401(k) · DOL Form 5500 · 2023

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-25

$694M
Total assets Above avg plan size
5,193
Participants Above avg headcount
98th
Percentile by assets National rank
$133,616
Avg per participant Near avg balance/head
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Official DOL plan name: Smithfield Foods, Inc. Salaried 401(k) Plan · Sponsored by Smithfield Foods Incorporated · Virginia · Management of Enterprises

$694M in assets, 5,193 participants

Smithfield Foods Incorporated's Smithfield Foods, Inc. Salaried 401(k) Plan reported $694M in total assets and 5,193 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #1,049 in Management of Enterprises (1,137 peers)

Coverage in Virginia

Smithfield Foods, Inc. Salaried 401(k) Plan covers 5,193 participants in Virginia, 6.6x the typical Virginia plan (state average ~782 per filing). Assets: $694M.

#1,049
in Management of Enterprises (1,137 peers)
+13.8%
assets growth YoY
7.0×
vs typical plan assets (national mean)

Smithfield Foods, Inc. Salaried 401(k) Plan's outsized position by total assets

Smithfield Foods, Inc. Salaried 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$693,868,983 Top 2% higher than 98% of 127,068 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 2023

Smithfield Foods, Inc. Salaried 401(k) 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, Inc. Salaried 401(k) Plan lands in the large band (5,193 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Smithfield Foods, Inc. Salaried 401(k) Plan reported net income rose from -$97M in the plan year 2022 filing to $83M in the plan year 2023 filing.
  • Smithfield Foods, Inc. Salaried 401(k) Plan end-of-year assets rose from $610M in the plan year 2022 filing to $694M in the plan year 2023 filing.
  • Smithfield Foods, Inc. Salaried 401(k) Plan reported participants rose from 4,988 in the plan year 2022 filing to 5,193 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 520845861 · Smithfield Foods Incorporated PY 2023 · 401(k)

Smithfield Foods, Inc. Salaried 401(k) Plan · $694M · 5,193 · 98th

  • BOY $694M
  • BOY 5,193
  • BOY 98th
  • BOY 401(k)
  • BOY near M. a. Mortenson Company Profit Sharing and Retirement Savings Plan and Trust
  • BOY ind #1049

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 Management of Enterprises retirement plans → · Plans in Virginia →

Smithfield Foods, Inc. Salaried 401(k) Plan in the asset neighbourhood

East Penn Manufacturing Co. 401(k) Savings PlanEast Penn Manufacturing Co. …$694MDanone U.S. 401(k) Plan$694MSmithfield Foods, Inc. Salaried 401(k) PlanSmithfield Foods, Inc. Salar…$694MM. a. Mortenson Company Profit Sharing and Retirement Savings Plan and TrustM. a. Mortenson Company Prof…$694MWest Monroe Partners, Inc. 401(k) PlanWest Monroe Partners, Inc. 4…$694M
End-of-year total assets ($M) among Smithfield Foods, Inc. Salaried 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$610M
Net Assets (End of Year)$694M
Net Income$83M
Employer EIN520845861
Plan Effective Date1992-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Smithfield Foods Incorporated)

Sponsor-wide plan assets over time

All Smithfield Foods Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$3.1B 13.015664714333026% vs 2022
2024 filing year
$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
Year Plans Participants Total Assets
2022 5 55,579 $2.7B
2023 5 55,064 $3.0B
2024 5 48,205 $3.1B

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Smithfield Foods, Inc. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -10010203040 Total assets ($B) Participants Smithfield Foods, Inc. Salaried 401(k) Plan, Total assets ($B): 0.693868983 · Participants: 5193Smithfield Foods, Inc. Salaried 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Smithfield Foods, Inc. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Salaried 401(k) Plan side-by-side with 3 peers →

Scale composition for Smithfield Foods, Inc. Salaried 401(k) Plan

Smithfield Foods, Inc. Salaried 401(k) Plan reports $694M in end-of-year assets across 5,193 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $133,616 per participant (97% of the national average assets-per-participant) . Net income for plan year 2023 was $83M.

This plan identity (EIN 520845861, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $610M to $767M (+25.9%) while covered participants moved from 4,988 to 4,682 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 4,988 $610M Open filing
2023 5,193 $694M This page
2024 · index core 4,682 $767M Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

Smithfield Foods, Inc. Salaried 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is M. a. Mortenson Company Profit Sharing and Retirement Savings Plan and Trust in MN ($694M); by covered participants it is 48forty Solutions 401(k) Plan in TX (5,193 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5,193 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Smithfield Foods, Inc. Salaried 401(k) Plan assets move in 2023? ▼
Smithfield Foods, Inc. Salaried 401(k) Plan grew at a solid clip - up 13.8% during 2023, from $610M to $694M. Reported net income was $83M.
How have Smithfield Foods Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Smithfield Foods Incorporated's sponsor-wide assets grew 13.0%, from $2.7B to $3.1B.
Where does Smithfield Foods, Inc. Salaried 401(k) Plan rank by assets among Form 5500 filers? ▼
Smithfield Foods, Inc. Salaried 401(k) Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Smithfield Foods, Inc. Salaried 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is M. a. Mortenson Company Profit Sharing and Retirement Savings Plan and Trust in MN ($694M, 2,673 participants).
Which 401(k) plans cover a similar participant headcount to Smithfield Foods, Inc. Salaried 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is 48forty Solutions 401(k) Plan in TX (5,193 participants, $45M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 520845861.

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.