401(k) · DOL Form 5500 · 2022

Smithfield Foods Inc 401(k) Plan

Data updated 2026-08-11

$313M
Total assets
15,980
Participants
97th
Percentile by assets
$19,618
Avg per participant
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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.

  • 97th percentile by assets (of 139,126 plans)
  • #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.

$313M
total plan assets (2022 EOY)
15,980
covered participants
97th
percentile by assets (of 139,126 plans)
$19,618
avg assets per participant

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.

Where Smithfield Foods, Inc. Hourly 401(k) Plan sits 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

This plan $0 $2,010,000,000 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

State
Virginia
Industry
Management of Enterprises

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Smithfield Foods, Inc. Hourly 401(k) Plan reports 15,980 participants - 20x that state average ($313M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$340M
Net Assets (End of Year)$313M
Net Income-$24M
Employer EIN520845861
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Smithfield Foods Inc)

$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
Total plan assets by year, all Smithfield Foods Inc plans on file
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.

Smithfield Foods, Inc. Hourly 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Smithfield Foods, Inc. Hourly 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 -10010203040 Total assets ($B) Participants Smithfield Foods, In…Northrop Grumman Sav…401(k) Pension PlanGeneral Dynamics Cor…Leidos, Inc. Retirem…Bae Systems Employee…
Smithfield Foods, Inc. Hourly 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Hourly 401(k) Pla… side-by-side with 3 peers →

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:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Smithfield Foods, Inc. Hourly 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Smithfield Foods, Inc. Hourly 401(k) Plan assets move in 2022? ▼
Smithfield Foods, Inc. Hourly 401(k) Plan pulled back noticeably - down 7.8% during 2022, from $340M to $313M. Reported net income was -$24M.
How have Smithfield Foods Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smithfield Foods Inc's sponsor-wide assets grew 13.0%, from $2.7B to $3.1B.
Where does Smithfield Foods, Inc. Hourly 401(k) Plan rank by assets among Form 5500 filers? ▼
Smithfield Foods, Inc. Hourly 401(k) Plan ranks in the 97th 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 401(k) plans are similar in size to Smithfield Foods, Inc. Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Everest Reinsurance Employee Savings Plan in NJ ($314M, 1,531 participants).

Next read for Smithfield Foods, Inc. Hourly 401(k) Pla…

Filing takeaways

Ways to act on Smithfield Foods, Inc. Hourly 401(k) Plan's numbers.

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 520845861.

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.