# Mississippi Lime Company Retirement Plan

Mississippi Lime Company Retirement Plan is a Pension Fund based in St. Louis, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** St. Louis, United States
- **Region:** North America
- **Address:** St. Louis, MO, United States
- **Founded:** 1907
- **Assets under management:** Undisclosed
- **Website:** mississippilime.com
- **LinkedIn:** linkedin.com/company/mississippi-lime-co

## Regulatory record

- **Reports private funds:** No

## About

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. 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.

## Sectors

- Materials & Industrials

## People

- 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

## 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.

### 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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- [Mississippi Higher Education Assistance Corporation](https://altss.com/profile/mississippi-higher-education-assistance-corporation-mheac)
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Last updated: 2026-08-11T02:43:31.692Z

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