401(k) · DOL Form 5500 · 2022
Smithfield Foods Incorporated 401(k) Plan
Data updated 2026-08-25
- $279M
- Total assets Near avg plan size
- 16,413
- Participants Very large workforce
- 97th
- Percentile by assets National rank
- $17,006
- Avg per participant Low balance/head
Official DOL plan name: Smithfield Foods, Inc. Bargaining 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises
$279M in assets, 16,413 participants
Smithfield Foods Incorporated's Smithfield Foods, Inc. Bargaining 401(k) Plan reported $279M in total assets and 16,413 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.
- #1,053 in Management of Enterprises (1,193 peers)
Coverage in Virginia
Smithfield Foods, Inc. Bargaining 401(k) Plan covers 16,413 participants in Virginia, 21x the typical Virginia plan (state average ~782 per filing). Assets: $279M.
- #1,053
- in Management of Enterprises (1,193 peers)
- -13.5%
- assets change YoY
- 2.8×
- vs typical plan assets (national mean)
The plan reported a net loss of $40M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Smithfield Foods, Inc. Bargaining 401(k) Plan's outsized position by total assets
Smithfield Foods, Inc. Bargaining 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$279,122,581 Top 3% higher than 97% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Smithfield Foods, Inc. Bargaining 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Smithfield Foods, Inc. Bargaining 401(k) Plan is a mega filing (16,413 participants), the rightmost band on the breakdown.
Published 5500 schedule card
Filing strip 520845861 · Smithfield Foods Incorporated PY 2022 · 401(k)
Smithfield Foods, Inc. Bargaining 401(k) Plan · $279M · 16,413 · 97th
- NET $279M
- BOOK 16,413
- VS-ST 97th
- BOY 401(k)
- SCH near Washington Gas Light Company Savings Plan
- EBSA ind #1053
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 Management of Enterprises retirement plans → · Plans in Virginia →
Smithfield Foods, Inc. Bargaining 401(k) Plan in the asset neighbourhood
Virginia filing particulars
| Total Assets (Beginning of Year) | $323M |
|---|---|
| Net Assets (End of Year) | $279M |
| Net Income | -$40M |
| Employer EIN | 520845861 |
| Plan Effective Date | 2002-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Smithfield Foods Incorporated)
Sponsor-wide plan assets over time
All Smithfield Foods Incorporated plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.1B 13.015664714333026% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 55,579 | $2.7B |
| 2023 | 5 | 55,064 | $3.0B |
| 2024 | 5 | 48,205 | $3.1B |
Nearby 401(k) Plans in Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Northrop Grumman Savings Plan $32.6B · 92,420
- 401(k) Pension Plan $13.0B · 61,481
- General Dynamics Corporation 401(k) Plan 6.0 $9.6B · 36,822
- Leidos, Inc. Retirement Plan $8.7B · 26,125
- Bae Systems Employees' Savings and Investment Plan $8.2B · 31,556
Scale composition for Smithfield Foods, Inc. Bargaining 401(k) Plan
Smithfield Foods, Inc. Bargaining 401(k) Plan reports $279M in end-of-year assets across 16,413 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.017% of 93,925,755 covered participants) - about $17,006 per participant (12% of the national average assets-per-participant) . Net income for plan year 2022 was -$40M.
This plan identity (EIN 520845861, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $279M to $340M (+21.8%) while covered participants moved from 16,413 to 13,513 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 16,413 | $279M | This page |
| 2023 | 16,361 | $308M | Open filing |
| 2024 · index core | 13,513 | $340M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Smithfield Foods Salaried Pension Plan (Defined Benefit (Pension), $1.4B, 8,183 participants)
- Smithfield Foods, Inc. Salaried 401(k) Plan (401(k), $767M, 4,682 participants)
- Smithfield Foods, Inc. Hourly 401(k) Plan (401(k), $419M, 15,011 participants)
- Smithfield Foods, Inc. Bargaining 401(k) Plan (401(k), $340M, 13,513 participants)
Smithfield Foods, Inc. Bargaining 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Virginia, the nearest 401(k) by assets is Washington Gas Light Company Savings Plan in DC ($279M); by covered participants it is Aspen Dental 401(k) Plan in NY (16,349 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($279M here).
- Washington Gas Light Company Savings Plan (DC) $279M · 890
- Precision Strip Retirement and Savings Plan (OH) $279M · 1,334
- Profit Sharing and 401(k) Plan for Employees of Carlton Fields (FL) $279M · 655
- Pinterest 401(k) Plan (CA) $279M · 2,538
Similar participant headcount
Nearest other-state filings by covered participants (16,413 participants); asset peers above are excluded.
- Aspen Dental 401(k) Plan (NY) 16,349 · 64 off
- American International Group, Inc. Incentive Savings Plan (NY) 16,309 · 104 off
- Georgia-Pacific LLC Hourly 401(k) Plan (GA) 16,303 · 110 off
- Piedmont Airlines Inc. Employee Savings Plan (MD) 16,569 · 156 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.