401(k) · DOL Form 5500 · 2023

Hormel Foods Corporation 401(k) Plan

Data updated 2026-08-11

$172M
Total assets
5,283
Participants
94th
Percentile by assets
$32,494
Avg per participant
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Official DOL plan name: Capital Accumulation Plan · Sponsored by Hormel Foods Corporation · Illinois · Manufacturing

$172M in assets, 5,283 participants

Hormel Foods Corporation's Capital Accumulation Plan reported $172M in total assets and 5,283 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • 94th percentile by assets (of 127,072 plans)
  • #17,035 in Manufacturing (18,722 peers)

Coverage in Illinois

Capital Accumulation Plan covers 5,283 participants in Illinois, 6.8x the typical Illinois plan (state average ~779 per filing). Assets: $172M.

$172M
total plan assets (2023 EOY)
5,283
covered participants
94th
percentile by assets (of 127,072 plans)
$32,494
avg assets per participant

Where Capital Accumulation Plan sits by total assets

Capital Accumulation Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$171,663,489 Top 6% higher than 94% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Capital Accumulation Plan reported net income rose from $4M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • Capital Accumulation Plan end-of-year assets rose from $149M in the plan year 2022 filing to $172M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Illinois
Industry
Manufacturing

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Capital Accumulation Plan reports 5,283 participants - 6.8x that state average ($172M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)$149M
Net Assets (End of Year)$172M
Net Income$23M
Employer EIN363889635
Plan Effective Date1993-07-10
Filing StatusFILING RECEIVED

Sponsor Plan History (Hormel Foods Corporation)

$140M$160M$180M$200M 202220232024 $149M $187M ▲ +25.9%
Total plan assets by year, all Hormel Foods Corporation plans on file
Year Plans Participants Total Assets
2022 1 5,288 $149M
2023 1 5,283 $172M
2024 1 5,158 $187M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Capital Accumulation Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Capital Accumulation…, Total assets ($B): 0.171663489 · Participants: 5283Capital Accumulation…Accenture United Sta…, Total assets ($B): 17.594548115 · Participants: 69974Accenture United Sta…State Farm 401(k) Sa…, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Sa…Abbott Laboratories …, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories …United Airlines Pilo…, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilo…Walgreens Retirement…, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement…
Capital Accumulation Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Capital Accumulation Plan side-by-side with 3 peers →

Scale composition for Capital Accumulation Plan

Capital Accumulation Plan reports $172M in end-of-year assets across 5,283 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $32,494 per participant (24% of the national average assets-per-participant) . Net income for plan year 2023 was $23M.

This plan identity (EIN 363889635, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $149M to $187M (+25.9%) while covered participants moved from 5,288 to 5,158 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,288 $149M Open filing
2023 5,283 $172M This page
2024 · index core 5,158 $187M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Capital Accumulation Plan by total assets, not by location.

Frequently Asked Questions

How did Capital Accumulation Plan assets move in 2023? ▼
Capital Accumulation Plan grew sharply - up 15.6% during 2023, from $149M to $172M. Reported net income was $23M.
How have Hormel Foods Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Hormel Foods Corporation's sponsor-wide assets grew 25.9%, from $149M to $187M.
Where does Capital Accumulation Plan rank by assets among Form 5500 filers? ▼
Capital Accumulation Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Capital Accumulation Plan? ▼
Among 401(k) plans in other states, the closest by assets is Service King 401(k) Plan in TX ($172M, 4,893 participants).

Next read for Capital Accumulation Plan

Filing takeaways

Ways to act on Capital Accumulation Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 363889635.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.