401(k) · DOL Form 5500 · 2022

Hormel Foods Corporation 401(k) Plan

Data updated 2026-08-25

$208M
Total assets Near avg plan size
3,072
Participants Above avg headcount
96th
Percentile by assets National rank
$67,680
Avg per participant Below avg balance/head
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Official DOL plan name: Hormel Foods Corporation Tax Deferred Investment Plan B · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing

$208M in assets, 3,072 participants

Hormel Foods Corporation's Hormel Foods Corporation Tax Deferred Investment Plan B reported $208M in total assets and 3,072 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #19,214 in Manufacturing (20,602 peers)

Coverage in Minnesota

Hormel Foods Corporation Tax Deferred Investment Plan B covers 3,072 participants in Minnesota, 2.7x the typical Minnesota plan (state average ~1,126 per filing). Assets: $208M.

#19,214
in Manufacturing (20,602 peers)
-1.1%
assets change YoY
2.1×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Hormel Foods Corporation Tax Deferred Investment Plan B's outsized position by total assets

Hormel Foods Corporation Tax Deferred Investment Plan B vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$207,913,300 Top 4% higher than 96% of 139,123 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 2022

Hormel Foods Corporation Tax Deferred Investment Plan B's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hormel Foods Corporation Tax Deferred Investment Plan B lands in the large band (3,072 participants).

Form 5500 schedule snapshot

Filing strip 410319970 · Hormel Foods Corporation PY 2022 · 401(k)

Hormel Foods Corporation Tax Deferred Investment Plan B · $208M · 3,072 · 96th

  • 5500 $208M
  • 5500 3,072
  • 5500 96th
  • 5500 401(k)
  • 5500 near National Education Association 401(k) Retirement Savings Plan
  • 5500 ind #19214

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 Manufacturing retirement plans → · Plans in Minnesota →

Hormel Foods Corporation Tax Deferred Investment Plan B in the asset neighbourhood

Worksmart Systems, Inc. 401(k)Profit Sharing Plan and TrustWorksmart Systems, Inc. 401(…$208MHormel Foods Corporation Tax Deferred Investment Plan BHormel Foods Corporation Tax…$208MNational Education Association 401(k) Retirement Savings PlanNational Education Associati…$208MRolex Watch U.S.a., Inc. Profit Sharing PlanRolex Watch U.S.a., Inc. Pro…$208MLundbeck LLC 401(k) Plan$208M
End-of-year total assets ($M) among Hormel Foods Corporation Tax Deferred Investment Plan B and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$210M
Net Assets (End of Year)$208M
Net Income-$2M
Employer EIN410319970
Plan Effective Date1987-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hormel Foods Corporation)

Sponsor-wide plan assets over time

All Hormel Foods Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1.8B 38.865716518961875% vs 2022
2024 filing year
$1.5B$2B$2.5B$3B$3.5B 202220232024 $2.91B $1.78B ▼ -38.8%
Year Plans Participants Total Assets
2022 5 19,631 $2.9B
2023 5 24,731 $3.0B
2024 3 12,543 $1.8B

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Hormel Foods Corporation Tax Deferred Investment Plan B vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Hormel Foods Corporation Tax Deferred Investment Plan B, Total assets ($B): 0.2079133 · Participants: 3072Hormel Foods Corporation Tax Deferred Investment Plan BUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Hormel Foods Corporation Tax Deferred Investment Plan B vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Hormel Foods Corporation Tax Deferred Investment Plan B side-by-side with 3 peers →

Hormel Foods Corporation Tax Deferred Investment Plan B's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is National Education Association 401(k) Retirement Savings Plan in DC ($208M); by covered participants it is Ltimindtree Limited 401(k) Profit Sharing Plan & Trust in NJ (3,072 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,072 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Hormel Foods Corporation Tax Deferred Investment Plan B assets move in 2022? ▼
Hormel Foods Corporation Tax Deferred Investment Plan B edged down modestly - down 1.1% during 2022, from $210M to $208M. Reported net income was -$2M.
How have Hormel Foods Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hormel Foods Corporation's sponsor-wide assets declined 38.9%, from $2.9B to $1.8B.
Where does Hormel Foods Corporation Tax Deferred Investment Plan B rank by assets among Form 5500 filers? ▼
Hormel Foods Corporation Tax Deferred Investment Plan B ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Hormel Foods Corporation Tax Deferred Investment Plan B? ▼
Among 401(k) plans in other states, the closest by assets is National Education Association 401(k) Retirement Savings Plan in DC ($208M, 449 participants).
Which 401(k) plans cover a similar participant headcount to Hormel Foods Corporation Tax Deferred Investment Plan B? ▼
Among 401(k) plans in other states, the closest by covered participants is Ltimindtree Limited 401(k) Profit Sharing Plan & Trust in NJ (3,072 participants, $37M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410319970.

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.