Defined Benefit (Pension) · DOL Form 5500 · 2022
Smithfield Foods, Inc. Pension Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 10,692
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $124,967
- Avg per participant Near avg balance/head
Official DOL plan name: Smithfield Foods Salaried Pension Plan · Sponsored by Smithfield Foods, Inc. · Virginia · Manufacturing
$1.3B in assets, 10,692 participants
Smithfield Foods, Inc.'s Smithfield Foods Salaried Pension Plan reported $1.3B in total assets and 10,692 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- #20,278 in Manufacturing (20,602 peers)
Coverage in Virginia
Smithfield Foods Salaried Pension Plan covers 10,692 participants in Virginia, 14x the typical Virginia plan (state average ~782 per filing). Assets: $1.3B.
- #20,278
- in Manufacturing (20,602 peers)
- -30.3%
- assets change YoY
- 13×
- vs typical plan assets (national mean)
The plan reported a net loss of $580M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Smithfield Foods Salaried Pension Plan's outsized position by total assets
Smithfield Foods Salaried Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,336,147,679 Top 1% higher than 99% 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 Salaried Pension 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 Salaried Pension Plan is a mega filing (10,692 participants), the rightmost band on the breakdown.
Published 5500 schedule card
Filing strip 520845861 · Smithfield Foods, Inc. PY 2022 · Defined Benefit (Pension)
Smithfield Foods Salaried Pension Plan · $1.3B · 10,692 · 99th
- NET $1.3B
- BOOK 10,692
- VS-ST 99th
- BOY Defined Benefit (Pension)
- SCH near Unum Group Pension Plan
- EBSA ind #20278
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 Manufacturing retirement plans → · Plans in Virginia →
Smithfield Foods Salaried Pension Plan in the asset neighbourhood
Virginia filing particulars
| Total Assets (Beginning of Year) | $1.9B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$580M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1994-01-01 |
| 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 Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Northrop Grumman Pension Plan $18.3B · 14,867
- Retirement Security Plan $9.4B · 54,531
- Ng Space&mission Systems Corp Salaried Pension Pla $8.1B · 7,799
- Dominion Energy Pension Plan $7.3B · 12,832
- Sheet Metal Workers' National Pension Fund $7.2B · 61,068
Scale composition for Smithfield Foods Salaried Pension Plan
Smithfield Foods Salaried Pension Plan reports $1.3B in end-of-year assets across 10,692 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $124,967 per participant (90% of the national average assets-per-participant) . Net income for plan year 2022 was -$580M.
This plan identity (EIN 520845861, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.4B (+1.3%) while covered participants moved from 10,692 to 8,183 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 10,692 | $1.3B | This page |
| 2023 | 9,484 | $1.4B | Open filing |
| 2024 · index core | 8,183 | $1.4B | 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 Salaried Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Virginia, the nearest Defined Benefit (Pension) by assets is Unum Group Pension Plan in ME ($1.3B); by covered participants it is Frontier Communications Pension Plan in CT (10,653 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- Unum Group Pension Plan (ME) $1.3B · 3,545
- NECA-IBEW Pension Trust Fund (IL) $1.3B · 5,701
- Colgate-Palmolive Company Employees' Retirement Income Plan (NY) $1.3B · 1,705
- Pace Industry Union-Management Pension Fund (TN) $1.3B · 3,344
Similar participant headcount
Nearest other-state filings by covered participants (10,692 participants); asset peers above are excluded.
- Frontier Communications Pension Plan (CT) 10,653 · 39 off
- Pfizer Consolidated Pension Plan (NJ) 10,752 · 60 off
- Laborers National Pension Fund (TX) 10,753 · 61 off
- Western Conference of Teamsters Supp Benefit Plan (CA) 10,846 · 154 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.