401(k) · DOL Form 5500 · 2023
Hormel Foods Corporation 401(k) Plan
Data updated 2026-08-25
- $269M
- Total assets Near avg plan size
- 5,176
- Participants Above avg headcount
- 96th
- Percentile by assets National rank
- $51,956
- Avg per participant Low balance/head
Official DOL plan name: Jennie-O Turkey Store Retirement Savings Plan · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing
$269M in assets, 5,176 participants
Hormel Foods Corporation's Jennie-O Turkey Store Retirement Savings Plan reported $269M in total assets and 5,176 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- #17,479 in Manufacturing (18,722 peers)
Coverage in Minnesota
Jennie-O Turkey Store Retirement Savings Plan covers 5,176 participants in Minnesota, 4.6x the typical Minnesota plan (state average ~1,126 per filing). Assets: $269M.
- #17,479
- in Manufacturing (18,722 peers)
- +7.8%
- assets growth YoY
- 2.7×
- vs typical plan assets (national mean)
Jennie-O Turkey Store Retirement Savings Plan's outsized position by total assets
Jennie-O Turkey Store Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$268,923,352 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Jennie-O Turkey Store Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Jennie-O Turkey Store Retirement Savings Plan lands in the large band (5,176 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Jennie-O Turkey Store Retirement Savings Plan reported net income rose from $6M in the plan year 2022 filing to $19M in the plan year 2023 filing.
- Jennie-O Turkey Store Retirement Savings Plan end-of-year assets rose from $249M in the plan year 2022 filing to $269M in the plan year 2023 filing.
- Jennie-O Turkey Store Retirement Savings Plan reported participants rose from 5,155 in the plan year 2022 filing to 5,176 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 410734466 · Hormel Foods Corporation PY 2023 · 401(k)
Jennie-O Turkey Store Retirement Savings Plan · $269M · 5,176 · 96th
- RANK $269M
- PHOTO 5,176
- IND 96th
- EOY 401(k)
- 5500 near Platinum Equity 401(k) Plan
- ASSETS ind #17479
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 Minnesota →
Jennie-O Turkey Store Retirement Savings Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $249M |
|---|---|
| Net Assets (End of Year) | $269M |
| Net Income | $19M |
| Employer EIN | 410734466 |
| Plan Effective Date | 2003-10-26 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hormel Foods Corporation)
Sponsor-wide plan assets over time
All Hormel Foods Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $274M 10.010195423377128% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,155 | $249M |
| 2023 | 1 | 5,176 | $269M |
| 2024 | 1 | 5,099 | $274M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Scale composition for Jennie-O Turkey Store Retirement Savings Plan
Jennie-O Turkey Store Retirement Savings Plan reports $269M in end-of-year assets across 5,176 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $51,956 per participant (38% of the national average assets-per-participant) . Net income for plan year 2023 was $19M.
This plan identity (EIN 410734466, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $249M to $274M (+10.0%) while covered participants moved from 5,155 to 5,099 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,155 | $249M | Open filing |
| 2023 | 5,176 | $269M | This page |
| 2024 · index core | 5,099 | $274M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Jennie-O Turkey Store Retirement Savings Plan (401(k), $274M, 5,099 participants)
Jennie-O Turkey Store Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Platinum Equity 401(k) Plan in CA ($269M); by covered participants it is Pgt Savings Plan in FL (5,178 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($269M here).
- Platinum Equity 401(k) Plan (CA) $269M · 420
- Ki 401(k) Savings Plan (WI) $269M · 1,886
- Weis Markets, Inc. Retirement Savings Plan (PA) $269M · 23,208
- Open Pep (NJ) $269M · 12,600
Similar participant headcount
Nearest other-state filings by covered participants (5,176 participants); asset peers above are excluded.
- Pgt Savings Plan (FL) 5,178 · 2 off
- Masonite Savings Plan (FL) 5,184 · 8 off
- Salem Health Hospitals & Clinics Retirement Plan (OR) 5,166 · 10 off
- Red Bull North America, Inc. Retirement Income Plan (CA) 5,186 · 10 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.