Mississippi Lime Company Retirement Plan relate to HBM Holdings?
Missouri-based HBM Holdings is the parent holding company of Mississippi Lime Company, which sponsors the retirement plan. HBM acquires and manages middle-market industrial and manufacturing firms. The retirement plan functions as a distinct corporate obligation of the Mississippi Lime subsidiary, not a direct pool of HBM Holdings capital. Oversight flows through Mississippi Lime's board, chaired by Michael DeCola—who previously served as CEO of HBM Holdings.
What is the investment strategy of the Mississippi Lime Retirement Plan?
The plan invests in private equity buyout funds as a primary alternative strategy. It operates as a corporate defined-benefit plan focused on meeting accrued employee pension liabilities rather than competing with endowments or sovereign funds for top-quartile returns. Specific fund commitments are not publicly disclosed. The buyout focus may dovetail with HBM's own industrial acquisition expertise.
Who manages the Mississippi Lime Company's retirement assets?
Investment decisions are handled under the governance of Mississippi Lime's senior leadership team, including President and CEO Paul Hogan and CFO Mike Kiefer. Michael DeCola, the board chairperson, provides oversight. The group is advised by external investment consultants and fund managers. No dedicated internal investment office with a CIO role has been publicly identified.
Does Mississippi Lime Company offer multiple retirement plans?
Yes, Mississippi Lime maintains at least three distinct plans. The corporate retirement plan covered here is a defined-benefit pension. Separately, a 401(k) defined-contribution plan serves salaried and eligible employees. A third vehicle, the Retirement Income Plan for Hourly Employees, covers qualifying hourly workers at the company's production facilities.
Is the Mississippi Lime Retirement Plan open to external co-investment?
No. As a single-sponsor corporate defined-benefit plan, the vehicle only serves vested employees of Mississippi Lime Company and its affiliates. It does not operate as an open fund, multi-family office, or co-investment platform. Its obligations are segregated from any third-party capital.
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