401(k) · DOL Form 5500 · 2023

Smithfield Foods Incorporated 401(k) Plan

Data updated 2026-08-11

$694M
Total assets
5,193
Participants
98th
Percentile by assets
$133,616
Avg per participant
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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.

  • 98th percentile by assets (of 127,072 plans)
  • #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.

$694M
total plan assets (2023 EOY)
5,193
covered participants
98th
percentile by assets (of 127,072 plans)
$133,616
avg assets per participant

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 →

State
Virginia
Industry
Management of Enterprises

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Smithfield Foods, Inc. Salaried 401(k) Plan reports 5,193 participants - 6.6x that state average ($694M EOY assets).

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)

$2.6B$2.8B$3B$3.2B 202220232024 $2.72B $3.07B ▲ +12.9%
Total plan assets by year, all Smithfield Foods Incorporated plans on file
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

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, In…Northrop Grumman Sav…401(k) Pension PlanGeneral Dynamics Cor…Leidos, Inc. Retirem…Bae Systems Employee…
Smithfield Foods, Inc. Salaried 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Smithfield Foods, Inc. Salaried 401(k) P… 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:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Smithfield Foods, Inc. Salaried 401(k) Plan by total assets, not by location.

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).

Next read for Smithfield Foods, Inc. Salaried 401(k) P…

Filing takeaways

Ways to act on Smithfield Foods, Inc. Salaried 401(k) Plan's numbers.

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.