401(k) · DOL Form 5500 · 2023

Hormel Foods Corporation 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
5,009
Participants Above avg headcount
99th
Percentile by assets National rank
$216,235
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#18,295
in Manufacturing (18,722 peers)
+4.6%
assets growth YoY
11×
vs typical plan assets (national mean)

Hormel Foods Corporation Tax Deferred Investment Plan a *'s outsized position by total assets

Hormel Foods Corporation Tax Deferred Investment Plan a * vs every filed plan by assets

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

$1,083,120,575 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 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

Hormel Foods Corporation Tax Deferred Investment Plan a *'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 Tax Deferred Investment Plan a * lands in the large band (5,009 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410319970 · Hormel Foods Corporation PY 2023 · 401(k)

Hormel Foods Corporation Tax Deferred Investment Plan a * · $1.1B · 5,009 · 99th

  • EBSA $1.1B
  • EBSA 5,009
  • EBSA 99th
  • EBSA 401(k)
  • EBSA near Vertex Pharmaceuticals Incorporated 401(k) Plan
  • EBSA ind #18295

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 Minnesota →

Hormel Foods Corporation Tax Deferred Investment Plan a * in the asset neighbourhood

Holcim (US) Inc. Retirement Savings PlanHolcim (US) Inc. Retirement …$1.1BPhysician Affiliate Group of New York Retirement PlanPhysician Affiliate Group of…$1.1BHormel Foods Corporation Tax Deferred Investment Plan a *Hormel Foods Corporation Tax…$1.1BVertex Pharmaceuticals Incorporated 401(k) PlanVertex Pharmaceuticals Incor…$1.1BPaychex Pooled Employer 401(k) PlanPaychex Pooled Employer 401(…$1.1B
End-of-year total assets ($B) among Hormel Foods Corporation Tax Deferred Investment Plan a * and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$1.0B
Net Assets (End of Year)$1.1B
Net Income$48M
Employer EIN410319970
Plan Effective Date1986-04-01
Filing StatusFILING 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
$1.5B$2B$2.5B$3B$3.5B 202220232024 $2.91B $1.78B ▼ -38.8%
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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 0510152025 Total assets ($B) Participants Hormel Foods Corporation Tax Deferred Investment Plan a *, Total assets ($B): 1.083120575 · Participants: 5009Hormel Foods Corporation Tax Deferred Investment Plan a *Unitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Hormel Foods Corporation Tax Deferred Investment Plan a * vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Hormel Foods Corporation Tax Deferred Investment Plan a * side-by-side with 3 peers →

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 *'s out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Vertex Pharmaceuticals Incorporated 401(k) Plan in MA ($1.1B); by covered participants it is Costar Realty Information, Inc. 401(k) Retirement Plan in DC (5,010 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (5,009 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Hormel Foods Corporation Tax Deferred Investment Plan a * assets move in 2023? ▼
Hormel Foods Corporation Tax Deferred Investment Plan a * edged up modestly - up 4.6% during 2023, from $1.0B to $1.1B. Reported net income was $48M.
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 declined 38.9%, from $2.9B to $1.8B.
Where does Hormel Foods Corporation Tax Deferred Investment Plan a * rank by assets among Form 5500 filers? ▼
Hormel Foods Corporation Tax Deferred Investment Plan a * ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Hormel Foods Corporation Tax Deferred Investment Plan a *? ▼
Among 401(k) plans in other states, the closest by assets is Vertex Pharmaceuticals Incorporated 401(k) Plan in MA ($1.1B, 3,789 participants).
Which 401(k) plans cover a similar participant headcount to Hormel Foods Corporation Tax Deferred Investment Plan a *? ▼
Among 401(k) plans in other states, the closest by covered participants is Costar Realty Information, Inc. 401(k) Retirement Plan in DC (5,010 participants, $616M in assets).

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 410319970.

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.