ESOP · DOL Form 5500 · 2023
Hormel Foods Corporation ESOP
Data updated 2026-08-25
- $432M
- Total assets Above avg plan size
- 4,575
- Participants Above avg headcount
- 97th
- Percentile by assets National rank
- $94,399
- Avg per participant Below avg balance/head
Official DOL plan name: Hormel Foods Corporation Joint Earnings Profit Sharing Trust · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing
$432M in assets, 4,575 participants
Hormel Foods Corporation's Hormel Foods Corporation Joint Earnings Profit Sharing Trust reported $432M in total assets and 4,575 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- #17,851 in Manufacturing (18,722 peers)
Coverage in Minnesota
Hormel Foods Corporation Joint Earnings Profit Sharing Trust covers 4,575 participants in Minnesota, 4.1x the typical Minnesota plan (state average ~1,126 per filing). Assets: $432M.
- #17,851
- in Manufacturing (18,722 peers)
- -11.2%
- assets change YoY
- 4.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $54M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Hormel Foods Corporation Joint Earnings Profit Sharing Trust's outsized position by total assets
Hormel Foods Corporation Joint Earnings Profit Sharing Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$431,874,919 Top 3% higher than 97% 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
Hormel Foods Corporation Joint Earnings Profit Sharing Trust'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. Hormel Foods Corporation Joint Earnings Profit Sharing Trust lands in the large band (4,575 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust reported net income fell from -$11M in the plan year 2022 filing to -$54M in the plan year 2023 filing.
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust end-of-year assets fell from $486M in the plan year 2022 filing to $432M in the plan year 2023 filing.
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust reported participants rose from 4,373 in the plan year 2022 filing to 4,575 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 410319970 · Hormel Foods Corporation PY 2023 · ESOP
Hormel Foods Corporation Joint Earnings Profit Sharing Trust · $432M · 4,575 · 97th
- PART $432M
- TYPE 4,575
- NET 97th
- BOOK ESOP
- VS-ST near Je Dunn Employee Stock Ownership Plan and Trust
- BOY ind #17851
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 What is an ESOP? → · Plans in Minnesota →
Hormel Foods Corporation Joint Earnings Profit Sharing Trust in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $486M |
|---|---|
| Net Assets (End of Year) | $432M |
| Net Income | -$54M |
| Employer EIN | 410319970 |
| Plan Effective Date | 1955-10-31 |
| 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
- $1.8B 38.865716518961875% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 19,631 | $2.9B |
| 2023 | 5 | 24,731 | $3.0B |
| 2024 | 3 | 12,543 | $1.8B |
Nearby ESOP Plans in Minnesota
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Andersen Corporation Employee Stock Ownership Plan $899M · 11,644
- Kingdom Enterprises, Inc. Employee Stock Ownership Plan $498M · 789
- Landscape Structures, Inc. Employee Stock Ownership Plan and Trust $432M · 446
- Force America Inc. Employee Stock Ownership Plan $427M · 412
- Polaris Inc. Employee Stock Ownership Plan $293M · 8,758
Hormel Foods Corporation Joint Earnings Profit Sharing Trust's out-of-state ESOP peers by assets and headcount
Outside Minnesota, the nearest ESOP by assets is Je Dunn Employee Stock Ownership Plan and Trust in MO ($429M); by covered participants it is Scheels Employee Stock Ownership Plan in ND (4,597 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($432M here).
- Je Dunn Employee Stock Ownership Plan and Trust (MO) $429M · 2,457
- Ita Group Holdings, Inc. Employees' Stock Ownership Plan (IA) $428M · 771
- Project Worldwide, Inc. Employee Stock Ownership Plan (MI) $436M · 1,173
- Barr Brands International Amended and Restated Employee Stock Ownership Plan (TN) $427M · 401
Similar participant headcount
Nearest other-state filings by covered participants (4,575 participants); asset peers above are excluded.
- Scheels Employee Stock Ownership Plan (ND) 4,597 · 22 off
- Gensler Employee Stock Ownership Plan (CA) 4,601 · 26 off
- Austin Industries Employee Stock Ownership Plan (TX) 4,510 · 65 off
- The Bank of America Transferred Savings Account Plan (RI) 4,647 · 72 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.