401(k) · DOL Form 5500 · 2023
Hormel Foods Corporation 401(k) Plan
Data updated 2026-08-25
- $172M
- Total assets Near avg plan size
- 5,283
- Participants Above avg headcount
- 94th
- Percentile by assets National rank
- $32,494
- Avg per participant Low balance/head
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.
- #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.
- #17,035
- in Manufacturing (18,722 peers)
- +15.6%
- assets growth YoY
- 1.7×
- vs typical plan assets (national mean)
Capital Accumulation Plan's outsized position 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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Capital Accumulation 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. Capital Accumulation Plan lands in the large band (5,283 participants).
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.
DOL schedule card
Filing strip 363889635 · Hormel Foods Corporation PY 2023 · 401(k)
Capital Accumulation Plan · $172M · 5,283 · 94th
- EBSA $172M
- PART 5,283
- TYPE 94th
- NET 401(k)
- BOOK near Service King 401(k) Plan
- VS-ST ind #17035
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 Illinois →
Capital Accumulation Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $149M |
|---|---|
| Net Assets (End of Year) | $172M |
| Net Income | $23M |
| Employer EIN | 363889635 |
| Plan Effective Date | 1993-07-10 |
| 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
- $187M 25.886118923748043% vs 2022
- 2024 filing year
| 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.
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
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:
- Capital Accumulation Plan (401(k), $187M, 5,158 participants)
Capital Accumulation Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Service King 401(k) Plan in TX ($172M); by covered participants it is Central Arkansas Nursing Centers, Inc. 401(k) Plan and Trust in AR (5,285 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($172M here).
- Service King 401(k) Plan (TX) $172M · 4,893
- Superior Essex 401(k) Plan (GA) $172M · 1,357
- Kramer Levin Savings & Investment Plan (NY) $172M · 181
- Churchill Downs Incorporated 401(k) Retirement Plan (KY) $172M · 5,332
Similar participant headcount
Nearest other-state filings by covered participants (5,283 participants); asset peers above are excluded.
- Central Arkansas Nursing Centers, Inc. 401(k) Plan and Trust (AR) 5,285 · 2 off
- Express Savings and Retirement Plan (OH) 5,278 · 5 off
- 10 Roads Express 401(k) Plan (IA) 5,275 · 8 off
- Hospitality Industry 401(k) Plan (MD) 5,291 · 8 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.