Defined Benefit (Pension) · DOL Form 5500 · 2022

Hormel Foods Corporation Pension Plan

Data updated 2026-08-25

$297M
Total assets Near avg plan size
3,413
Participants Above avg headcount
97th
Percentile by assets National rank
$86,983
Avg per participant Below avg balance/head
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Official DOL plan name: Hormel Foods Corporation Hourly Employees' Pension Plan · Sponsored by Hormel Foods Corporation · Minnesota · Manufacturing

$297M in assets, 3,413 participants

Hormel Foods Corporation's Hormel Foods Corporation Hourly Employees' Pension Plan reported $297M in total assets and 3,413 participants in its 2022 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.

  • #19,529 in Manufacturing (20,602 peers)

Coverage in Minnesota

Hormel Foods Corporation Hourly Employees' Pension Plan covers 3,413 participants in Minnesota, 3.0x the typical Minnesota plan (state average ~1,126 per filing). Assets: $297M.

#19,529
in Manufacturing (20,602 peers)
-5.5%
assets change YoY
3.0×
vs typical plan assets (national mean)

The plan reported a net loss of $17M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Hormel Foods Corporation Hourly Employees' Pension Plan's outsized position by total assets

Hormel Foods Corporation Hourly Employees' Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$296,872,236 Top 3% higher than 97% of 139,123 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 2022

Hormel Foods Corporation Hourly Employees' Pension Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Hormel Foods Corporation Hourly Employees' Pension Plan lands in the large band (3,413 participants).

Published 5500 schedule card

Filing strip 410319970 · Hormel Foods Corporation PY 2022 · Defined Benefit (Pension)

Hormel Foods Corporation Hourly Employees' Pension Plan · $297M · 3,413 · 97th

  • PHOTO $297M
  • PHOTO 3,413
  • PHOTO 97th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Laborers Local 57 Industrial Pension Plan
  • PHOTO ind #19529

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 Hourly Employees' Pension Plan in the asset neighbourhood

Crawford & Company Retirement PlanCrawford & Company Retiremen…$298MHormel Foods Corporation Hourly Employees' Pension PlanHormel Foods Corporation Hou…$297MLaborers Local 57 Industrial Pension PlanLaborers Local 57 Industrial…$296MThe Atlanticare Health System, Inc. Pension PlanThe Atlanticare Health Syste…$296MHilton Hotels Retirement Plan$295M
End-of-year total assets ($M) among Hormel Foods Corporation Hourly Employees' Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$314M
Net Assets (End of Year)$297M
Net Income-$17M
Employer EIN410319970
Plan Effective Date1956-10-28
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 Defined Benefit (Pension) Plans in Minnesota

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Hormel Foods Corporation Hourly Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 -5051015 Total assets ($B) Participants Hormel Foods Corporation Hourly Employees' Pension Plan, Total assets ($B): 0.296872236 · Participants: 3413Hormel Foods Corporation Hourly Employees' Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 14.047885796 · Participants: 121603M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 10.299849315 · Participants: 66434Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 3.940696075 · Participants: 25144The Travelers Pension PlanU.S. Bank Pension Plan, Total assets ($B): 3.73901396 · Participants: 55836U.S. Bank Pension PlanTarget Corporation Pension Plan, Total assets ($B): 3.348662968 · Participants: 50515Target Corporation Pension Plan
Hormel Foods Corporation Hourly Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Hormel Foods Corporation Hourly Employees' Pension Plan side-by-side with 3 peers →

Hormel Foods Corporation Hourly Employees' Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Laborers Local 57 Industrial Pension Plan in PA ($296M); by covered participants it is Alaska Teamster - Employer Pension Plan in AK (3,413 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($297M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,413 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Hormel Foods Corporation Hourly Employees' Pension Plan assets move in 2022? ▼
Hormel Foods Corporation Hourly Employees' Pension Plan pulled back noticeably - down 5.5% during 2022, from $314M to $297M. Reported net income was -$17M.
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 Hourly Employees' Pension Plan rank by assets among Form 5500 filers? ▼
Hormel Foods Corporation Hourly Employees' Pension Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Hormel Foods Corporation Hourly Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Laborers Local 57 Industrial Pension Plan in PA ($296M, 1,471 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Hormel Foods Corporation Hourly Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Alaska Teamster - Employer Pension Plan in AK (3,413 participants, $500M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

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.