401(k) · DOL Form 5500 · 2022
Smithfield Foods Inc 401(k) Plan
Data updated 2026-08-25
- $313M
- Total assets Above avg plan size
- 15,980
- Participants Very large workforce
- 97th
- Percentile by assets National rank
- $19,618
- Avg per participant Low balance/head
Official DOL plan name: Smithfield Foods, Inc. Hourly 401(k) Plan · Sponsored by Smithfield Foods Inc · Virginia · Management of Enterprises
$313M in assets, 15,980 participants
Smithfield Foods Inc's Smithfield Foods, Inc. Hourly 401(k) Plan reported $313M in total assets and 15,980 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.
- #1,063 in Management of Enterprises (1,193 peers)
Coverage in Virginia
Smithfield Foods, Inc. Hourly 401(k) Plan covers 15,980 participants in Virginia, 20x the typical Virginia plan (state average ~782 per filing). Assets: $313M.
- #1,063
- in Management of Enterprises (1,193 peers)
- -7.8%
- assets change YoY
- 3.1×
- vs typical plan assets (national mean)
The plan reported a net loss of $24M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Smithfield Foods, Inc. Hourly 401(k) Plan's outsized position by total assets
Smithfield Foods, Inc. Hourly 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$313,490,732 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. Hourly 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. Hourly 401(k) Plan is a mega filing (15,980 participants), the rightmost band on the breakdown.
Form 5500 schedule snapshot
Filing strip 520845861 · Smithfield Foods Inc PY 2022 · 401(k)
Smithfield Foods, Inc. Hourly 401(k) Plan · $313M · 15,980 · 97th
- BOY $313M
- SCH 15,980
- EBSA 97th
- PART 401(k)
- TYPE near Everest Reinsurance Employee Savings Plan
- NET ind #1063
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. Hourly 401(k) Plan in the asset neighbourhood
Virginia filing particulars
| Total Assets (Beginning of Year) | $340M |
|---|---|
| Net Assets (End of Year) | $313M |
| Net Income | -$24M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Smithfield Foods Inc)
Sponsor-wide plan assets over time
All Smithfield Foods Inc 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. Hourly 401(k) Plan
Smithfield Foods, Inc. Hourly 401(k) Plan reports $313M in end-of-year assets across 15,980 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.017% of 93,925,755 covered participants) - about $19,618 per participant (14% of the national average assets-per-participant) . Net income for plan year 2022 was -$24M.
This plan identity (EIN 520845861, plan #009) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $313M to $419M (+33.6%) while covered participants moved from 15,980 to 15,011 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 15,980 | $313M | This page |
| 2023 | 16,803 | $376M | Open filing |
| 2024 · index core | 15,011 | $419M | 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. Hourly 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Virginia, the nearest 401(k) by assets is Everest Reinsurance Employee Savings Plan in NJ ($314M); by covered participants it is Lkq Corporation Employees' Retirement Plan in IL (15,988 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($313M here).
- Everest Reinsurance Employee Savings Plan (NJ) $314M · 1,531
- Sika Corporation 401(k) Savings Plan (NJ) $314M · 2,228
- Arizona Pipe Trades Defined Contribution Pension Plan (AZ) $313M · 5,949
- Apria Healthcare Group Inc. 401(k) Savings Plan (CA) $314M · 6,419
Similar participant headcount
Nearest other-state filings by covered participants (15,980 participants); asset peers above are excluded.
- Lkq Corporation Employees' Retirement Plan (IL) 15,988 · 8 off
- Cornerstone Building Brands 401(k) Profit Sharing Plan (TX) 16,000 · 20 off
- Lockheed Martin Corporation Hourly Employee Savings Plan Plus (MD) 15,941 · 39 off
- Aon Pooled Employer Plan (IL) 15,916 · 64 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.