ESOP · DOL Form 5500 · 2022

Hormel Foods Corporation ESOP

Data updated 2026-08-25

$486M
Total assets Above avg plan size
4,373
Participants Above avg headcount
98th
Percentile by assets National rank
$111,196
Avg per participant Below avg balance/head
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Official DOL plan name: Hormel Foods Corporation Joint Earnings Profit Sharing Trust · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing

$486M in assets, 4,373 participants

Hormel Foods Corporation's Hormel Foods Corporation Joint Earnings Profit Sharing Trust reported $486M in total assets and 4,373 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #19,851 in Manufacturing (20,602 peers)

Coverage in Minnesota

Hormel Foods Corporation Joint Earnings Profit Sharing Trust covers 4,373 participants in Minnesota, 3.9x the typical Minnesota plan (state average ~1,126 per filing). Assets: $486M.

#19,851
in Manufacturing (20,602 peers)
-2.1%
assets change YoY
4.9×
vs typical plan assets (national mean)

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Hormel Foods Corporation Joint Earnings Profit Sharing Trust's outsized position by total assets

Hormel Foods Corporation Joint Earnings Profit Sharing Trust vs every filed plan by assets

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

$486,260,676 Top 2% higher than 98% 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 Joint Earnings Profit Sharing Trust'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 Joint Earnings Profit Sharing Trust lands in the large band (4,373 participants).

EBSA filing schedule strip

Filing strip 410319970 · Hormel Foods Corporation PY 2022 · ESOP

Hormel Foods Corporation Joint Earnings Profit Sharing Trust · $486M · 4,373 · 98th

  • EIN $486M
  • EIN 4,373
  • EIN 98th
  • EIN ESOP
  • EIN near Centimark Corporation Employee Stock Ownership Plan and Trust
  • EIN ind #19851

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 What is an ESOP? → · Plans in Minnesota →

Hormel Foods Corporation Joint Earnings Profit Sharing Trust in the asset neighbourhood

U-Haul Holding Company Employee Stock Ownership PlanU-Haul Holding Company Emplo…$498MCactus Feeders, Inc. Employee Stock Ownership PlanCactus Feeders, Inc. Employe…$495MConsigli Building Group Employee Stock Ownership PlanConsigli Building Group Empl…$495MHormel Foods Corporation Joint Earnings Profit Sharing TrustHormel Foods Corporation Joi…$486MCentimark Corporation Employee Stock Ownership Plan and TrustCentimark Corporation Employ…$481M
End-of-year total assets ($M) among Hormel Foods Corporation Joint Earnings Profit Sharing Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$497M
Net Assets (End of Year)$486M
Net Income-$11M
Employer EIN410319970
Plan Effective Date1955-10-31
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 ESOP Plans in Minnesota

Peer ESOP plans, same state, same plan type, ranked by total assets.

Hormel Foods Corporation Joint Earnings Profit Sharing Trust vs. nearby ESOP plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 200300400500600700 Total assets ($M) Participants Hormel Foods Corporation Joint Earnings Profit Sharing Trust, Total assets ($M): 486.260676 · Participants: 4373Hormel Foods Corporation Joint Earnings Profit Sharing TrustAndersen Corporation Employee Stock Ownership Plan, Total assets ($M): 646.711049 · Participants: 9416Andersen Corporation Employee Stock Ownership PlanKingdom Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 399.591486 · Participants: 801Kingdom Enterprises, Inc. Employee Stock Ownership PlanForce America Inc. Employee Stock Ownership Plan, Total assets ($M): 332.65286 · Participants: 359Force America Inc. Employee Stock Ownership PlanPolaris Inc. Employee Stock Ownership Plan, Total assets ($M): 313.049552 · Participants: 7981Polaris Inc. Employee Stock Ownership PlanLandscape Structures, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 288.732696 · Participants: 402Landscape Structures, Inc. Employee Stock Ownership Plan and Trust
Hormel Foods Corporation Joint Earnings Profit Sharing Trust vs. nearby ESOP plans in Minnesota, assets vs. participants
Compare Hormel Foods Corporation Joint Earnings Profit Sharing Trust side-by-side with 3 peers →

Hormel Foods Corporation Joint Earnings Profit Sharing Trust's out-of-state ESOP peers by assets and headcount

Outside Minnesota, the nearest ESOP by assets is Centimark Corporation Employee Stock Ownership Plan and Trust in PA ($481M); by covered participants it is Amsted Industries Incorporated Employees' Stock Ownership Plan in IL (4,361 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,373 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 Joint Earnings Profit Sharing Trust assets move in 2022? ▼
Hormel Foods Corporation Joint Earnings Profit Sharing Trust edged down modestly - down 2.1% during 2022, from $497M to $486M. Reported net income was -$11M.
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 Joint Earnings Profit Sharing Trust rank by assets among Form 5500 filers? ▼
Hormel Foods Corporation Joint Earnings Profit Sharing Trust ranks in the 98th 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 ESOP plans are similar in size to Hormel Foods Corporation Joint Earnings Profit Sharing Trust? ▼
Among ESOP plans in other states, the closest by assets is Centimark Corporation Employee Stock Ownership Plan and Trust in PA ($481M, 2,268 participants).
Which ESOP plans cover a similar participant headcount to Hormel Foods Corporation Joint Earnings Profit Sharing Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Amsted Industries Incorporated Employees' Stock Ownership Plan in IL (4,361 participants, $3.8B 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.