401(k) · DOL Form 5500 · 2022
Smithfield Foods Incorporated 401(k) Plan
Data updated 2026-08-11
- $610M
- Total assets
- 4,988
- Participants
- 98th
- Percentile by assets
- $122,214
- Avg per participant
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.
- 98th percentile by assets (of 139,126 plans)
- #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.
- $610M
- total plan assets (2022 EOY)
- 4,988
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $122,214
- avg assets per participant
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.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. Smithfield Foods, Inc. Salaried 401(k) Plan reports 4,988 participants - 6.4x that state average ($610M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $697M |
|---|---|
| Net Assets (End of Year) | $610M |
| Net Income | -$97M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1992-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Smithfield Foods Incorporated)
| 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
- 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Smithfield Foods, Inc. Salaried 401(k) Plan by total assets, not by location.
- The Adecco Group 401(k) Plan (FL) $609M · 15,854
- Bausch & Lomb Americas Inc. Retirement Savings Plan (NJ) $609M · 4,666
- Acrisure 401(k) Savings Plan (MI) $607M · 10,136
- Intuitive Surgical, Inc. 401(k) Plan (CA) $607M · 6,266
Frequently Asked Questions
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Filing takeaways
Ways to act on Smithfield Foods, Inc. Salaried 401(k) Plan's numbers.
- By total assets, Smithfield Foods, Inc. Salaried 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
- Smithfield Foods Incorporated's sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Management of Enterprises plans