Defined Benefit (Pension) · DOL Form 5500 · 2022
Smithfield Foods, Inc. Pension Plan
Data updated 2026-08-06
- $181M
- Total assets
- 7,506
- Participants
- 95th
- Percentile by assets
- $24,166
- Avg per participant
Official DOL plan name: Smithfield Foods Hourly Pension Plan · Sponsored by Smithfield Foods, Inc. · Virginia · Manufacturing
$181M in assets, 7,506 participants
Smithfield Foods, Inc.'s Smithfield Foods Hourly Pension Plan reported $181M in total assets and 7,506 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 139,258 plans)
- #19,098 in Manufacturing (20,629 peers)
Coverage in Virginia
Smithfield Foods Hourly Pension Plan covers 7,506 participants in Virginia, 9.6x the typical Virginia plan (state average ~781 per filing). Assets: $181M.
- $181M
- total plan assets (2022 EOY)
- 7,506
- covered participants
- 95th
- percentile by assets (of 139,258 plans)
- $24,166
- avg assets per participant
The plan reported a net loss of $88M 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 781 participants across 3,490 plans. Smithfield Foods Hourly Pension Plan reports 7,506 participants - 9.6x that state average ($181M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $269M |
|---|---|
| Net Assets (End of Year) | $181M |
| Net Income | -$88M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Smithfield Foods, Inc.)
| 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.
Smithfield Foods Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- 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 Hourly Pension Plan
Smithfield Foods Hourly Pension Plan reports $181M in end-of-year assets across 7,506 participants (0.002% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 covered participants) - about $24,166 per participant (18% of the national average assets-per-participant) . Net income for plan year 2022 was -$88M.
This plan identity (EIN 520845861, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $181M to $194M (+6.7%) while covered participants moved from 7,506 to 6,816 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,506 | $181M | This page |
| 2023 | 7,223 | $190M | Open filing |
| 2024 · index core | 6,816 | $194M | 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Smithfield Foods Hourly Pension Plan by total assets, not by location.
- Wa-Id Laborers Employers Pension Trust (WA) $182M · 1,991
- Consolidated Retirement Plan of Vitalant (AZ) $181M · 1,020
- I.B.E.W. Local 1579 Pension Plan (FL) $181M · 1,018
- Weill Cornell Medical College Non-Exempt and Frozen Retirement Plan (NY) $182M · 4,078
Frequently Asked Questions
How did Smithfield Foods Hourly Pension Plan assets move in 2022? ▼
How have Smithfield Foods, Inc. plan assets changed over time? ▼
Where does Smithfield Foods Hourly Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Smithfield Foods Hourly Pension Plan? ▼
Next read for Smithfield Foods Hourly Pension Plan
Filing takeaways
Ways to act on Smithfield Foods Hourly Pension Plan's numbers.
- By total assets, Smithfield Foods Hourly Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
- Smithfield Foods, Inc.'s sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Manufacturing plans