ESOP · DOL Form 5500 · 2022
Hormel Foods Corporation ESOP
Data updated 2026-08-11
- $486M
- Total assets
- 4,373
- Participants
- 98th
- Percentile by assets
- $111,196
- Avg per participant
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.
- 98th percentile by assets (of 139,126 plans)
- #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.
- $486M
- total plan assets (2022 EOY)
- 4,373
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $111,196
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Hormel Foods Corporation Joint Earnings Profit Sharing Trust reports 4,373 participants - 3.9x that state average ($486M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $497M |
|---|---|
| Net Assets (End of Year) | $486M |
| Net Income | -$11M |
| Employer EIN | 410319970 |
| Plan Effective Date | 1955-10-31 |
| 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 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
- Andersen Corporation Employee Stock Ownership Plan $647M · 9,416
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $400M · 801
- Force America Inc. Employee Stock Ownership Plan $333M · 359
- Polaris Inc. Employee Stock Ownership Plan $313M · 7,981
- Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $289M · 402
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Hormel Foods Corporation Joint Earnings Profit Sharing Trust by total assets, not by location.
Frequently Asked Questions
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Next read for Hormel Foods Corporation Joint Earnings …
Filing takeaways
Ways to act on Hormel Foods Corporation Joint Earnings Profit Sharing Trust's numbers.
- By total assets, Hormel Foods Corporation Joint Earnings Profit Sharing Trust ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP 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