Defined Benefit (Pension) · DOL Form 5500 · 2023
Smithfield Foods, Inc. Pension Plan
Data updated 2026-08-06
- $190M
- Total assets
- 7,223
- Participants
- 95th
- Percentile by assets
- $26,333
- Avg per participant
Official DOL plan name: Smithfield Foods Hourly Pension Plan · Sponsored by Smithfield Foods, Inc. · Virginia · Manufacturing
$190M in assets, 7,223 participants
Smithfield Foods, Inc.'s Smithfield Foods Hourly Pension Plan reported $190M in total assets and 7,223 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 126,618 plans)
- #17,085 in Manufacturing (18,672 peers)
Coverage in Virginia
Smithfield Foods Hourly Pension Plan covers 7,223 participants in Virginia, 9.3x the typical Virginia plan (state average ~781 per filing). Assets: $190M.
- $190M
- total plan assets (2023 EOY)
- 7,223
- covered participants
- 95th
- percentile by assets (of 126,618 plans)
- $26,333
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Smithfield Foods Hourly Pension Plan reported net income rose from -$88M in the plan year 2022 filing to $9M in the plan year 2023 filing.
- Smithfield Foods Hourly Pension Plan end-of-year assets rose from $181M in the plan year 2022 filing to $190M in the plan year 2023 filing.
- Smithfield Foods Hourly Pension Plan reported participants fell from 7,506 in the plan year 2022 filing to 7,223 in the plan year 2023 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 781 participants across 3,490 plans. Smithfield Foods Hourly Pension Plan reports 7,223 participants - 9.3x that state average ($190M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $181M |
|---|---|
| Net Assets (End of Year) | $190M |
| Net Income | $9M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Smithfield Foods, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 55,579 | $2.7B |
| 2023 | 5 | 55,064 | $3.0B |
| 2024 | 5 | 48,205 | $3.1B |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Smithfield Foods Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- Northrop Grumman Pension Plan $19.1B · 13,674
- Retirement Security Plan $10.2B · 54,171
- Ng Space&mission Systems Corp Salaried Pension Pla $8.5B · 7,117
- Sheet Metal Workers' National Pension Fund $8.3B · 61,272
- Dominion Energy Pension Plan $7.6B · 12,263
Scale composition for Smithfield Foods Hourly Pension Plan
Smithfield Foods Hourly Pension Plan reports $190M in end-of-year assets across 7,223 participants (0.002% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 covered participants) - about $26,333 per participant (19% of the national average assets-per-participant) . Net income for plan year 2023 was $9M.
This plan identity (EIN 520845861, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $181M to $194M (+6.7%) while covered participants moved from 7,506 to 6,816 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,506 | $181M | Open filing |
| 2023 | 7,223 | $190M | This page |
| 2024 · index core | 6,816 | $194M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Smithfield Foods Salaried Pension Plan (Defined Benefit (Pension), $1.4B, 8,183 participants)
- Smithfield Foods, Inc. Salaried 401(k) Plan (401(k), $767M, 4,682 participants)
- Smithfield Foods, Inc. Hourly 401(k) Plan (401(k), $419M, 15,011 participants)
- Smithfield Foods, Inc. Bargaining 401(k) Plan (401(k), $340M, 13,513 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Smithfield Foods Hourly Pension Plan by total assets, not by location.
- St. Clair Hospital Retirement Plan (PA) $190M · 1,339
- Wwec Local 863 Pension Plan (NJ) $190M · 817
- Hunterdon Medical Center Employees' Pension Plan (NJ) $191M · 547
- Local No 731 Excavators and Pavers Pension Trust Fund (IL) $191M · 414
Frequently Asked Questions
How did Smithfield Foods Hourly Pension Plan assets move in 2023? ▼
How have Smithfield Foods, Inc. plan assets changed over time? ▼
Where does Smithfield Foods Hourly Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Smithfield Foods Hourly Pension Plan? ▼
Next read for Smithfield Foods Hourly Pension Plan
Filing takeaways
Ways to act on Smithfield Foods Hourly Pension Plan's numbers.
- By total assets, Smithfield Foods Hourly Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
- Smithfield Foods, Inc.'s sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Manufacturing plans