Defined Benefit (Pension) · DOL Form 5500 · 2023
Smithfield Foods, Inc. Pension Plan
Data updated 2026-08-06
- $1.4B
- Total assets
- 9,484
- Participants
- 99th
- Percentile by assets
- $146,254
- Avg per participant
Official DOL plan name: Smithfield Foods Salaried Pension Plan · Sponsored by Smithfield Foods, Inc. · Virginia · Manufacturing
$1.4B in assets, 9,484 participants
Smithfield Foods, Inc.'s Smithfield Foods Salaried Pension Plan reported $1.4B in total assets and 9,484 participants in its 2023 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 126,618 plans)
- #18,320 in Manufacturing (18,672 peers)
Coverage in Virginia
Smithfield Foods Salaried Pension Plan covers 9,484 participants in Virginia, 12x the typical Virginia plan (state average ~781 per filing). Assets: $1.4B.
- $1.4B
- total plan assets (2023 EOY)
- 9,484
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $146,254
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Smithfield Foods Salaried Pension Plan reported net income rose from -$580M in the plan year 2022 filing to $51M in the plan year 2023 filing.
- Smithfield Foods Salaried Pension Plan reported participants fell from 10,692 in the plan year 2022 filing to 9,484 in the plan year 2023 filing.
- Smithfield Foods Salaried Pension Plan end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.4B 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 Salaried Pension Plan reports 9,484 participants - 12x that state average ($1.4B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | $51M |
| Employer EIN | 520845861 |
| Plan Effective Date | 1994-01-01 |
| 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 Salaried 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 Salaried Pension Plan
Smithfield Foods Salaried Pension Plan reports $1.4B in end-of-year assets across 9,484 participants (0.012% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.011% of 89,805,449 covered participants) - about $146,254 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2023 was $51M.
This plan identity (EIN 520845861, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.4B (+1.3%) while covered participants moved from 10,692 to 8,183 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 10,692 | $1.3B | Open filing |
| 2023 | 9,484 | $1.4B | This page |
| 2024 · index core | 8,183 | $1.4B | 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 Salaried Pension Plan by total assets, not by location.
- Central Pennsylvania Teamsters Defined Benefit Plan (PA) $1.4B · 6,206
- Nyu Langone Hospitals Retirement Plan (NY) $1.4B · 2,991
- Conocophillips Retirement Plan (TX) $1.4B · 3,898
- Memorial Sloan Kettering Cancer Center Pension Plan (NY) $1.4B · 4,900
Frequently Asked Questions
How did Smithfield Foods Salaried Pension Plan assets move in 2023? ▼
How have Smithfield Foods, Inc. plan assets changed over time? ▼
Where does Smithfield Foods Salaried Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Smithfield Foods Salaried Pension Plan? ▼
Next read for Smithfield Foods Salaried Pension Plan
Filing takeaways
Ways to act on Smithfield Foods Salaried Pension Plan's numbers.
- By total assets, Smithfield Foods Salaried 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 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