Other
2022 plan-year Other DOL Form 5500

HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

HORMEL FOODS CORPORATION

This Other plan holds $297M in total assets and serves 3,413 participants as of 2022. It is sponsored by HORMEL FOODS CORPORATION in Minnesota. The plan reported a net loss of $17M for the year.

Total Assets (2023)
$297M
Participants
3,413
State
Industry
Manufacturing

What the Filing Says About HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN

HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN is a Other retirement plan sponsored by HORMEL FOODS CORPORATION, headquartered in Minnesota. As of the 2022 Form 5500 filing, the plan reports $297M in total end-of-year assets and covers 3,413 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 410319970, and the plan has been effective since 1956-10-28. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $314M at the beginning of 2022 to $297M at year-end — a decline of 5.5%. Net assets (after liabilities) closed the year at $297M, with reported net income of $-17,130,189 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$314M
Total Assets (End of Year)$297M
Net Assets (End of Year)$297M
Net Income$-17,130,189
Plan TypeOther
Employer EIN410319970
Plan Effective Date1956-10-28
Filing StatusFILING 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 Other Plans in Minnesota

Peer Other plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN?
As of the 2022 Form 5500 filing, HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN holds $297M in total assets with 3,413 participants. It is sponsored by HORMEL FOODS CORPORATION.
What type of plan is HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN?
HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN is a Other plan. It has been effective since 1956-10-28. The plan is filed with the U.S. Department of Labor under EIN 410319970.
Who sponsors the HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN?
HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN is sponsored by HORMEL FOODS CORPORATION, located in Minnesota. The sponsor's EIN is 410319970 and the plan operates in the Manufacturing industry.
How did HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN perform in 2022?
HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN declined by 5.5% during 2022, moving from $314M to $297M in total assets. Net income was $-17,130,189.
Where can I find official filings for HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN?
Official Form 5500 filings for HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 410319970 or plan name at efast.dol.gov.
How does HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN compare to other plans?
You can compare HORMEL FOODS CORPORATION HOURLY EMPLOYEES' PENSION PLAN against other Other plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.