Defined Benefit (Pension) · DOL Form 5500 · 2022
Smithfield Foods, Inc. Pension Plan
Data updated 2026-08-25
- $181M
- Total assets Near avg plan size
- 7,506
- Participants Very large workforce
- 95th
- Percentile by assets National rank
- $24,166
- Avg per participant Low balance/head
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.
- #19,074 in Manufacturing (20,602 peers)
Coverage in Virginia
Smithfield Foods Hourly Pension Plan covers 7,506 participants in Virginia, 9.6x the typical Virginia plan (state average ~782 per filing). Assets: $181M.
- #19,074
- in Manufacturing (20,602 peers)
- -32.6%
- assets change YoY
- 1.8×
- vs typical plan assets (national mean)
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.
Smithfield Foods Hourly Pension Plan's outsized position by total assets
Smithfield Foods Hourly Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$181,391,634 Top 5% higher than 95% 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 Hourly Pension 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 Hourly Pension Plan lands in the large band (7,506 participants).
Published 5500 schedule card
Filing strip 520845861 · Smithfield Foods, Inc. PY 2022 · Defined Benefit (Pension)
Smithfield Foods Hourly Pension Plan · $181M · 7,506 · 95th
- PHOTO $181M
- PHOTO 7,506
- PHOTO 95th
- PHOTO Defined Benefit (Pension)
- PHOTO near Wa-Id Laborers Employers Pension Trust
- PHOTO ind #19074
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 Hourly Pension Plan in the asset neighbourhood
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.)
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 Hourly Pension Plan
Smithfield Foods Hourly Pension Plan reports $181M in end-of-year assets across 7,506 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $24,166 per participant (17% 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)
Smithfield Foods Hourly Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Virginia, the nearest Defined Benefit (Pension) by assets is Wa-Id Laborers Employers Pension Trust in WA ($182M); by covered participants it is Operating Engineers' Local 324 Pension Fund in MI (7,511 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($181M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (7,506 participants); asset peers above are excluded.
- Operating Engineers' Local 324 Pension Fund (MI) 7,511 · 5 off
- Meijer Hourly Pension Plan (MI) 7,512 · 6 off
- Laboratory Corporation of America Holdings Cash Balance Retirement Plan (NC) 7,513 · 7 off
- Adm Retirement Plan (IL) 7,527 · 21 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.