401(k) · DOL Form 5500 · 2022
Hormel Foods Corporation 401(k) Plan
Data updated 2026-08-11
- $208M
- Total assets
- 3,072
- Participants
- 96th
- Percentile by assets
- $67,680
- Avg per participant
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.
- 96th percentile by assets (of 139,126 plans)
- #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.
- $208M
- total plan assets (2022 EOY)
- 3,072
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $67,680
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Hormel Foods Corporation Tax Deferred Investment Plan B reports 3,072 participants - 2.7x that state average ($208M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $210M |
|---|---|
| Net Assets (End of Year) | $208M |
| Net Income | -$2M |
| Employer EIN | 410319970 |
| Plan Effective Date | 1987-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hormel Foods Corporation)
| 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
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Hormel Foods Corporation Tax Deferred Investment Plan B by total assets, not by location.
- National Education Association 401(k) Retirement Savings Plan (DC) $208M · 449
- Worksmart Systems, Inc. 401(k)Profit Sharing Plan and Trust (IN) $208M · 5,236
- Rolex Watch U.S.a., Inc. Profit Sharing Plan (NY) $208M · 528
- Lundbeck LLC 401(k) Plan (IL) $208M · 802
Frequently Asked Questions
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Filing takeaways
Ways to act on Hormel Foods Corporation Tax Deferred Investment Plan B's numbers.
- By total assets, Hormel Foods Corporation Tax Deferred Investment Plan B ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Hormel Foods Corporation's sponsor-wide assets have declined 38.9% since 2022 across 3 plan years on file. More Manufacturing plans