401(k) · DOL Form 5500 · 2022

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-25

$610M
Total assets Above avg plan size
4,988
Participants Above avg headcount
98th
Percentile by assets National rank
$122,214
Avg per participant Near avg balance/head
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Official DOL plan name: Smithfield Foods, Inc. Salaried 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises

$610M in assets, 4,988 participants

Smithfield Foods Incorporated's Smithfield Foods, Inc. Salaried 401(k) Plan reported $610M in total assets and 4,988 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.

  • #1,113 in Management of Enterprises (1,193 peers)

Coverage in Virginia

Smithfield Foods, Inc. Salaried 401(k) Plan covers 4,988 participants in Virginia, 6.4x the typical Virginia plan (state average ~782 per filing). Assets: $610M.

#1,113
in Management of Enterprises (1,193 peers)
-12.5%
assets change YoY
6.1×
vs typical plan assets (national mean)

The plan reported a net loss of $97M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Smithfield Foods, Inc. Salaried 401(k) Plan's outsized position by total assets

Smithfield Foods, Inc. Salaried 401(k) Plan vs every filed plan by assets

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

$609,602,621 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

Smithfield Foods, Inc. Salaried 401(k) Plan'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. Smithfield Foods, Inc. Salaried 401(k) Plan lands in the large band (4,988 participants).

EBSA filing schedule strip

Filing strip 520845861 · Smithfield Foods Incorporated PY 2022 · 401(k)

Smithfield Foods, Inc. Salaried 401(k) Plan · $610M · 4,988 · 98th

  • PCT $610M
  • PCT 4,988
  • PCT 98th
  • PCT 401(k)
  • PCT near The Adecco Group 401(k) Plan
  • PCT ind #1113

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. Salaried 401(k) Plan in the asset neighbourhood

Smithfield Foods, Inc. Salaried 401(k) PlanSmithfield Foods, Inc. Salar…$610MThe Adecco Group 401(k) Plan$609MBausch & Lomb Americas Inc. Retirement Savings PlanBausch & Lomb Americas Inc. …$609MAcrisure 401(k) Savings Plan$607MIntuitive Surgical, Inc. 401(k) PlanIntuitive Surgical, Inc. 401…$607M
End-of-year total assets ($M) among Smithfield Foods, Inc. Salaried 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$697M
Net Assets (End of Year)$610M
Net Income-$97M
Employer EIN520845861
Plan Effective Date1992-10-01
Filing StatusFILING 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
$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
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. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 -10010203040 Total assets ($B) Participants Smithfield Foods, Inc. Salaried 401(k) Plan, Total assets ($B): 0.609602621 · Participants: 4988Smithfield Foods, Inc. Salaried 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employees' Savings and Investment Plan
Smithfield Foods, Inc. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Salaried 401(k) Plan side-by-side with 3 peers →

Smithfield Foods, Inc. Salaried 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is The Adecco Group 401(k) Plan in FL ($609M); by covered participants it is Midamerican Energy Company Retirement Savings Plan in IA (4,986 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($610M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,988 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 Smithfield Foods, Inc. Salaried 401(k) Plan assets move in 2022? ▼
Smithfield Foods, Inc. Salaried 401(k) Plan pulled back noticeably - down 12.5% during 2022, from $697M to $610M. Reported net income was -$97M.
How have Smithfield Foods Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smithfield Foods Incorporated's sponsor-wide assets grew 13.0%, from $2.7B to $3.1B.
Where does Smithfield Foods, Inc. Salaried 401(k) Plan rank by assets among Form 5500 filers? ▼
Smithfield Foods, Inc. Salaried 401(k) Plan 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 401(k) plans are similar in size to Smithfield Foods, Inc. Salaried 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Adecco Group 401(k) Plan in FL ($609M, 15,854 participants).
Which 401(k) plans cover a similar participant headcount to Smithfield Foods, Inc. Salaried 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Midamerican Energy Company Retirement Savings Plan in IA (4,986 participants, $1.3B 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 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.