Defined Benefit (Pension) · DOL Form 5500 · 2022
Hormel Foods Corporation Pension Plan
Data updated 2026-08-11
- $880M
- Total assets
- 3,772
- Participants
- 99th
- Percentile by assets
- $233,169
- Avg per participant
Official DOL plan name: Hormel Foods Corporation Pension Plan · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing
$880M in assets, 3,772 participants
Hormel Foods Corporation's Hormel Foods Corporation Pension Plan reported $880M in total assets and 3,772 participants in its 2022 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 139,126 plans)
- #20,148 in Manufacturing (20,602 peers)
Coverage in Minnesota
Hormel Foods Corporation Pension Plan covers 3,772 participants in Minnesota, 3.4x the typical Minnesota plan (state average ~1,126 per filing). Assets: $880M.
- $880M
- total plan assets (2022 EOY)
- 3,772
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $233,169
- avg assets per participant
The plan reported a net loss of $47M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Hormel Foods Corporation Pension Plan reports 3,772 participants - 3.4x that state average ($880M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $926M |
|---|---|
| Net Assets (End of Year) | $880M |
| Net Income | -$47M |
| Employer EIN | 410319970 |
| Plan Effective Date | 1956-10-29 |
| 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 Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Hormel Foods Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
- 3M Employee Retirement Income Plan $14.0B · 12,160
- Mayo Pension Plan $10.3B · 66,434
- The Travelers Pension Plan $3.9B · 25,144
- U.S. Bank Pension Plan $3.7B · 55,836
- Target Corporation Pension Plan $3.3B · 50,515
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Hormel Foods Corporation Pension Plan by total assets, not by location.
- Williams Pension Plan (OK) $879M · 3,868
- Soft Drink and Brewery Workers Union Local 812 Retirement Fund (NY) $879M · 2,237
- Western Connecticut Health Network Pension Plan (CT) $881M · 1,657
- Gciu - Employer Retirement Benefit Plan (WA) $878M · 1,464
Frequently Asked Questions
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Where does Hormel Foods Corporation Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Hormel Foods Corporation Pension Plan
Filing takeaways
Ways to act on Hormel Foods Corporation Pension Plan's numbers.
- By total assets, Hormel Foods Corporation Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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