Defined Benefit (Pension) · DOL Form 5500 · 2023
Smithfield Foods, Inc. Pension Plan
Data updated 2026-08-25
- $190M
- Total assets Near avg plan size
- 7,223
- Participants Very large workforce
- 95th
- Percentile by assets National rank
- $26,333
- Avg per participant Low balance/head
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.
- #17,135 in Manufacturing (18,722 peers)
Coverage in Virginia
Smithfield Foods Hourly Pension Plan covers 7,223 participants in Virginia, 9.2x the typical Virginia plan (state average ~782 per filing). Assets: $190M.
- #17,135
- in Manufacturing (18,722 peers)
- +4.9%
- assets growth YoY
- 1.9×
- vs typical plan assets (national mean)
Smithfield Foods Hourly Pension Plan's outsized position by total assets
Smithfield Foods Hourly Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$190,203,190 Top 5% higher than 95% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Smithfield Foods Hourly Pension Plan'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. Smithfield Foods Hourly Pension Plan lands in the large band (7,223 participants).
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.
Plan-year Form 5500 strip
Filing strip 520845861 · Smithfield Foods, Inc. PY 2023 · Defined Benefit (Pension)
Smithfield Foods Hourly Pension Plan · $190M · 7,223 · 95th
- EBSA $190M
- PART 7,223
- TYPE 95th
- NET Defined Benefit (Pension)
- BOOK near St. Clair Hospital Retirement Plan
- VS-ST ind #17135
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 Virginia →
Smithfield Foods Hourly Pension Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Smithfield Foods, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.1B 13.015664714333026% vs 2022
- 2024 filing year
| 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.
- 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 $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 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)
Smithfield Foods Hourly Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Virginia, the nearest Defined Benefit (Pension) by assets is St. Clair Hospital Retirement Plan in PA ($190M); by covered participants it is The Ohiohealth Cash Balance Retirement Plan in OH (7,236 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($190M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (7,223 participants); asset peers above are excluded.
- The Ohiohealth Cash Balance Retirement Plan (OH) 7,236 · 13 off
- Heavy and General Laborers' Local Unions 472 and 172 of New Jersey Pension Fund (NJ) 7,170 · 53 off
- Ufcw Union Local No. 655, Food Employer's Joint Pe (MO) 7,157 · 66 off
- Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees (MN) 7,301 · 78 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.