401(k) · DOL Form 5500 · 2023
Hormel Foods Corporation 401(k) Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 5,009
- Participants
- 99th
- Percentile by assets
- $216,235
- Avg per participant
Official DOL plan name: Hormel Foods Corporation Tax Deferred Investment Plan a * · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing
$1.1B in assets, 5,009 participants
Hormel Foods Corporation's Hormel Foods Corporation Tax Deferred Investment Plan a * reported $1.1B in total assets and 5,009 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 127,072 plans)
- #18,295 in Manufacturing (18,722 peers)
Coverage in Minnesota
Hormel Foods Corporation Tax Deferred Investment Plan a * covers 5,009 participants in Minnesota, 4.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.1B.
- $1.1B
- total plan assets (2023 EOY)
- 5,009
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $216,235
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Hormel Foods Corporation Tax Deferred Investment Plan a * reported net income rose from $11M in the plan year 2022 filing to $48M in the plan year 2023 filing.
- Hormel Foods Corporation Tax Deferred Investment Plan a * end-of-year assets rose from $1.0B in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Hormel Foods Corporation Tax Deferred Investment Plan a * reports 5,009 participants - 4.4x that state average ($1.1B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $1.0B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $48M |
| Employer EIN | 410319970 |
| Plan Effective Date | 1986-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Hormel Foods Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 19,631 | $2.9B |
| 2023 | 5 | 24,731 | $3.0B |
| 2024 | 3 | 12,543 | $1.8B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Hormel Foods Corporation Tax Deferred Investment Plan a * 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 Hormel Foods Corporation Tax Deferred Investment Plan a *
Hormel Foods Corporation Tax Deferred Investment Plan a * reports $1.1B in end-of-year assets across 5,009 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $216,235 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2023 was $48M.
This plan identity (EIN 410319970, plan #050) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.0B to $1.2B (+12.1%) while covered participants moved from 5,001 to 4,950 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,001 | $1.0B | Open filing |
| 2023 | 5,009 | $1.1B | This page |
| 2024 · index core | 4,950 | $1.2B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Hormel Foods Corporation Tax Deferred Investment Plan a * (401(k), $1.2B, 4,950 participants)
- Hormel Foods Corporation Pension Plan (Defined Benefit (Pension), $985M, 8,622 participants)
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust (ESOP, $424M, 4,375 participants)
- Hormel Foods Corporation Hourly Employees' Pension Plan (Defined Benefit (Pension), $333M, 3,369 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Hormel Foods Corporation Tax Deferred Investment Plan a * by total assets, not by location.
- Vertex Pharmaceuticals Incorporated 401(k) Plan (MA) $1.1B · 3,789
- Holcim (US) Inc. Retirement Savings Plan (MI) $1.1B · 8,367
- Physician Affiliate Group of New York Retirement Plan (NY) $1.1B · 3,315
- Paychex Pooled Employer 401(k) Plan (NY) $1.1B · 485,003
Frequently Asked Questions
How did Hormel Foods Corporation Tax Deferred Investment Plan a * assets move in 2023? ▼
How have Hormel Foods Corporation plan assets changed over time? ▼
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Filing takeaways
Ways to act on Hormel Foods Corporation Tax Deferred Investment Plan a *'s numbers.
- By total assets, Hormel Foods Corporation Tax Deferred Investment Plan a * ranks among the largest 1% of all filed plans. 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 declined 38.9% since 2022 across 3 plan years on file. More Manufacturing plans