401(k) · DOL Form 5500 · 2023
Hormel Foods Corporation 401(k) Plan
Data updated 2026-08-11
- $269M
- Total assets
- 5,176
- Participants
- 96th
- Percentile by assets
- $51,956
- Avg per participant
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.
- 96th percentile by assets (of 127,072 plans)
- #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.
- $269M
- total plan assets (2023 EOY)
- 5,176
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $51,956
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Jennie-O Turkey Store Retirement Savings Plan reports 5,176 participants - 4.6x that state average ($269M EOY assets).
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)
| 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.
Jennie-O Turkey Store Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Jennie-O Turkey Store Retirement Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Jennie-O Turkey Store Retirement Savings Plan assets move in 2023? ▼
How have Hormel Foods Corporation plan assets changed over time? ▼
Where does Jennie-O Turkey Store Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Jennie-O Turkey Store Retirement Savings Plan? ▼
Next read for Jennie-O Turkey Store Retirement Savings…
Filing takeaways
Ways to act on Jennie-O Turkey Store Retirement Savings Plan's numbers.
- By total assets, Jennie-O Turkey Store Retirement Savings 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 Minnesota. Compare plans
- Hormel Foods Corporation's sponsor-wide assets have grown 10.0% since 2022 across 3 plan years on file. More Manufacturing plans